AllMarket Update
logoArgusOctober 12, 2020

Market Update: AZO, MDLZ, SILK

Sector(s)
Healthcare, Consumer Defensive, Consumer Cyclical
Summary

Stocks rose strongly on Monday morning on continued optimism about a fiscal stimulus deal. Investors also awaited the start of the 3Q earnings season on Tuesday, with the first reports from major banks. Apple shares rose nearly 5% amid expectations that the company would launch a new 5G-ready iPhone at an event on Tuesday. The Dow rose 1.0%, the S&P 1.5%, and the Nasdaq 2.2%. Crude oil traded near $39.50 per barrel, while gold rose slightly to $1927 per ounce.

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