Global Stock Market Today
The global stock market has started the week on a positive note. Investors are optimistic that the coronavirus vaccine trial by AstraZeneca (NYSE:AZN) has started once again. We are likely to see more upside in the hospitality and tourism sector.
Stocks in Asia had a solid day today. The Shanghai index advanced 0.32%. The HSI stock index also moved higher by 0.60%, while the Korean Kospi soared 1.30%. The Japanese Nikkei Index rose 0.65%.
Dollar Index
In the forex market, we are seeing the dollar index moving off its lows, which is positive for the dollar. Traders are likely to keep a close eye on the Brexit negotiations, and the hope is that both sides resume their negotiations as no-deal Brexit is not good for any side.
Dow Index and S&P500 Index: Market Breadth
The stock market breadth for the Dow Jones took a further hit on Friday. 67% of the Dow Jones stocks traded above their 200-day moving average yesterday. This is a change of -2% from a day earlier,
The S&P 500 stock breadth also had a little luck. 57% of the shares traded above their 200-day moving average yesterday. This represents a change of +0% from a day earlier.
Stock Market Rally
The S&P 500 stock index was able to close in positive territory on Friday, it advanced by 0.05%. The industrial technology sector led the index higher, and seven out of eleven sectors closed higher.
Huntington Ingalls Industries (NYSE:HII) stock contributed the biggest gain, soaring 6.94%. NortonLifeLock Inc (NASDAQ:NLOK) stock was the largest drag; it fell by 5.96%. The S&P 500 stock index is up 7.8% during this quarter.
The Dow soared 139 points on Friday, and the Dow stocks moved the index higher by 0.48%. 22 stocks of the Dow Jones Index increased in value, and 8 shares of the Dow index moved lower. Caterpillar stock advanced higher by 2.65% and was the biggest mover for the Dow, while Salesforce stock dropped 1.9%, the biggest drag for Dow Jones industrial average index.
The NASDAQ Composite, a tech-savvy index, declined by 0.60 on Friday.