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.
DJ30DJ30
27665.3 -27.65 (-0.1%)
78% selling
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%.
- Volatility expected for CAD: Monthly Employment Change and Unemployment Rate reports will be released in Canada at 13:30 GMT, potentially generating volatility for the Canadian Dollar.
- 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.
- Travel stocks hit new yearly lows: Both Expedia and TripAdvisor reported earnings after the bell on Wednesday, showing disappointing results, causing their stocks to crash yesterday. The EXPE stock closed more than 27% lower and TRIP fell more than 22%.
XRPRipple
0.2782 -0.0087 (-3.03%)
100% buying
GOLDGold
1469.44 0.81 (0.06%)
86% buying
DISWalt Disney
132.95 1.68 (1.28%)
98% buying
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.
* Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.
* Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.
* The information above is not investment advice.
The post eToro Daily Update
08/11/2019 appeared first on eToro.
