Trade optimism lifts Wall Street
Following reports that China and the US have agreed to roll back some import tariffs, Wall Street closed higher yesterday. The DJ30 climbed more than 0.6%, to close at a new all-time high, while the SPX500 and NSDQ100 also registered gains. Several stocks reached new records, including Apple, JPMorgan Chase and Wal-Mart.
Today’s highlights: Cryptos remain lower
- Cryptos continue to decline: The cryptocurrency market was seen lower over the past 24 hours, as 9 of the top 10 cryptos were in the red at the time of writing. Bitcoin slipped around 1% to trade just above the $9,200 mark, while the largest losses of the top 10 were registered by XRP, which fell more than 4.5%.
- Gold set for largest weekly loss in years: The precious metal recorded significant losses on Tuesday and yesterday, putting it in a position to close at the largest weekly loss seen in 2.5 years.
- Disney jumps on earnings: The media giant yesterday reported its earnings after the bell, showing better results than expected. Following the release, the Disney stock jumped 5% in after-hours trading. Next Tuesday, the company’s much-anticipated streaming service, Disney+, will be released, potentially impacting the stock further.
Stocks earnings releases on 08/11/2019
Stocks earnings releases on 11/11/2019
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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08/11/2019 appeared first on eToro.