U.S. equity futures are trading cautiously following a third day of declines for the S&P 500.
The dollar-to-ruble rate edged up by 0.07% to 78.13 rubles at the opening of trading on the Moscow Exchange.
By 10:10 Moscow time, the MOEX index was trading at 2,817.53 points (+0.01%), and the RTS – at 1,138.13 points (+0.52%).
It’s tempting to divide companies into those that have suffered during the pandemic, such as airlines, and those that have prospered, such as technology firms.
As a technology-driven rally brings U.S. stock indexes within striking distance of fresh records, concerns that big names are over-extended and that new regulation might be coming have some investors diversifying beyond the rally leaders.
European shares sank on Thursday as a resurgence in Covid-19 cases across the continent and fading hopes for more US fiscal stimulus before the presidential election dented demand for equities globally.
Asian markets were mixed onFriday, with gainers supported by bargain-buying after the previous day’s sell-off, with investors growing increasingly concerned about new lockdown measures in Europe as a second wave of coronavirus takes hold.
Few companies have been as hard hit by the coronavirus pandemic as Exxon Mobil .
As Wall Street banks reported quarterly results this week, investors wondered about the staying power of the trading bonanza that has floated profits, offsetting problems in traditional lending businesses that have been hurt by the pandemic.
Hong Kong stocks ended higher on Friday to post their third weekly gain in a row, as investors cheered fresh policy support and upbeat data that pointed to China’s economic recovery from the coronavirus crisis.