Daily Market Comments(20211105)-Pill
- U.S stock index kept climbing today with strong Nonfarm payrolls and lower than expected unemployment rate.
- Pfizer’s covid-19 pill is promising.
- U.S house passed 550 Billion bill to Biden’s desk.
Winners and Losers (in my watching list): ABNB+12.98%, YOU+8.75%, UAL+7.26%; OPEN-6.77%, RBLX-5.50%, TSP-4.43%, SQ-4.07%.
Bond Market: 10Y dipped to 1.453, and 30Y to 1.888
Equity Market: NASDAQ closing at 15971.59, +0.20%; DJI 36327.95, +0.56%; S&P500 4697.53, +0.37%.
Econ Calendar: Nonfarm payrolls recorded 531K > 450K, unemployment rate 4.6%<4.7%.
Big News: Bank of England held interest rate unchanged, surprising watchers around the world. Pfizer announced a covid-19 pill, after Merck.
Guess On Next Move: NASDAQ is pushing to the top.