Investors remain uncertain in today's US session, with indices continuing to trade mixed without a clear direction and strength of movement. Government securities continue to rise in value after falling in price for three consecutive days.
The S & P500 remains undergoing some changes, with the financial and health care sectors leading the way, overshadowing the downturn in the technology and energy sectors. HP's stock is one of the top stocks today after the news earlier that Xerox Corp. is considering offering a cash-stock deal to a PC maker. Meanwhile, one of the worst losers today is Uber after its share-trading ban fell.
A series of reductions in interest rates and rising hopes of a US-China trade deal have reassured markets just as economic performance has begun to stabilize.
In currencies, the euro remains strong against the dollar, the British pound traded with minimal changes, and the Japanese yen strengthened against the dollar.
Oil is starting to recede following the latest news from OPEC that they will not discuss further declining production. Gold is taking a break today from yesterday's sale.
Bitcoin remains in the narrow range with minimal changes today.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
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