Cardano hits record, US jobs in focus [Video]
|Another day another record. The S&P500 hit a fresh high as the cyclical stocks and industrials led yesterday’s gains, while technology stocks paused and took a breath. We saw some profit-taking in Google, Amazon and Facebook, but Apple and Netflix eked out gains, and Netflix even hit a fresh record as it traded close to $600 per share for the first time.
All eyes are on the US jobs data today, with the strength of the data could tint the Fed expectations and trigger a certain price move across equities, especially given that we expect to see low volumes at a time when New York is dealing with severe floods. Also, Monday is closed for the US Labor Day. Therefore, thin trading volumes could lead to sharp price moves across equities if there is any positive or negative surprise on the data front.
In commodities, US crude shortly stepped above the $70pb on Hurricane Ida-led supply shortage and gold steadies a touch above the $1800 per oz, with little upside potential.
In cryptocurrencies, Cardano hits record ahead of Alonzo update, and look promising for cementing its top three ranking after Bitcoin and Ethereum.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.