Disney's "Mulan" was released yesterday. And there is a lot of publicity about it...
Zuckerberg has lost 7 billion dollars as companies pull adds from Facebook. Catch the moment!
The social media giant is facing the advertising boycott. Corporations such as Unilever, Coca-Cola and Starbucks cancelled their ad contracts with Facebook. They organized the #StopHateForProfit campaign to protest against the Facebook’s failure to stop the spread of hate. The Facebook’s co-founder Mark Zuckerberg announced on Friday that they expanded their policy to prevent any hate and violence on the platform. However, people don’t believe that Facebook is effectively managing hate speech and disinformation. Do you remember that Twitter banned posts by President Donald Trump for its violence? Facebook hasn’t done anything with similar posts. People criticized the company for its inaction.
What does it mean for a trader?
It’s a great opportunity to make profit! The Facebook stock price will fall, while companies continue boycotting. It may meet the support at $210. If it breaks It down, it can plummet deeper to $204 and then to the 200-day moving average at $198. Follow news further!
Long time we haven't checked the S&P 500 stocks - there are interesting events and trends to follow.
Nvidia and Alibaba report their Q2 results this week. Grab the levels and prepare to step in!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.