The US authorities filed a lawsuit against Facebook - what are the implications?
American stock futures pause at record peaks
On Friday, Wall Street futures actually pointed to a flat to lower start because American equities were brace for taking another breather at record peaks, with the Nasdaq reportedly intending to break a 10-day winning streak, which is its best outcome since February 2015. It’s because market participants are ready to price in big moves on earnings. They’re also awaiting a bunch of outcomes next week.
The blue-chip Dow futures declined 0.13%, the S&P 500 futures tumbled 0.05%, and the tech-heavy Nasdaq 100 futures sagged 0.13%.
With no key economic reports set for publication on Friday, investors paid attention to the ongoing flow of quarterly earnings, especially the outcomes of three Dow Jones components.
Visa Inc looked braced for leading the blue-chip index higher because equities reported profits of almost 2% in pre-market trade Friday right after the credit card company raised its earnings forecast because revenues beat estimates.
Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
Have you seen the Tesla stock price? But it has already dropped from that high... will it move up again?
The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
USD’s rally takes a pause, while riskier assets are modestly rising.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.