Stock markets marked another rebound mainly underpinnedUpdated time: 25 Jan, 2022, 13:39 (UTC+04:00)
Stock markets marked another rebound mainly underpinned by positive COVID-19 vaccine news updated by Pfizer and BionTech. Tech continued to strengthen the broader market with advanced gains of Twitter and Meta Platforms. Apple closed another record high of $3 trillion valuation in market cap. Another name – Roku got an agreement with Google to keep YouTube programs on its platform, resulting in a 18% higher of shares.
S&P 500 closed above 4,700 for the first time since 24 November.
Dow Jones added 35 points.
Nasdaq rose 0.6%.
Six crypto CEOs in the U.S formed an ally to require the Congress a clear regulatory framework for this industry. This is important for the growth of the crypto market, as the more clarity it gained, the more approval it gained globally. Visa – the payments giant was launching a crypto consulting service for merchants and banks.
In terms of price, BTC stayed flat at $50,400 and was still in the bull run. Other altcoins - ETH, SOL, XRP, etc. also followed the trend.
The dollar failed to advance other peers when markets saw optimism about Omicron’s data.
The euro eased at $1.1338, the #aussie stood at $0.7168 and the CAD was unchanged.
The pound slightly recovered to last trade at $1.3202, after GBP/USD fell to $1.3191. The BoE had surprised markets with an unchanged benchmark rate but expected to raise in Q1/2022.