Wall Street closes higher on weak job data
Job data released on Friday showed a slowdown in the US economy, which could prompt the Fed to cut rates soon. As a result, the DJ30, SPX500 and NSDQ100 closed higher. The DJ30 snapped a 6-week losing streak and logged its best week since last November. Tech stocks were seen higher, as Amazon, Apple, Facebook and Google each climbed at least 2%, joined by Microsoft, which reached a fresh all-time high. Other stocks reached record highs, including Coca Cola, Starbucks, Visa and PepsiCo.
Today’s highlights: Global markets seen higher
- Futures point to more gains on Wall Street: On Friday, the US and Mexico reached an agreement that will prevent new tariffs on imported Mexican goods, giving Wall Street another boost, as futures point to more gains by major indices when markets open today.
- Cryptocurrencies remain sluggish: The crypto market was seen lower over the weekend and continued to slip over the past 24 hours, as all top 10 cryptos registered losses. At the time of writing, Bitcoin was down more than 3%, staying below the $7,700 mark. XRP recorded the largest losses of the top 10 cryptos, down more than 5%.
Stocks earnings releases on 10/06/19
Stocks earnings releases on 11/06/19
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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10/06/2019 appeared first on eToro.