FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
40,976,014Confirmed
1,128,016Deaths
30,526,869Recovered
Fetching Location Data…
Advertisement
Advertisement
David Becker
S&P 500

US stocks moved higher on Monday, starting the week on an up note. While volatility remains elevated due to concerns that the Presidential election could be contested, large-cap tech stocks started to rebound. All sectors in the S&P 500 index were higher, led by gains in Energy shares, the Utility sector was the worst-performing sector in the broader market. The dollar eased slightly as riskier assets benefited which helped buoy gold prices. The VIX volatility index slid slightly but remains elevated. Uber announced that it has won back its license to operate in London. In Economic news, the Dallas Fed Manufacturing Index increased more than expected in September.

Uber Wins Back License to Operate in London

Uber Technologies won an appeal to operate in the U.K. capital, securing, for now, the ride-hailing company’s operations in one of its biggest global markets. The ruling is a step forward for Uber as the company tries to build trust with regulators after years of tussles in London. The issue stemmed from widespread instances of unauthorized drivers using the app to pick up customers. According to Uber this issue has not been fixed.

Advertisement

Dallas Fed Manufacturing Survey

Manufacturing activity in Texas expanded at a robust pace in September to a two-year high according to the Dallas Federal Reserve. The production index of the Texas Manufacturing Outlook Survey came in at 22.3 in September, up from 13.1 in August. The index for the general business activity for August also increased, to 13.6 from 8.0 the previous month, expectations had been for the reading to be unchanged at 8.0. The new orders index advanced roughly five points to 14.7, while the growth rate of orders index increased slightly to 13.2. The capacity utilization index rose from to 17.5 from 10.9 the prior month, and the shipments index decreased to 21.5 from August’s 23.3.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US