All the tech stocks, and a lot of somewhat related stocks, jumped about 1.8% on US market open. I know the US banks’ stress tests were ok, and maybe other things, but I haven’t seen any mention anywhere in the news I see, of this jump. I assume it must have been something that happened overnight, but pre-market prices didn’t show it.
As they say on Eastenders, “WOSGARNON?”
A) does anyone know what caused it?
B) what’s the best news feed to look at for news on things like this? I tried Bloomberg,
C) is there some (expensive?) information source big traders get for news before ordinary mortals get it?
I don’t think he meant a source of insider information. I assume he was asking whether there is any source of live info that will flag up information (perhaps before market open) that will have a significant impact on trading and is faster/better than just relying on general news feeds that might report info once the market has already reacted
I assume it would be wise to consider how happy the Bidenomics bunnies are looking on July 26th. If tails are bushy, don’t go short.
There are some unsynchronised releases the US gov brings together here:
@Punting obviously widespread buying could trigger prices to jump. However, two other explanations could be (I’m not giving any view) 1) market makers simply reflecting data/news to move the price or 2) people removing sell orders. Thus, as you say large investors such as pension funds could place orders across the market but it is equally possible that removal of sell orders results in prices going up.