Read more
9:26 AM Β· 5 November 2020

πŸ’₯ US100 smashes 12000 level πŸš€

-
-
Open account Download free app

Biden win in US election is nearly a lock now and that’s been seen as negative for stocks, especially for the tech-heavy US100. Why is this market surging like crazy? We could list few arguments. First, Republicans will hold a thin Senate majority and they can trade their support for Dems fiscal package and get assurance of no tax hikes for corporations. Second, US could be following Europe into lockdowns and this has seen tech outperforming. US100 is surging hard and that could suggest a complete “abc” correction pattern and a rally towards new highs.

Investors should be on guard though. Europe is bound to suffer from lockdowns and yet local indices here have nearly fully recovered from the recent slump! This wave of optimism could be hard to justify. Traders should remember that we are still awaiting the FOMC decision (today 7pm GMT) and the NFP (tomorrow, 1:30pm GMT) this week.

10 February 2026, 6:47 PM

Daily summary: Weak US data drags markets down, precious metals under pressure again!

10 February 2026, 3:09 PM

US Open: Wall Street rises despite weak retail sales

10 February 2026, 1:24 PM

US2000 near record levels πŸ—½ What does NFIB data show?

10 February 2026, 9:36 AM

Chart of the day πŸ—½ US100 rebound continues as US earnings season delivers

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the ComissΓ£o de Valores MobiliΓ‘rios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits