FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
44,145,449Confirmed
1,169,667Deaths
32,350,904Recovered
Fetching Location Data…
Advertisement
Advertisement
David Becker

US stocks rebounded on Monday, as the tech-heavy Nasdaq Composite surged to lead the markets higher. Oracle was among the best performers in the S&P 500, with shares climbing more than 5% after the tech company won the bidding for the U.S. operations of video-sharing app TikTok. Chip-maker Nvidia rallied 5% after it agreed to buy British chip-designer Arm Holdings for more than $40 billion from SoftBank Group Corp. All sectors in the S&P 500 index were higher, led by Real Estate and Energy, Consumer staples was the worst performer in a robust tape. Natural gas prices moved higher helping to buoy energy shares as hurricane Sally formed in the Gulf of Mexico.

The dollar continued to move lower as the ECB discussed the exchange rate but agreed that there is no need to overreact to its gains. Gold prices moved higher as the dollar declined, helping to buoy mining stocks. The VIX volatility index continued to decline as US stocks rallied falling more than 3% and dropping below 26.

The Treasury Will Review Oracle Purchase of TikTok

The Treasury Department said that it would begin to review an agreement for Oracle Corp. to purchase the US assets of TikTok’s to avoid a ban on the popular video-sharing app. Oracle said Monday that it was part of the proposal submitted by TikTok’s Chinese parent ByteDance Ltd. to the U.S. government.

Advertisement

Amazon to Hire 100,000 People

Amazon. plans to hire 100,000 additional employees in the U.S. and Canada, continuing its hiring spree in the wake of the spread of COVID-19. Amazon said the company would hire full- and part-time positions at dozens of locations, with the new jobs paying at least $15 an hour and including benefits and signing bonuses of as much as $1,000 in some cities.

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