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Wall Street in the red after unexpected rise in jobless claims
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FTSE 100 slumps nearly 2%; Wall Street faring little better
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Sensex leaps amid strong buying in financial stocks: Key factors impacting D-St today
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Stocks in other Asian markets opened slightly higher, with Japan up 0.3 per cent, South Korea 0.2 per cent and Australia 0.2 per cent.
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NEW DELHI: Benchmark indices advanced almost a per cent on Friday thanks to buying in banks and financials, as the hope rally continued on Dalal Street even as Covid-19 pandemic continued to rattle the country.
It is important to appreciate the fact that Dalal Street is part of the global bull market and its resilience mainly arises from the hope trade on the expectation that the second wave will peak in May and the economy will quickly rebound, said an analyst.
S&P 500 closed in the the red, vindicating my bearish sentiment going into Monday‘s session. And as I have tweeted during the day, the sellling doesn‘t appear to be over. Friday‘s:
(…) selling wave before the close looks to indicate hesitation ahead. Even though VIX is attacking the 16 level, and the put/call ratio ticked higher, the bulls are little disturbed thus far. While VIX rose yesterday, it finished only a little above 17 – the tide in stocks hasn‘t turned to fear even temporarily in the least, and the current consolidation would still be one to be bought.
CME Group Announces Multiple Micro E-mini Equity Index Futures Trading Volume Records
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