U.S. Equity Markets fell for the first time in three days as investors digested mixed corporate earnings and worsening economic data. The US Dollar strengthened the most in about three weeks and Treasury yields increased. The S&P 500 and Dow Jones Industrial Average indexes closed lower, while information technology and consumer discretionary sectors kept the Nasdaq Composite in the green as investors continued to bet Apple Inc. and Microsoft Corp. will perform well in the stay-at-home world. A report showed U.S. companies cut a record 20.2 million jobs in April. The Stoxx Europe 600 Index slumped. After the close of regular trading, Lyft Inc. reported moderate growth of the ride-hailing business in a Quarter marred by the effects of the Coronavirus pandemic. Yields on 10-year Treasuries rose the most in a week with the U.S. increasing the amount of debt it plans to issue in Quarterly Refunding Auctions to a record high of $96 billion to provide government funding as the economy heads into a recession. Bonds declined in the Euro region as investors fretted over Tuesday’s German court ruling criticising the European Central Bank’s easing measures. The Euro weakened amid a slew of bleak economic forecasts by the European Union, heading toward its lowest close since mid-March, back when markets were roiled by demand for the U.S. currency. West Texas oil retreated after a rally that had doubled prices in the past five days. President Donald Trump said Tuesday Americans should begin returning to their everyday lives even if it leads to more sickness and death. Meanwhile, data from Germany provided further evidence of the pandemic’s devastating effect, as new cases in the Euro area’s biggest economy rose ahead of talks on easing restrictions. Traders may have seen a glimmer of hope in earnings from drug makers and online grocers, though insurers, banks and carmakers added to the chorus of companies taking a heavy hit. Elsewhere, shares in Shanghai rose as Chinese traders came back online after a five-day break. Australian equities fell, while Hong Kong and Korean benchmarks advanced. Japanese markets were shut for a public holiday.

To mark my 2050th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 180 points yesterday and is now ahead by 630 points for May, having made 4773 points in April, an incredible 9264 points in March, 2223 points in February, 2142 points in January, 818 points in December, 780 points in November, 1649 points in October, 1620 points in September and 2387 points in August Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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