Wall Street volatility continues
Another volatile session was recorded yesterday in US markets, as the day started with strong gains, but ended with the DJ30 closing only slightly higher and the SPX500 and NSDQ100 closing lower. After JPMorgan upgraded its forecast for General Electric, the stock leaped, closing more than 7% higher. Some tech stocks also registered gains, including Facebook and Apple.
Today’s highlights: EU refuses to renegotiate Brexit
- May suffers another Brexit blow: British Prime Minister Theresa May travelled to Brussels in an attempt to renegotiate the Brexit deal. However, EU leaders informed May that they are not willing to renegotiate the terms, putting more pressure on the British PM.
- Cryptocurrencies continue to slide: The bearish trend in the crypto market continued over the past 24 hours, as all top 10 cryptocurrencies registered losses. At the time of writing, Bitcoin was down more than 3%, trading just above the $3,300 mark. Bitcoin Cash registered losses of more than 9%, recording a new all-time low.
Earnings season coming to a close: The last round of earnings report will be released over the next few weeks towards the end of the year. To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.