Boeing 737 Max approval, Walmart’s gamechanging e-commerce and solid revenues, and top monetary policy moves. What impacted markets at mid-week?
Global Insights
Despite the push for electric vehicles, top producers face hindrances after a series of reported overheating batteries.
Fed voting obstacles, expiring U.S. stimulus package, ECB policy shivers, and U.K.’s $15.9 billion for green industries caught the investors’ eye. Here is how money supply managed in major economies.
Wednesday’s market mover was Boeing stock as investors remained keen on Federal Aviation Administration approval of grounded plane Boeing 737 Max for the resumption of flying. The stock rose 5% on sentiment.
S&P 500 3,603.50 -0.09%
NASDAQ 11,987.00 +0.10%
DJIA 29,694.00 -0.09%
FTSE 6,385.24 +0.31%
DAX 13,172.00 +0.37%
NIKKEI 25,830.00 -0.71%
HSI 26,544.29 +0.49%
SHANGHAI 3,347.30 +0.22%
VIX 23.70 +3.16%
WTI Oil 42.30 +2.17%
Nat Gas 2.7090 +0.63%
GOLD 1872.70 -0.66%
U.S. Dollar Index 92.303 -0.15%
U.S. 10 Treasury Yield +0.87%
Corporate Stories
Walmart reported that its revenues grew 5.2% in Q3 to $134.7 billion even as U.S. e-commerce sales rose 79%.
Market Sentiment
The market is mixed today. Oil prices gained amidst the volatility index going into the positive territory. Gold and U.S. Dollar Index declined on vaccine developments.
