hero image

On Monday, major stocks rose as strong gains in shares of Facebook and Apple offset Boeing decline. The Dow Jones Industrial Average climbed 200.64 points up to close at 25,650.58 following a low around 200 points.  The Nasdaq Composite gained 2.02 percent to end the session with 7,558.06 and the S&P 500 advanced 1.47 percent to 2,783.30 after a leap in the tech sector by 2.17 percent. The major indexes also broke a 5-day losing trail.

Boeing dropped 5.3 percent following an airplane crash last Sunday. The crash involved the model 737 MAX 8. This crash is the second one in not more than six months concerning this model. A steep decline in Boeing cut back 150 points from Dow futures.

On the other hand, Apple shares advanced 3.47 percent after a huge loss in Boeing shares. Facebook shares also gained 1.47 percent after Nomura Instinet promoted Facebook to acquire from neutral. A boost in tech shares even came up as Nvidia declared that it is going to buy Mellanox Technologies with $6.8 billion. Mellanox lost 7.78 percent while Nvidia gained over 6.97 percent.

On Tuesday, Asian stocks also rose after following a wild session on Wall Street. The pound hopped as Theresa May, British Prime Minister, managed to grab the EU support on the last minute for the Brexit deal.

The broadest index of MSCI of Asia-Pacific shares far-off Japan climbed up by 1.17 percent. Asia’s oil stocks bounced sturdily after Saudi Energy Minister commented that a stop to OPEC-led supply cuts is unlikely to happen before June. Brent rose 0.39 percent at $66.84 each barrel while U.S. crude climbed 0.44 percent to trade at $57.05. Japan’s Nikkei 225 rose over 2 percent and the Topix index climbed 1.88 percent.