Bank earnings weigh on Wall Street
As the earnings season continues, several major banks shared their reports yesterday, impacting markets. Goldman Sachs reported better-than-expected earnings, however, showed a decline in total revenue, causing its stock to slip 3.8%. Citigroup also reported solid earnings, but also a 20% decline in its equity trading division, causing the stock to close 0.1% lower. At the end of the trading day, the DJ30, NSDQ100 and SPX500 all closed lower. In contrast, some companies continues to log new all-time highs, including Disney, Microsoft and Visa.
Today’s highlights: Bitcoin Cash rises 4%
- Cryptos show correction: The cryptocurrency market was seen lower over the past 24 hours, as 9 of the top 10 cryptos registered losses. At the time of writing, Bitcoin was down around 1.7%, holding above the $5,000 mark. The only top 10 crypto to show gains was Bitcoin Cash, which was up more than 4%.
- Asian markets seen higher: While the Asian market was heavily impacted by the ongoing trade negotiations between the US and China, the focus shifted today, as representatives from Japan arrived in Washington for a round of trade talks between the island nation and the US. Markets in the East were seen higher this morning, as the China50 index was up more than 2% at the time of writing, joined by the JPN225 and HKG50 indices.
Stocks earnings releases on 16/04/2019
Stocks earnings releases on 17/04/2019
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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16/04/2019 appeared first on eToro.