London, Tuesday, 19 October 2021
The Dow Jones and S&P 500 reached all-time highs as investors welcomed a better than expected earnings report. The report relieved concerns that pressure due to continuous Covid cases and rising costs would slow down the recovery.
S&P 500: +0.74%
Down Jones: +0.57%
Nasdaq: +0.71%
Health care stocks led the gainers on the day.
Johnson & Johnson (NYSE: JNJ): +2%
Edwards Lifesciences (NYSE: EW): +2%
Boston Scientific (NYSE: BSX): +3.11%
Intuitive Surgical (NASDAQ: ISRG): +1%
Procter & Gamble (NYSE: PG): -1.18%
Tech stocks continued their positive start to the week, supported by a rise in Apple (NASDAQ: AAPL), as the tech giant's new Macbook Pro line, powered by upgraded M1 chips, drew positive comments from Wall Street.
ProShares Bitcoin Strategy ETF (NYSE: BITO), trading under the ticker "BITO," rose nearly 1% in its trading debut.
Bitcoin rose nearly 3% to $63,800, just shy of its all-time high of $64,778, boosting crypto-related stocks.
Marathon Digital (NASDAQ: MARA), Coinbase (NASDAQ: COIN), Riot Blockchain (NASDAQ: RIOT)
were more than 3% higher.
Europe mostly positive
With the exception of France, all major indices closed in a positive territory.
STOXX Europe 600: +0.33%
FTSE 100: +0.19%
DAX 30: +0.27%
CAC 40: -0.05%
FTSE MIB 30: +0.25%
IBEX: +0.67%
(Written and edited by: The Decision Maker)