This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
American equities jump
On Tuesday, American equities neglected a mediocre start to ascend because Intel spurred technology equities and also brought the Dow Jones Industrial Average to a record maximum.
As a matter of fact, Intel soared by 5.1%, although market experts failed to spot a fresh trigger. Some analysts suggested that the stock was recovering Friday's soar after the chip manufacturer soothed worries over its business.
Besides this, the Philadelphia SE semiconductor index tacked on by 1.20%, which is greatest profit in what’s set to be a four-day jump. As for technology equities SPLRCT, they surged by 0.48%.
8 of the 11 key S&P sectors ascended in contrast with only three gainers earlier in the trading marathon. Moreover, the materials index SPLRCM rallied by 0.53%. Tthe communication services index SPLRCL headed north by up to 0.19%.
EDT, the Dow Jones Industrial Average tacked on by 0.49% hitting 26,780.56, receding having reached a record maximum of 26,793.35. As for the S&P 500, it added 0.16% reaching 2,929.15. Tthe Nasdaq stood still, sticking with 8,041.40.
The Russell 2000 index lost 0.59%.
Financials SPSY headed south by 0.3% due to the fact that American lenders followed their Italian rivals lower right after a senior lawmaker in one of Italy's key parties told that most of Italy’s issues would be tackled if it had a national currency readopted.
As for the defensive utilities SPLRCU, they turned out to be the top performer amid sectors, adding 1.4%.
Facebook went down by 1% for the third consecutive trading session against the backdrop of ongoing calls to utilize legislation to make technology companies take responsibilities for online security seriously.
Besides this, PepsiCo went down by 0.9% because disappointing margins because of higher commodity as well as transport costs managed to overshadow a quarterly profit, which confounded forecasts.
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos.
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!