Wall Street logs best start to the year since 1991
The SPX500, DJ30 and NSDQ100 all closed higher on Friday marking the largest gains over the first two months of the year since 1991. Tech stocks gave markets a push, as Amazon and Google each rose more than 1.8%. Several stocks hit fresh all-time highs, including Nike, Boeing and PayPal. Over the weekend, The Wall Street Journal reported that the US and China are “in the final stage” of signing a trade deal – a report which could impact markets today.
Today’s highlights: US-China trade deal hopes push markets higher
- Cryptocurrencies show significant declines: The cryptocurrency market was erratic over the weekend, and took a turn for the worse over the past 24 hours, as 8 of the top 10 cryptos registered losses. At the time of writing, Bitcoin was down more than 2.3%, slipping below the $3,800 mark. Both EOS and Bitcoin Cash registered losses of more than 5%.
- Tesla tanks nearly 8%: The electric carmaker took a dive on Friday after Elon Musk said the company will be lowering the price of its Model 3, shift most of its sales from offline to online and would not turn a profit in Q1 of this year. Following the announcements, the TSLA stock closed 7.84% lower.
- Irish PM says Brexit deadline to be extended: Irish newspaper Sunday Independent quoted an unknown minister who said Prime Minister Leo Varadkar told his cabinet that the March 29 Brexit deadline will likely be extended to June by the EU.
Stocks earnings releases on 04/03/2019
Stocks earnings releases on 05/03/2019
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.
The post eToro Daily Update
04/03/2019 appeared first on eToro.