The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review into whether the big technological companies, such as Facebook and Google, use their powers to disrupt competition. As a result, the stocks of Alphabet, Amazon, and Facebook fell. 📈 Not all the news were disappointing, though, as the earnings report of Coca-Cola encouraged bulls.
Wait for more earnings reports this week and trade stocks with FBS in Metatrader 5!
July 24, Before market opens
EPS forecast: 0.9
Revenue forecast: 15.69B
EPS forecast: 0.89
Revenue forecast: 44.85B
July 24, After market closes
EPS forecast: 1.88
Revenue forecast: 16.5B
EPS forecast: -0.4
Revenue forecast: 6.41B
EPS forecast: 0.31
Revenue forecast: 35.07B
July 25, Before market opens
EPS forecast: 0.35
Revenue forecast: 690.27M
EPS forecast: 11.33
Revenue forecast: 38.17B
July 26, Before market opens
EPS forecast: 2.05
Revenue forecast: 5.33B
Remember that higher figures will be appreciated by bulls.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
WTI oil prices jumped up after Donald Trump’s 2 tweets
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.