Wall Street ends lower after Fed leaves rates unchanged
Despite hitting a new all-time intraday high, the SPX500 closed lower yesterday, joined by the DJ30 and NSDQ100. The declines came after the Fed kept rates unchanged, and Chair Jerome Powell hinted that, despite what some analysts predicted, the FOMC may not lower rates this year. While the market was negative overall, Apple finished the day nearly 5% higher, after posting positive earnings the day before.
Today’s highlights: BoE to announce rates today
- Cryptocurrencies mostly lower: Following a positive uptick in the previous session, the cryptocurrency market showed a correction over the past 24 hours, as 8 of the top 10 cryptos were in the red at the time of writing. Bitcoin remained in positive territory, climbing around 0.3% and crossing the $5,400 mark.
- Reports suggest US-China trade deal is close: The ongoing trade war between the US and China could come to an end by next Friday, sources familiar with the matter told CNBC.
Vegan burgers heading to Wall Street
Beyond Meat, a vegan food company known for its popular Beyond Burger, will be going public on Wall Street next week at a valuation of nearly $1.5 billion. The BYND stock will be available on eToro soon after the IPO.
Please note: The initial price available on the platform may be significantly different than the stock price during the initial offering.
Stocks earnings releases on 02/05/2019
Stocks earnings releases on 03/05/2019
Earnings season continues: 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.
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02/05/2019 appeared first on eToro.