Wall Street rallies to have 2nd-best day of the year
US markets registered significant gains yesterday, as the DJ30, SPX500 and NSDQ100 each closed at least 2% higher. The tech sector recovered some of the losses suffered in the previous session, as Microsoft, Amazon and Facebook each climbed 2% or more, while Apple rose more than 3%. The gains are attributed to Fed Chair Jerome Powell saying the Fed might implement measures to counter the ongoing trade war, coupled with reports that Republican lawmakers might block President Trump’s plan to impose new tariffs on Mexican imports.
Today’s highlights: Global markets mostly higher
- Oil continues to struggle: The black gold registered losses yesterday, following another increase in US crude oil stockpiles, and a Russian official questioning the need for extending the global supply cut. Igor Sechin, head of Russian state oil producer Rosneft, yesterday was quoted saying “it doesn’t make sense” to cut oil production if the US is able to fill the void and take Russia’s market share.
Stocks earnings releases on 05/06/2019
Stocks earnings releases on 06/06/2019
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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05/06/2019 appeared first on eToro.