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 prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.

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.