Company / Analytics

Analytics, 11 July 2020

Week 28 in Brief

How did the major indexes perform?

U.S. stocks ended higher Friday, supported with positive news of coronavirus treatment as investors gauge economic outlook from the impact of the rising COVID-19 cases. Big Tech Stocks dominated the week, setting a new all-time high record for the tech-heavy NASDAQ.

European stocks closed higher on Friday, but with mixed results for the week. Energy firms slid 1.4% as oil prices fell on worries of fuel demand. Shares in Germany led the region.

Asian stocks fell on Friday, with a pause in Chinese stock rallies, reflecting fears any global economic recovery may stall out amid climbing cases Covid-19 cases. Tokyo and China reported increased infections.



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