Wall Street ends higher on US-China trade talks
After it was announced yesterday that the US and China will resume trade talks next week, Wall Street ended higher, as the DJ30, SPX500 and NSDQ100 all registered gains. Earnings continued to impact markets as both Coca Cola and Hasbro notched fresh all-time highs following better-than-expected reports. After the bell, Snap Inc. released its earnings and soared more than 9%.
Today’s highlights: Global markets seen higher
- Cryptos continue to decline: The negative momentum in the crypto market continued over the past 24 hours, as the majority of cryptocurrencies registered losses. At the time of writing, Bitcoin was down more than 4%, slipping below the $10,000 mark, joined by 6 other top 10 cryptos that dropped 4% or more.
- Johnson becomes UK Prime Minister: After being considered the clear frontrunner, UK Conservative Party member Boris Johnson was yesterday officially declared as Theresa May’s successor. Johnson is known for is eurosceptic opinions and is expected to push for a complete divorce from the EU by the October 31st Brexit deadline.
- Beyond Meat surges to all-time high: The vegan food giant is scheduled to release its first earnings report next week and investors are already showing faith in the company. After jumping around 10% in the previous session, the BYND stock continued to climb yesterday, closing at a new all-time high.
Stocks earnings releases on 24/07/19
Stocks earnings releases on 25/07/19
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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24/07/2019 appeared first on eToro.