U.S. Daily Market Review 13.1.20

Stocks rallied today, resuming the gaining path.

The S&P-500 inclined 0.5% to reach a peak mark. The Nasdaq Composite also notched an all-time high, adding 0.8%.

The Dow Jones Industrial Average soared 56 points or 0.2%.

Treasury yields just inclined today as most investors are focused on the signing of a so-called “phase one” trade deal between the U.S. and China later this week. The yield on the benchmark 10-year Treasury note, surged 2 points to 1.84%, while the yield on the 30-year Treasury bond was also higher at around 2.31%.

Tesla Inc. Stock per share jumped $500 for the first time.

The U.S. Department of Labor yesterday reported a rule that will make it more difficult to prove companies are liable for wage law violations.

Boeing’s has a new Chief Executive Officer David who faces very challenging times after two fatal crashes which led to the grounding of the 737 MAX last March.

The plane company is into a hard position and has ordered a full-scale halt in production of the 737 MAX, which represents a huge cost in billions of USD.


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