Global hedge funds this week bought U.S. information technology stocks, such as semiconductors and hardware, at the fastest in five months amid the start of the third-quarter earnings season, according to Goldman Sachs.
Tech stocks powered Wall Street stocks to a higher close and crude prices posted their biggest weekly drop in a month as investors looked past mixed earnings and focused on solid Netflix results and Beijing’s policy steps to boost Chinese demand.
The U.S. dollar fell on Friday, taking a breather after five straight days of gains, as risk appetite increased following yet another round of stimulus measures from China that bolstered global equities led by Chinese stocks.
The Dollar dropped 0.4% against the Yen in the last session. The Ultimate Oscillator is giving a positive signal.
Support: 148.21 | Resistance: 151
Tether’s US dollar-denominated stablecoin has surpassed the record $120 billion market capitalization for the first time, signaling a potential crypto rally. Tether’s USDT, the world’s largest stablecoin, surpassed the milestone on October 20th, according to the firm’s website, which offers live updates of the stablecoin’s supply.
Intel and AMD said they are forming a group to help make sure software works across their chips, responding to a rising challenge from Arm Holdings. Intel invented what is known as the x86 computing architecture, a technology that for 40 years has powered the world’s laptops.
Oil prices tumbled more than 4% to a near two-week low due to a weaker demand outlook and after a media report said Israel would not strike Iranian nuclear and oil sites, easing fears of a supply disruption.
The Oil-Dollar pair dove 1.0% in the last session. The MACD is giving a negative signal.
Support: 67.122 | Resistance: 73.662
Crypto asset manager Grayscale has added 35 crypto altcoins, including Dogecoin, Worldcoin, Pyth and Rune, to a list of assets that are “under consideration” for future investment products.
