Wall Street lifted by job data

• US stocks jumped last week, with the SPX500, DJ30, and NASDAQ100 all up significantly.
• In the SPX500, Energy stocks were a pain point, as the price of oil tumbled on the back of an agreement between OPEC and its allies to gradually begin increasing production between May and July.
• The job market has shown signs of improvement as the NFP report showed that there were 916,000 non-farm job openings last month, while economists polled by Reuters predicted an average of 647,000. The figure for February 2021 has been revised upwards to show 468,000 jobs…

What a start of the year! Not only for the financial markets (and especially crypto, hello Bitcoin!), but also for the team here at Delta. Launching our major 4.0 update around the year’s end was quite an undertaking and we fully committed ourselves on small optimisations and fixes before adding new innovations to our extended feature set.

That time is now! We’ve just released our 4.1 update, our first major update since the relaunch of the app as Delta Investment Tracker, allowing users to not only track crypto, but also stocks, ETF’s, forex, indices and more. Here’s what’s new:

Support for (reverse) splits

Tracking…

Wall Street ends Q1 on a positive note

• Despite some perceived market nervousness, Q1’s closing saw continued strong equity markets and better market breadth. This was led by US exceptionalism with a double-driver of more stimulus and vaccine rollout leadership.
• Last week’s ISM report came in at 65, its highest level since 1983.
• Looking into Q2, April is historically a good month for equities, with average S&P returns being favourable, only surpassed by July.
• In Europe, The PMI for the Euro area stood at 62.5 in March, after 57.9 in February. This is its highest level since June 1997.

As corporations like Visa and PayPal join Wall Street banks in expanding their crypto offerings, Ethereum is setting new all-time highs above $2K.

Prices began rising on Wednesday as the market was uplifted by crypto-themed April Fool’s pranks. The Teletubbies tweeted about Bitcoin to advertise their own imaginary cryptocurrency TubbyCoin, and long-term critic Peter Schiff briefly admitted that he was wrong about the cryptoasset.

Bitcoin is navigating choppy seas, with waves of conflicting sentiment rocking the market below the critical high watermark of $60K.

Prices sank to lows of $50K early in the week on mixed headlines. Two top-tier Wall Street banks announced they were filing for Bitcoin ETFs, while Ray Dalio warned that in “a certain set of circumstances’’ the cryptoasset could be banned in the U.S.

Wall Street finishes in the green

• All three major US stock indices closed the week on a high, with gains on Friday putting them into positive territory for the week. The SPX500 edged out the DJ30 and NASDAQ100, but the trio each gained around 1.5% during the week.
• Small-cap stocks lagged the major indices last week, with the Russell 2000 benchmark down by close to 3%.

As Americans celebrated Saint Patrick’s Day with a feast of $1,400 stimulus checks, the crypto market turned a fitting shade of green.

Prices surpassed $60K early in the week, with two out of five stimulus checks landing in the crypto market, according to a recent survey. This influx of funds was matched by growing institutional interest, with Morgan Stanley announcing three Bitcoin investment products to meet growing demand.

Wall Street turns red after all-time highs

• All three major US stock indices lost ground last week after both the DJ30 and SPX500 reached fresh all-time highs.
• The majority of the SPX500’s 11 sectors didn’t move beyond a percentage point in either direction from a weekly perspective.
• Energy was the major outlier, tumbling 7.7% on the back of a significant decline in the price of oil.
• Financial stocks also fell back last week, despite the Federal Reserve upgrading its outlook for the US economy.
• The DJ30 fell by 0.7% on Friday taking it into negative territory for the week.
• A…