Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
Wall Street is intact
On Tuesday, American shares struggled for direction because a lack of fresh prompts on US-China trade talks tamed investor appetite notwithstanding positive profit estimates from retailers.
US Secretary of State Mike Pompeo told that American leader is going to reject any deal, which wasn’t good enough and added that his country will proceed with its work on a trade agreement.
This year the S&P 500 has tacked on by nearly 11% and it’s currently nearly 5% away from its September 20 record closing maximum, backed by a dovish stance from the major US financial institution and on expectations that China and America would soon come up with a long-awaited trade solution.
Target Corp went up by about 4.93%, Kohl's Corp surged by 7.01% right after the retailers predicted annual earnings above expectations.
Their positive outcomes pushed the consumer discretionary 0.27% up, which turns out to be the most impressive outcome among S&P sectors. As for the retailing index, it headed north by 0.33%.
Besides this, ET the Dow Jones Industrial Average slumped by 0.01% concluding the trading session 25,817.32. As for the S&P 500, it decreased by 0.09% showing 2,790.37. Additionally, the Nasdaq Composite rallied by 0.04% showing 7,580.24.
Experts actually expect first-quarter earnings to head south by 1.3% year-over-year, in contrast with previous hopes for 5.3% leap in the beginning of the year. It’s going to be the first dive in quarterly earnings surge since 2016.
Seven of the eleven key S&P sectors headed south, with the financial sector's 0.52% dived becoming the top loser.
The sector was suppressed by losses in Wall Street's big financial institutions, with Wells Fargo diving by 0.9% and Citigroup Inc losing by 1.6%.
Meanwhile, Align Technology slumped by 5.97%.
You are still in doubt whether it makes sense to trade stocks? Watch this.
The oldest US aluminum company Alcoa will post its earnings report for the fourth quarter of 2019 on January 16 at midnight.
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.