Fed signals for no rate hikes this year, dragging financial sector down
The Federal Open Market Committee yesterday announced that it is holding interest rates steady and implied that there will be no rate hikes this year. The announcement impacted Treasury bond yields, which had a negative impact on the financial sector, as Goldman Sachs lost more than 3%, while Bank of America, JPMorgan and Morgan Stanley each declined more than 2%. In contrast, the tech sector rallied, as Netflix closed more than 4.5% higher, and Apple, Amazon, Facebook and Google each closed at least 2% higher.
Today’s highlights: BoE and EU Brexit vote to impact markets today
Stocks earnings releases on 21/03/2019
Stocks earnings releases on 22/03/2019
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.
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21/03/2019 appeared first on eToro.