The worse-than-expected earnings may press Walmart down!
British shares revive slightly from dip
On Tuesday, British stocks soared, backed by American markets ending their session quite above their worst levels, although market participants appeared to stay away from big bets ahead of a major Brexit step.
The FTSE 100 index UKX increased by 0.3%, hitting 7,317.30, reviving somewhat from Monday’s 0.6% dip, which left the benchmark at its lowest value in almost a month.
The given drop arose amid a global stock sell-off that was blamed on concerns that Donald Trump might have difficulties with implementing business-friendly measures after a Republican overhaul of the health care system failed. However, the S&P 500SPX, closed down by just 2 points, having tumbled by 22 points previously.
With the fight to replace the Affordable Care Act stalled, Donald Trump points out he's going to shift to tax reform.
Meanwhile, on Tuesday, the British pound was trading at $1.2572, moderately higher from $1.2565 late Monday, ahead of a much anticipated step in Britain’s withdrawal from the EU.
Twitter reported encouraging earnings results. Cisco's earnings beat estimates, but revenue declined for the fifth quarter in a row.
Stocks rise and drop on their earnings reports. Let's review those which reported recently.
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.
The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.