Wall Street reaches new 2018 lows after Fed hikes rates
As expected, the Federal Open Market Committee announced another rate hike yesterday, raising interest rates by 25 base points. After initially showing gains to start the day, Wall Street took a turn for the worse following the hike, as the DJ30, SPX500 and NSDQ100 all closed lower, reaching new lows for 2018. The tech sector registered significant declines, with Amazon and Apple each dropping more than 3%. It seems that the woes on Wall Street will continue today, as futures point to more losses when markets open.
Today’s highlights: Cryptos revert to losses; Facebook drops 7%
- Cryptocurrencies show correction: Following two days of strong gains, the cryptocurrency market was seen lower over the past 24 hours, as 7 of the top 10 cryptos registered losses. Bitcoin Cash registered the largest gains, leaping 17% and regaining its spot as the 4th largest cryptocurrency by market cap.
Stocks earnings releases on 20/12/2018
Stocks earnings releases on 21/12/2018
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.