US stock market edges lower amid global growth concerns
The three major US indices finished Friday’s trading session deep in the red zone, with NSDQ100 dropping 2.5%, DJ30 losing 1.75%, and the SPX500 shed 1.9% – marking the worst trading day since January this year. Leading the downfall were the banking stocks, fueled by fears from the flattening long-term treasury yields: Bank of America down 4.15%, CitiGroup down 4.58%, and Wells Fargo is also down by 3.11%.
Today’s highlights: Crypto markets stable, Gold shines on, Asia stock market crashes
- Volatility welcome: If you’re not familiar with the VIX index (up 11.5% on Friday), it’s not too late. This unique ETN bundles together short-term futures that gain in value as the US stock market shows volatility, giving it the nickname – The Volatility Index.
- Cryptocurrencies show stability: With Bitcoin trading in the narrow range of $4000-$4050 over the weekend, crypto traders remain cautious and refrain from opening major positions – fearing a big move from Bitcoin one way or the other. The exception: BNB coin. The native token of Binance shot up 13% over the weekend.
New crypto on eToro – TRON:
We are happy to intro another exciting addition to our cryptocurrency offering – TRON (symbol: TRX). Tron, a decentralised operating system, is currently number 11 in the crypto market cap, boasts a large crowd of followers and ambassadors on social channels, and is led by Justin Sun – a strong public figure in the crypto community.
Stocks earnings releases on 25/03/2019
Stocks earnings releases on 26/03/2019
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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25/03/2019 appeared first on eToro.