RoboStreet – October 31, 2019 China Turns Tail on Trade Deal…Again Just as it seemed some genuine progress was about to be made in the long-running trade war with China, it was reported Wednesday that Chile scrapped plans to host next month’s Asia-Pacific Economic Cooperation trade summit where President Trump was expected to meet with Chinese counterpart Xi Jinping […]
Following the third straight interest rate cut by the FOMC, markets are trading lower today with the Dow, S&P, and Nasdaq on track to close in the red. Pressuring markets is the latest hiccup in U.S.-China negotiations as additional delays are likely to occur following the latest comments from Chinese officials, as well as weaker […]
Markets moved lower in early morning trading with all three major indices in the red ahead of the conclusion of the two-day Federal Open Market Committee policy meeting. Following the meeting, the Fed announced the third straight rate cut with Fed Chair Jerome Powell meeting with the press. Following the FOMC, earnings will take center […]
Markets are trading higher ahead of this week’s two-day Federal Open Market Committee meeting, where rates are expected to be cut, and today’s third-quarter earnings from Google parent company Alphabet Inc, due after market close. Fed Chair Powell will meet with the press on Wednesday and discuss the latest policy update. Also supporting markets today […]
RoboStreet – October 24, 2019 Weaker Dollar Strengthens Bullish Sentiment For the companies that make up the S&P 500, the percentage of sales from foreign countries for 2018 was 42.9% of total sales, which is a down from the record 47.8% registered in 2014. S&P began tracking this data going back to 2003. Information technology […]
Markets remain modestly higher today following several big-name earnings this week, include Twitter this morning and Microsoft yesterday. All eyes will be on Amazon’s Q3 report today which is due after the market closes, while next week’s earnings remain prominent but will share the spotlight with the second-to-last FOMC meeting of 2019. In other central […]
Earnings season is in full swing with Microsoft, Tesla, and Ford set to report after market close today, with Caterpillar and Boeing having released third-quarter earnings before the market opened. Yesterday, markets traded lower off mixed earnings results and continued impeachment concerns while today all three major U.S. indices are on track to close in […]
Today, markets are trading higher off strong third-quarter earnings and growing optimism regarding U.S.-China negotiations following the latest comments from Chinese Vice Premier Liu He. With most companies that have already reported recording better-than-expected third-quarter results, earnings have continued to impress and support markets. This week will be headlines by Amazon, Intel, Comcast, and Microsoft, […]
RoboStreet – October 17, 2019 Current Sector Rotation Bullish for New Highs In recent weeks, there has been a notable capital rotation into certain sectors that would imply the economic expansion will continue and that the bull market will enjoy an elongated run to more new highs. It wasn’t only six weeks ago that investors […]
Markets are trading higher today off strong third-quarter earnings as well as a potential Brexit deal between the U.K. and the European Union. This comes after stocks edged lower the previous trading session due to U.S.-China tension and weak retail data. Last week, negotiations between the U.S. and China were productive while this week, comments […]
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