
This week AMD, Amazon, and Apple will release their earnings reports. These tech giants will determine the future of the US stock market!
2020-09-09 • Updated
AUD/JPY: The AUD/JPY pair is now poised to exit the Kumo. Further bearish momentum will confirm the bearish sentiment.
U.S. Jobless Rate declined to 8.4% in August. The S&P 500 was set for a higher open on Friday following a brutal selloff in the previous session as a drop in the unemployment rate offset a slide in technology stocks, while investors remained cautious about a patchy economic recovery.
Nonfarm payrolls increased by 1.37 million jobs last month after advancing 1.73 million in July, the Labor Department’s closely watched employment report showed. The unemployment rate fell to 8.4% from 10.2% in July, steeper than the 9.8% fall that economists polled by Reuters forecast.
Apple Inc (AAPL.O), Microsoft Inc (MSFT.O), Amazon.com Inc (AMZN.O), Tesla Inc (TSLA.O) and Nvidia Inc (NVDA.O), which bore the brunt of Thursday’s losses, extended declines to between 1% and 4% in premarket trading.
The US Dollar consolidated gains on Friday but was set for its biggest weekly rise in two and a half months as on overnight drop in high flying US tech stocks fuelled a bout of risk aversion in global markets.
This week AMD, Amazon, and Apple will release their earnings reports. These tech giants will determine the future of the US stock market!
Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
Tesla, Netflix and Goldman Sachs will publish their earnings reports these week. Here is why you should follow.
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence.
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