[ad_1]
Shutterstock photo
* Amazon wins 2% after launching Cyber Monday
* Rising oil prices increase shares of Exxon and Chevron
* Nvidia increases after brokerage starts with "outperformance"
By Amy Caren Daniel
November 26 (Reuters) – Wall Street is expected to surge on Monday, following a strong sell-off in the previous session, spurred by lower oil prices and sustained sales hopes during the holiday season . Buyers who missed offers on Black Friday are expected on Cyber Monday, giving retailers a good start to their decisive vacation season. urn: newsml: reuters.com: *: nL4N1Y13CF
Shares of online trading giant Amazon.com IncAMZN.O jumped 2.1% and eBay IncEBAY.O gained 1.9% in inpremarket trading.
Other retailers, including Best Buy IncBBY.N, Walmart IncWMT.N and Target CorpTGT.N, also grew about 1%.
"We had a pretty miserable week in terms of the stock markets and sometimes you get a rebound of relief, the markets could bounce back a bit on that basis," said Randy Frederick, vice president of trading and derivatives activities. Charles Schwab in Austin, Texas.
"I think the anticipation before the holidays is that it will be a pretty strong season and the black Friday is a big part of it."
The main Wall Street indexes fell more than 3% in the last week. The Dow and Nasdaq recorded their biggest weekly decline since March, due to falling oil prices, fears of a slowdown in global growth and a spike in earnings results. companies.
The S & P 500 closed on Friday, down 10.2% from the record high on September 20th, confirming a correction for the second time of the year.
At 8:37, ET, the Dow e 1YMc1 minis earned 239 points, or 0.99%. The S & P 500 e-minis ESc1 rose by 28.25 points (1.07%) and the Nasdaq 100 e-minis NQc1 by 97.5 points (1.49%).
Oil prices rose, easing some of its losses after dropping nearly 7% on Friday, pushing up Dow, Exxon Mobil CorpXOM.N, 0.9% and Chevron CorpCVX.N components by 1.0. %.
Other members of the group called FAANG have also grown, with shares of Facebook IncFB.O, Apple IncAAPL.O, Netflix IncNFLX.O and Google-parent Alphabet GOOGL.O gaining between 1% and 2%.
This week's G20 summit, where US President Donald Trump and his Chinese counterpart, Xi Jinping, are also scheduled to hold trade talks in Buenos Aires, Argentina, are also at the forefront of investor concerns.
Among the other securities, Nvidia CorpNVDA.O rose 2.7% after Credit Suisse began hedging the chip maker's shares with an "outperforming" rating and said the recent weakness shares were one of the highlights. Entry convincing.
The smaller rival Advanced Micro Devices also gained 3.2%. (Reportage by Amy Caren Daniel at Bengaluru, ArunKoyyur Edition) (([email protected]; Inside US +1 646 2238780; outside US at + 91 80 6749 9250 Reuters Messaging: [email protected] .net))
Source link
