Jun 11, 2021 | Vanshika Kaushik
The Stock Exchanges are like a bumpy roller coaster ride sometimes high up in the sky and sometimes reaching the depths of oceans. Currently all the shares of companies are trading at a higher price in the Wall Street Exchange.
Meanwhile the investors are cautiously studying the market trends and most of them are keen to invest in cryptocurrencies. The S&P 500 moved a little over 0.1% after making a gain of 0.2%. The Dow Jones Industrial average slipped a little though Nasdaq recorded a slight gain of 0.3%.
Fast Food Companies like Dominos recorded a spike in their share prices. Dominos share price rose by 1.2%. The energy companies also marked an increase in their respective profit share. Wendy’s (America’s Fast Food Chain) also recorded an increase in its share price by 25%.
Bitcoin, Ethereum and Dogecoin’s prices are falling. Traders are currently looking forward to selling their cryptocurrencies. Fastly a cloud service provider company also recorded a jump in its stock price. Its stock price increased by 10.8%.
As reported by USA Today Tom Hainlin, national investment strategist at U.S. Bank Wealth Management said,” We haven’t moved materially lower, probably because right now there aren’t a lot of catalysts to move the market one way or the other.”
Currently the US economy is trying to revive the economic impact of the pandemic. The factories are gearing up their production. The economic condition is still disoriented. There might be a lot of consumers but very few of them are willing to buy products.