Wall Street rallies to all-time highs on strong earnings
As the earnings season continues, stronger-than-expected results from key companies pushed the SPX500 and NSDQ100 to new all-time highs. Of the 104 SPX500 companies that reported earnings so far, more than 77% have beat analyst expectations (according to Refinitiv). The DJ30 also closed higher. Twitter leaped 15.6% after publishing its earnings report. Several companies reached new all-time highs, including Microsoft, Disney, Oracle and Visa.
Today’s highlights: Bitcoin crosses $5,600
- Rate decision expected in Canada: The Bank of Canada will be announcing its rate decision today at 14:00 GMT, followed by a press conference with Governor Stephen Poloz at 15:15 GMT. The announcement and Poloz’s words could generate volatility for the CAD.
- Cyber defense firms report earnings: Defense giant Lockheed Martin reported its earnings yesterday, showing strong performance and shooting its stock up 5.6%. Tomorrow, another major defense company, Raytheon, will also be reporting its earnings. Both companies are very active in the cybersecurity industry, which you can invest in through the CyberSecurity CopyPortfolio on eToro.
Stocks earnings releases on 24/04/2019
Stocks earnings releases on 25/04/2019
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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24/04/2019 appeared first on eToro.