Friday 23 October 2020: A value stock-led rally pushed the US equity indices higher after markets initially struggled for direction

Oct 23, 2020 · 6m 4s

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A value stock-led rally pushed the US equity indices higher after markets initially struggled for direction - Dow up +153-points or +0.54%. Energy heavyweights Exxon Mobil Corp and Chevron Corp...

A value stock-led rally pushed the US equity indices higher after markets initially struggled for direction - Dow up +153-points or +0.54%. Energy heavyweights Exxon Mobil Corp and Chevron Corp gained +3.7% and 2.4% respectively. Banks also traded strongly, with JPMorgan Chase & Co gaining +3.5%. The broader S&P500 rose +0.52%, with the Energy sector (up +4.16%) the clear outperformer and leading eight of the eleven primary sectors higher. Real Estate (down -0.76%), Information Technology (-0.47%) and Consumer Staples (-0.22%) the laggards. The technology centric Nasdaq added +0.19%.

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