SPX500 en route to best Q1 in more than 20 years
Wall Street closed higher yesterday, as the DJ30, NSDQ100 and SPX500 closed higher. US representatives arrived in China to resume trade negotiations, while Reuters reported that China has made unprecedented offers to meet US demands, giving markets a boost. The SPX500 is on its way to record quarterly gains of more than 12% – the strongest Q1 performance since 1998.
Today’s highlights: Trade talk hopes boost markets
- May faces another crucial Brexit vote: British MPs will today vote on approving a section of Theresa May’s Brexit plan. The part in question stands as a condition set by the EU, to extend the Brexit deadline, which was supposed to be marked today. If the vote passes, the deadline will be extended to May 22nd, however, if it doesn’t, the British Parliament will have just two weeks to present the EU with an alternative deal.
Lyft going public today
In what is expected to be one of the hottest IPOs of the year, ridesharing giant Lyft will be going public on the Nasdaq stock exchange today, at a value of $24 billion. Soon after the IPO concludes and the LYFT stock becomes available to the general public, eToro will offer it at the best available market rate. Please note: The publicly available price might differ greatly from the IPO price.
Stocks earnings releases on 29/03/19
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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29/03/2019 appeared first on eToro.