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US stock indices return to rise again – 15-05-2020

News Date: 15/5/2020 05:19:38

On the earlier hours of this morning, the US stock indexes, including the Dow Jones index, which witnessed a catastrophic recession yesterday, increased by 2.17%, to reach today by 1.62%, while the Nasdaq index rose by about 0.91%. And the Standard & Poor’s 500 Index rose by 1.15%, this progress was accompanied by gains in all sectors of finance, consumer services and basic materials.

Back with the news of the American currency that it is expected that it will achieve weekly gains despite the decline that I experienced today, due to the lack of future vision for the pandemic that shook the world, while the New Zealand dollar pair fell against the US dollar by 0.20% to the level of 0.60 dollars, As for the British pound, it still incurs a loss by remaining under negative pressure, which is now stable at 1,2209, and finally the euro remains stable at 1.08 !

The gold futures contracts witnessed an increase, like the silver futures contracts, as the first rose by 0.16%, and settled at $ 1,740 an ounce, while the second is currently trading at $ 16.6 an ounce, an increase of 2,47%, but the oil futures contracts have decreased  by 0.07%, to settle the now at $ 27.54 a barrel.

In conclusion, expectations indicate that stock indices continue to fluctuate between stagnation and recovery until the stability of the US economy ،  and the overall recovery from the consequences of the global pandemic !

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