Facebook drives US100 to new record!

7:41 AM 7 August 2020

Facebook (FB.US) was a star during Thursday session as shares soared more than 6% to new all-time high. That was a result of new feature called Reels that allows users to place short videos on Instagram. This is a direct competition to popular TikTok which is under a ban threat from president Trump. Investors obviously bet that this opens new possibilities for the US social media giant.

US100 soared higher towards fresh all-time highs. One can see that it remains in a quite regular upwards channel and corrections have so far been moderate and regular. The upper limit of the channel is around 11650 points.

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