Article Hero

Tech stocks reached a new all-time high - Monday Review, June 28

Miguel A. Rodriguez
Miguel A. Rodriguez
29 June 2021
The new COVID-19 variant is spreading rapidly

The US

Wall Street closed mainly higher, fuelled by tech stocks as investors are waiting for a robust earnings season while interest rates remain low.  USA30 fell 0.44%, while USA500 went up 0.23% closing at a new record high of 4,290.61. TECH100 added 0.98% to 14,500.51.

Crude oil traded 1.51% lower at $72.93 per barrel.

Gold was up 0.12% to $1,780 a troy ounce.

The Dollar Index rose 0.05% to 91.9.


Asia and Australia

Stocks mainly were down as the more virulent Delta variant of the coronavirus continues to spread.

Japan225 edged down 0.15%.

Down under, Australia200 slipped 0.17% as Sydney is currently under lockdown to deal with the latest outbreak involving the Delta COVID-19 variant.

Hong Kong markets were closed in the morning.

USD/JPY traded at 110.6200 after it lost 0.14%.



Markets dropped on concerns that the new COVID-19 variant could undermine the economic recovery. Germany30 fell 0.34%, while France40 slid 0.89%. UK100 dipped 0.88%.

Brent oil settled down 1.97% at $74.68 a barrel.

EUR/USD was unchanged at 1.1933.


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?


Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.