After heavy Wall Street correction on Thursday, today the Investors and traders will closely monitor the US non-farm payrolls report due later in the session. The market participants are anticipating a gain 1.4 million jobs in August, the unemployment rate is expected to tick down to 9.8%.
Zoom Video Communications (NASDAQ: ZM) shares climbed more than 28% in during pre-market trading on Tuesday after the company reported strong Q2 financial results on Monday after market close.
Technology giants HP and Dell reported better-than-expected last quarter financial results on Thursday 27th August after the market close. The last quarter results fuelled by a huge surge in PC demand due to remote working and distance learning.
American Biotechnology firm, Moderna (NASDAQ: MRNA) shares closed in positive for the second consecutive day. The $MRNA stock closed more than 6% higher on Wednesday after the early data of its experimental COVID-19 vaccine showed comparable immune response between older and younger volunteers. The analysis looked at 100 microgram dosage that has been selected for the larger Phase 3 trial.
The US dollar index, a measure of the USD’s value against a weighted basket of foreign currencies. During the last week, the king dollar ended higher after the 8-week losing streak boosted by the release of the FOMC minutes which provide both caution and less dovish tones. The dollar also received continues support on Friday after better-than-expected the US home sales and PMI data.