• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

Investors rushing into Amazon, Apple, Facebook, as NASDAQ sets new record

Olumide Adesina by Olumide Adesina
August 18, 2020
in Stock Market
U.S Stocks set to surge higher, on hopes of a stimulus package deal, What Does The Circuit Breaker Tell Us

Trader Trader Gregory Rowe works on the floor of the New York Stock Exchange at the end of the trading day Monday, March 16, 2020. (AP Photo/Craig Ruttle)

Share on FacebookShare on TwitterShare on Linkedin

Stock traders, pension funds, global investors, and asset managers have had a lot to laugh about recently, after the Nasdaq Composite Index (which comprises Amazon, Apple, Facebook, and Google) broke its trading record numbers.

The Nasdaq Composite surged 1 percent to 11,129.73,

The Dow Jones Industrial Average dropped by 0.31% to end at 27,844.91 points, while the S&P 500 surged by 0.27 % to 3,381.99.

RelatedStories

Microsoft Corporation

Microsoft to lay off 9,000 workers globally in second wave of job cuts in 2025 

July 2, 2025
Jeff Bezos sells $737 million worth of Amazon stocks in first major sale of 2025 

Jeff Bezos sells $737 million worth of Amazon stocks in first major sale of 2025 

July 2, 2025

The Nasdaq closed its most recent trading session at a record. Also, the S&P 500 closed the day four points from its best once again, as most global technology companies had a good showing. The Dow struggled to keep up.

READ MORE: Facebook, Microsoft, Amazon shares drop, top U.S official orders lockdown

Why the NASDAQ is soaring higher

Leading global tech stocks like Amazon, Apple, Facebook, and Microsoft have been performing better than most businesses during the COVID-19 pandemic. This is because individuals and businesses have moved to the cloud and remote services, leading to gains for the companies providing such services. These gains have also helped push up these tech firms’ market capitalization which, in turn, helped them to withstand the huge sell-offs recorded in months.

READ: Gold down over increased investor confidence in economic recovery

However, in spite of the technology-powered stock index setting new records, Stephen Innes, the Chief Global Market Strategist at AxiCorp, spoke about the growing concerns among global investors. He said:

“Muggy, sluggish, and unsettled conditions are typically mirrored in markets at this time of year. Political malevolence and the lingering pandemic have only added to stresses in 2020.

Download the Nairametrics News App

“Still, it was another day where everything rallied except the US dollar. The ideal investor’s situation where all assets are pretty much roped to the hip of US policy stimulus and the expectations of more to come.

“Yes, big tech is doing its part, but when the bearish argument is centering on the failure to make new record highs on the S&P 500, it would suggest sentiment is in a pretty good place. And with the high-frequency indicators that investors track for the US do not indicate that the recovery is falling off the cliff either.”


Follow us for Breaking News and Market Intelligence.
Tags: AmazonAppleAxiCorpFacebookMicrosoftNasdaq CompositeStephen InnesUS Dollar
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Microsoft Corporation
Sectors

Microsoft to lay off 9,000 workers globally in second wave of job cuts in 2025 

July 2, 2025
Jeff Bezos sells $737 million worth of Amazon stocks in first major sale of 2025 
Billionaire Watch

Jeff Bezos sells $737 million worth of Amazon stocks in first major sale of 2025 

July 2, 2025
British pound, Naira
Currencies

Naira, U.S dollar bow to surging British Pound Sterling   

June 17, 2025
Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 
Companies

Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 

June 12, 2025
Naira , dollar, exchange rate
Currencies

Naira shows stability in informal market, U.S. Dollar maintains upward trajectory

May 28, 2025
MacKenzie Scott,
Billionaire Watch

Bezos’s ex-wife, MacKenzie Scott, is $3.69 billion poorer in 2025 

May 11, 2025
Next Post
PIB; Will the jinx be broken this time around?, President Buhari may sign 2020 Budget tomorrow, President Buhari approves N37 billion for National Assembly renovation, President Buhari appoints Sarki Auwalu to head DPR , FG may stop interstate and inter-town travels, COVID-19: President salutes Elumelu, Dangote, Atiku, Banks, others for support, Naira export earnings, Covid-19: FG to set up N500 billion intervention fund, sovereign wealth, FG issues guidelines on implementation of gradual easing of lockdown nationwide, Electricity: FG approves one year waiver of import on meters, Buhari backs Lagos State Government Judicial Panel of Inquiry

FG expected to spend a record N12.65 trillion for 2021 budget

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • BREAKING: GTCO targets East Asia expansion, no plans for US 
  • GTCO lists 2.28 billion Public Offer shares on NGX after London debut, discloses price 
  • Lagos Govt reopens Purple Mall after fatal car fall incident 

Follow us on social media:

Recent News

Top 5 highest paid bank CEOs of 2022 

BREAKING: GTCO targets East Asia expansion, no plans for US 

July 10, 2025
GTCO to write off Aiteo loan and switch to aggressive recovery plan

GTCO lists 2.28 billion Public Offer shares on NGX after London debut, discloses price 

July 10, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics