September 26, 2021

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Rise in Technology - E24

Industrial decline on Wall Street – E24

Technical and cryptocurrency were better than the first trading day of the week in the US stock market.

Marie Altaver / AFP
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Friday ended with the inclusion of the top two major indexes on Wall Street, the S&P 500 and Dow Jones.

Industry indicators rose after the “most important numbers of the month” revealed that 943,000 new jobs were created outside the agricultural sector in July. It was a stronger result than economists had previously expected, and according to Bloomberg, 870,000 new jobs were expected.

After the turbulent opening on Monday afternoon, both indicators are looking red at closing time.

This is how the trading day ended:

  • The Dow Jones index fell 0.31 percent
  • Standard & Poor’s 500 down 0.09 percent
  • Nasdaq rose 0.16 percent

At the close of the stock exchange, the price of a barrel of North Sea oil (burned) fell by 1.47 percent, and is trading at $69.24. A barrel of US light sweet oil is trading at $66.80.

The “world’s most important interest rate”, also known as the “ten-year” in the US, also fell during the day.

The yield on US government bonds was 1.32 points at the close of trading, after falling to 1.27 points at the opening of the stock exchange.

This comes after a sharp rally on Friday after strong US jobs numbers.

The “most significant figure for the month” revealed that 943,000 new jobs were created in July outside the agricultural sector.

Cryptocurrency improvement

Monday turned out to be a good day for cryptocurrency.

After halving below $30,000 earlier this summer, the bitcoin exchange rate hovered above $46,000 on Monday afternoon. According to CoinMarketCap.

This is still well below this year’s high of $64,800 in April.

It was an important resistance level, said William Noble, Metrix token analyst, over the weekend, when the price reached $43,700. If the price exceeds that, he thought it could open up to another sharp rally.

“So $49,000 could be the next stop, and I don’t want to rule out the jump back to over $64,000,” he said. Forbes.

Cryptocurrency exchange Coinbase is also seeing a strong rise.

The largest cryptocurrency exchange for bitcoin is up 8.60 percent during the trading day, the day before the company’s numbers for the quarter.

The brokerage firm upgrades Tesla’s recommendation

The electric car company saw a 2.26 percent increase on Monday.

The height comes next US broker Jefferies has upgraded the recommendation For the company from “buy” to “hold”.

The brokerage believes that Tesla will rise from current levels to a price of $850 per share.

The share price on Monday evening is $714.96.

A drop from the record set on Friday

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