China’s diplomatic row with the U.S., followed by 17 U.S. states push to reverse Biden’s win. Apple and Google’s ban of X-Mode. Google and Adtech firms facing EU privacy complaints. Brent Oil topping $50 a barrel. What were Thursday’s top market news?
Global Insights
China seeks to revoke visa-free entry to Hong Kong and Macau for U.S. diplomatic passport holders. States where President Trump won joined Texas calling the Supreme Court to reverse President-elect Joe Biden’s projected Electoral College victory.
Thursday’s market mover was Brent oil which rose above $50 a barrel on vaccine releases, boosting energy sector stocks.
S&P 500 3,659.50 -0.35%
NASDAQ 12,391.00 +0.21%
DJIA 29,904.00 -0.53%
FTSE 6,599.76 +0.54%
DAX 13,278.00 -0.57%
NIKKEI 26,695.00 +0.11%
HSI 26,410.59 -0.35%
SHANGHAI 3,373.28 +0.039%
VIX 22.55 -0.11%
WTI Oil 47.04 +3.34%
Nat Gas 2.5650 +5.04%
GOLD 1838.00 -0.03%
US Dollar Index 91.802 -0.24%
U.S. 10 Treasury Yield +0.95%
Corporate Stories
Apple and Google have reportedly banned X-Mode Social, a major data broker, from collecting location data from users whose phones run iOS and Android
Google and digital advertising firms face privacy complaints in six EU countries over the real-time bidding process of selling ads to potential advertisers
Market Sentiment
The market was mixed on Thursday. Oil gained on COVID-19 vaccine releases and previous OPEC+ agreement, while VIX fell. Gold cooled previous gains to close lower to the dollar. Rise in U.S. jobless claims weighed down on market as it traded lower today.
