Friday 30 October 2020: US equity markets advanced, clawing back some of the previous session’s steep declines as investors eyed
Oct 29, 2020 ·
7m 19s
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Description
US equity markets advanced, clawing back some of the previous session’s steep declines as investors eyed quarterly results from a host of big technology stocks - Dow +139-points or +0.52%...
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US equity markets advanced, clawing back some of the previous session’s steep declines as investors eyed quarterly results from a host of big technology stocks - Dow +139-points or +0.52% . Boeing Co announced a four-part bond deal a day after reporting third-quarter results. Boeing said in a public filing Thursday that it may use proceeds from the bond sale to repay near-term debts. The broader S&P500 +1.19%, with six of the eleven primary sectors logging gains of more than >1%. Exxon Mobil Corp announced plans to cut its U.S. workforce by ~1,900 people, seeking to reduce costs to fend off lower demand for its products during the pandemic. Exxon earlier this month announced workforce cuts in Europe, not immediately detailing in which countries the layoffs would occur. Nasdaq +1.64%. Netflix Inc rallied +% after the streaming company announced it will raise prices for U.S. subscribers.
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Author | Morgans Financial Limited |
Organization | Morgans Financial Limited |
Website | - |
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