Thursday 12 November 2020: US equity markets firmer amid a reversal from growth to value
Nov 12, 2020 ·
5m 46s
US equity markets firmer amid a reversal of the rotation out of growth stocks into value names that has unfolded over the past two sessions - Dow settled -23-points or...
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US equity markets firmer amid a reversal of the rotation out of growth stocks into value names that has unfolded over the past two sessions - Dow settled -23-points or -0.08% lower, with American Express Co (down -4.17%), Boeing Co (-3.47%) and Walt Disney Co (-3.02%) the major drags on the index. The broader S&P500 rose +0.77%, with Information Technology (up +2.41%) and Consumer Discretionary (+1.50%) the leading primary sector performers after being at the back of the pack for the past two sessions. Materials (down -1.37%), Industrials (-0.88%) and Energy (-0.84%) underperformed overnight. The technology-centric Nasdaq rebounded +2.01%. Among the big technology names, Amazon.com Inc gaining +3.37%, Apple Inc +3.04%, Google-parent Alphabet Inc +0.71%, Microsoft Corp +2.63%, Facebook Inc +1.49% and Netflix Inc +2.19%. The small capitalisation Russell 2000 index was flat.
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