Amidst Lockdown – US Market Stock Skyrocket

0
26

At a point when major countries are facing so much decrease in productivity, falling and being indebted in huge loans – maybe some are still working so hard to raise and keep their economy up high.

In the US Market CAP, Apple currently accounts for more than 7% of the index after rising ny 1.2%. The market value of the iPhone maker rose to an estimated $2.1tn, pushing the company’s price-to-earnings ratio to 34 times, using its expected earnings over the next 12 months.

This is so unbelievable as the thought of gadget’s is subdued due to the pursuit of health and safety first. But inrespective of that, Big-cap Tech Firms has continued to ride the wave of euphoria with momentum while many others have crawled to make a name and stand the test of time till things normalize.

________________________________________________________________
>Do You Want To Receive Update As Soon As We Publish? join our Telegram Channel stay updated with the latest headlines--CLICK HERE
______________________________________________________________

Currently, the S&P 500 has climbed for four consecutive weeks making great earns, wiping out the remainder of the steep losses caused by the coronavirus crisis. It has grown by 57% and gradually making the profit the Lockdown made it incure.

Additionally, Riskier junk bonds rose alongside the advance in equity markets on Monday, no one wants to be left behind logically.

Another overwhelming growth is that of the Treasuries and investment grade corporate bonds. The yield on the 10-year Treasury rose from a 0.02% points to 0.65%.    

Moving on, the European equities also grew heavily with CAP profit to it’s legacy. The Stoxx Europe 600 closed 1.6% higher, with the FTSE 100 adding 1.7% and benchmarks for Germany, France and Italy all climbing by more than 2 per cent.

Asian equities were buoyant after recent weeks of caution over the regional spread of coronavirus. Hong Kong’s Hang Seng index added that 1.7 % while the CSI 300 gauge of Shanghai and Shenzhen-listed stocks increased by 0.8%. In Tokyo, the Topix edged 0.2% higher and South Korea’s Kospi index gained 1.1%.

 

READ ALSO  How to Start Oil and Gas Business in Nigeria
* ADS**
**Register Your Business Name With CAC and Get it in less than 2 weeks--CLICK HERE

**Join our Community and interact with fellow members>> Click here to join
JOIN US @TELEGRAM TO RECEIVE UPDATE CLICK HERE

** Grab My Ultimate List of Over 100+ Companies That Pays You Up To $2500 To Blog and Post Online ( #3000 Only))- CLICK HERE
**Get All Recruitment Jobs Past Questions and Answers--CLICK HERE
____________________________________________________________________

LEAVE A REPLY

Please enter your comment!
Please enter your name here