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31Dec2020 Pre-Market Commentary: Wall Street Is Poised To Wrap Up A Tumultuous 2020 With Surprisingly Strong Gains, Bitcoin Surged Above $29,237 Overnight, Now At 28521


Premarket biggest movers: Exxon Mobil, Tribune Publishing, Apple, Tesla (SPY -0.07%. 2020 ends with around 20 million Americans still on jobless benefits.
Here is the current market situation from CNN Money
European markets finished broadly lower on Wednesday with shares in London leading the region. The FTSE 100 is down 1.45% while Germany s DAX is off 0.31% and France s CAC 40 is lower by 0.22%.
What Is Moving the Markets
Here are the headlines moving the markets.
Oilfield Service Giants Are Expanding Beyond Oil Tech
The oilfield services sector is usually the one to suffer the most during an oil and gas industry downturn. This last crisis has been no exception in most respects. Drilling fell sharply this year in response to the demand slump in both oil and gas, budgets were cut and exploration plans shrunk. There was talk we might have already seen peak oil demand. The situation begged the question what happens to oilfield services beyond oil? To be ....

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The Rich Got Richer During COVID-19. Here's How American Billionaires Performed – Investment Watch


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$129 billion boost in net worth that’s a whopping 
523% in gains.
This makes sense considering the year Musk has had. Tesla’s market value has skyrocketed throughout 2020, and SpaceX’s long term valuation doubled after making some monumental strides in the private space industry.
Jeff Bezos saw the second highest growth in net worth with a 
$74 billion increase. This isn’t surprising, given that Amazon’s stock price has climbed 
69% since the beginning of 2020.
But Amazon hasn’t been the only company to benefit from the accelerated e-commerce market other retailers, like Nike, have also seen a significant boost in online sales this year as well. ....

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The Rich Got Richer During COVID-19. Here's How American Billionaires Performed

The Rich Got Richer During COVID-19. Here's How American Billionaires Performed
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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