This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
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%.
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos.
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!