Dow Jones Rallies With China Set For Evergrande Collapse; Microsoft, Nvidia Offer Entries; Meme Stock Surges

0 7
The Dow Jones Industrial Average closed higher again as U.S. stocks rallied, even as China prepared for the demise of Evergrande. Microsoft (MSFT), Alphabet (GOOGL) and Nvidia (NVDA) were offering rebound entries. Salesforce.com (CRM) was the top blue chip. Meme stock BlackBerry (BB) vaulted on earnings. X A trio of stocks managed to pass buy points amid the broad bullish action. Pure Storage (PSTG), Oneok (OKE) and Devon Energy (DVN) attempted breakouts. China Gets Ready For Storm American stocks were continuing to shake off Monday's pullback on the imminent demise of China Evergrande Group, a real estate investment company. The communist country is bracing itself for the impact, with the People's Bank of China pumping a further $17 billion into its banking system after injecting $13 billion into it earlier this week. According to Wells Fargo analysts, no major U.S. banks have more than 1.5% of their assets tied to Chinese cross-border deals, reducing contagion risk.
Subscribe or log in to read the rest of this content.
Leave A Reply

Your email address will not be published.

At The Centre of Every Trade
$59.95/month