11/12 Financial News: Dow closes flat, TikTok asked to void the Trump administration’s order

Image source: https://web.whatsapp.com

1, S&P 500 and Nasdaq rise as investors buy tech shares beaten up this week, Dow closes flat. The broader-market index closed 0.8% higher at 3,572.66 and the Nasdaq jumped 2% to 11,786.43. The Dow Jones Industrial Average — which had been the stalwart early this week — struggled, falling 23.29 points, or 0.1%, to 29,397.63.

2, Global oil demand will rebound more slowly in 2021 than previously thought because of rising coronavirus cases, OPEC said on Wednesday, hampering efforts by the group and its allies to support the market.

3, Top asset manager BlackRock Inc on Monday downgraded U.S. Treasuries and upgraded their inflation-linked peers ahead of the U.S. election. In a research note BlackRock said that it took the step for tactical reasons.

4, Brazil’s government on Tuesday backed the United States’ Clean Network proposal to build a global digital alliance that excludes technology that Washington sees as manipulated by China’s Communist government.

5, The Chinese-owned social media firm TikTok has asked a federal appeals court to void the Trump administration’s order demanding that the company divest its operations in the U.S. TikTok’s Chinese parent company claims the order violates its Constitutional rights.

6,TikTok will increase its number of employees in Ireland to 1,100 by early 2021 from just 20 in January, the Chinese-owned video app said on Wednesday, a pace of expansion Ireland’s foreign investment agency said was one of the fastest on record.

By 【G-Translators – Financial and Law Team】

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

Inline Feedbacks
View all comments


秘密翻译组需要各类人才期待战友们的参与: https://forms.gle/bGPoyFx3XQt2mkmY8 🌹 欢迎大家订阅 - GTV频道1: https://gtv.org/user/5ed199be2ba3ce32911df7ac; GTV频道2: https://gtv.org/user/5ff41674f579a75e0bc4f1cd Nov. 12, 2020