eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Wall Street rallies to all-time highs on strong earnings
As the earnings season continues, stronger-than-expected results from key companies pushed the SPX500 and NSDQ100 to new all-time highs. Of the 104 SPX500 companies that reported earnings so far, more than 77% have beat analyst expectations (according to Refinitiv). The DJ30 also closed higher. Twitter leaped 15.6% after publishing its earnings report. Several companies reached new all-time highs, including Microsoft, Disney, Oracle and Visa.
2931.1 -3.8 (-0.13%)
39.7 5.31 (15.44%)
Today’s highlights: Bitcoin crosses $5,600
Bitcoin continues to climb: While the majority of the crypto market was seen lower over the past 24 hours, with 8 of the top 10 registering losses, Bitcoin remained on its positive trajectory. The world’s largest crypto was up around 1.4% at the time of writing, climbing above the $5,600 mark.
Asian markets seen lower: After initially following Wall Street’s lead, markets in the East reverted to losses later in the day, as the JPN225, and HKG50 indices were both seen lower at the time of writing, while the China50 was nearly flat.
Rate decision expected in Canada: The Bank of Canada will be announcing its rate decision today at 14:00 GMT, followed by a press conference with Governor Stephen Poloz at 15:15 GMT. The announcement and Poloz’s words could generate volatility for the CAD.
Oil falls off yearly highs: After the US waived all exemptions given to importers of Iranian oil, the black gold reached its highest price levels of the year yesterday. However, reports of a well-supplied market weighed on prices, pushing them away from their 2019 highs.
Cyber defense firms report earnings: Defense giant Lockheed Martin reported its earnings yesterday, showing strong performance and shooting its stock up 5.6%. Tomorrow, another major defense company, Raytheon, will also be reporting its earnings. Both companies are very active in the cybersecurity industry, which you can invest in through the CyberSecurity CopyPortfolio on eToro.
Australia and New Zealand banks closed today: In observance of Anzac Day, banks in both Australia and New Zealand will be closed, resulting in lower liquidity and volatility for the AUD and NZD currencies.
Europe opens lower: The UK100 opened 20 points lower, the GER30 was down 32 points and the FRA40 opened 11 points lower.
5608.57 43.49 (0.78%)
65.95 -0.15 (-0.23%)
LMTLockheed Martin Corporation
332.21 16.95 (5.38%)
Stocks earnings releases on 24/04/2019
Stocks earnings releases on 25/04/2019
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.