US equities post weekly gains as traders weigh COVID impact

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New York, July 12 | US stocks managed to secure weekly gains after wild trading as investors cautiously eyed the soaring number of coronavirus infections in the country while weighing its impact on an economic recovery.

For the week ending Friday, the Dow rose 1 per cent, the S&P 500 climbed 1.8 per cent and the Nasdaq advanced 4 per cent, Xinhua news agency reported.

The S&P US Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on US exchanges by total market cap, logged a weekly rise of 6 percent.

“The overarching takeaway is that the stock market almost always moves well in advance of an economic and earnings recovery,” Mitch Zacks, CEO at Zacks Investment Management, said in a note on Saturday, while commenting on a seeming disconnection between a weak economic recovery and a strong stock market in the United States.

“The economic picture in the US remains mixed and in flux,” analysts at the firm said in a separate research note Saturday, citing the fact that “as of the end of the second quarter, over 40 per cent of the US had reversed reopening plans or placed them on hold, and cases continue to grow at a rapid pace.”

The United States set a fresh daily record for COVID-19 infections on Thursday with a tally exceeding 63,200 cases, and the country’s seven-day average now stands at more than 53,000 cases, according to CNBC.

More than 3.2 million confirmed COVID-19 cases have been reported in the United States, with over 134,000 deaths, as of Saturday afternoon, showed data from the Center for Systems Science and Engineering at Johns Hopkins University.

Wall Street also digested a slew of newly-released economic data.

US initial jobless claims, a rough way to measure layoffs, registered 1.314 million in the week ending July 4, following a revised 1.413 million in the previous week, as the pandemic continues to weigh on the labor market, the Department of Labor reported Thursday.

Economic activity in the US non-manufacturing sector grew in June after two consecutive months of contraction, the Institute for Supply Management (ISM) reported on Monday.

The ISM non-manufacturing index registered 57.1 per cent, 11.7 percentage points higher than the May reading of 45.4 per cent, topping market consensus.

Source: IANS

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From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

Gone are the days when one had to finish school, college and subsequent years in getting trained to be able to sustain oneself with decent income. Today, what you earn eventually depends upon your skillset and how early you got started to build an expertise in your domain.

Manthan Dudeja, who currently lives in California and is still in his graduation years, understood the perks of starting early and is now a CEO who has worked across a plethora of jobs, from IoS programming to website development and blogging to trying his hand at Amazon Associates.

In conversation with this dynamic entrepreneur, let’s decode the various options for freshers to make a side income while they are still in school/college –

  • Content writer/Editor

Manthan explains how he started off by writing for blogs with whatever knowledge he had and with the help of internet, this could be by either writing for your own online blog, for instance Manthan was interested in Tech, so he was writing for his blog ‘TechCrack‘ or for someone else in the capacity of a content writer.

It’s not difficult to get started if you have the basic understanding to develop a ‘flow’ while writing a piece and the skill to write what suits your target audience.

  • Software developers/ Programmers/ Coders – Today, software/app developers are earning more than the average of $60 an hour by working remotely. There are a host of online paid/free platforms providing trainings to acquire such skills, Manthan has been an app/website developer for the longest time and by far, this skill has given him the best results for his work.
  • Digital Marketer/ E-Marketer-

Your journey to become a digital marketer starts the day you take the step of self-educating yourself and learning the tricks to attract potential customers either by way of Google, Facebook, or any other digital platform by a host of scalable ways on the internet, undoubtedly, digital marketing is the hottest online work from home concept of this decade.

Manthan is today a successful digital marketer who has equipped himself with the advanced knowledge of online ads on various mediums and has effectively used these skills to generate incredible revenue over time.

These are some of the best ways to get started, according to Manthan, all

 

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