Wall Street plunges on recession fears
US markets took a nosedive yesterday, as investor sentiment weighed on the market, after yield from 3-year Treasury Bonds surpassed that of their 5-year counterparts – a phenomenon that could be an indicator of a future recession. The DJ30, SPX500 and NSDQ100 all fell sharply as a result, each recording losses of more than 3%. The tech sector was a major part of the downturn, as Amazon and Google both declined more than 5%. Wall Street will be closed for trading today due to a national Day of Mourning over the passing of former President George H. W. Bush. Other markets will also be affected – refer to the Market Hours and Fees page for more information.
Today’s highlights: Global markets seen lower
- Rate decision coming in Canada: The Bank of Canada will deliver its rate decision today at 15:00 GMT, potentially impacting the Canadian Dollar.
- Oil slips on rising supplies: The OPEC meeting tomorrow will reportedly result in a production slowdown in an attempt to raise prices, however, a rise in US stockpiles impacted prices this morning.
Editing of Stop Loss for crypto positions restored on eToro
We are pleased to inform our clients that we have recently restored the ability of editing Stop Loss for long, non-leveraged cryptocurrency positions. You can now go to your portfolio and edit Stop Loss for your existing positions to any rate between 50%-100%. Read more here.
Stocks earnings releases on 05/12/18
Stocks earnings releases on 06/12/18
Earnings season coming to a close: The last round of earnings report will be released over the next few weeks towards the end of the year. 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.