What will happen? Intel, the US IT company, will present its earnings report for the second quarter on July 22 after the stock market closes (23:00 GMT+3)…
Will S&P 500 stop falling?
Information is not investment advice
S&P dropped to the one-month low amid the overall risk-off market sentiment. Indeed, everything is mixed up: rising new virus cases, the delay in the US stimulus package, no signs of soft Brexit, and the election uncertainty.
Hopes for the better-than-expected earnings reports of the four tech giants, Apple, Amazon, Facebook, and Google drove the stock index higher yesterday, but a 16% decline in iPhone sales pushed it deep down.
The risk-averse sentiment is likely to prevail during Friday, but perhaps US economic figures will change it. Follow US Personal Spending at 14:30 MT time, Chicago PMI at 15:00 MT time, and Revised Consumer Sentiment at 16:00 MT time!
The S&P 500 has moved below the lower trendline of the Bollinger Bands indicator on the daily chart, that’s why we can assume it should reverse now from the 78.6% Fibonacci retracement level of 3 270. The move above the 100-day moving average of 3 307 will drive the stock index to the 61.8% Fibonacci retracement level of 3 330. On the flip side, if it manages to break the support of 3 270, it may drop to the low of September 23 at 3 230.
What will happen? Twitter, the US IT company, will present its earnings report for the second quarter on July 22 after the stock market closes (23:00 GMT+3)…
EV’s market is going to explode in the 2020s By the end of 2020, there were 10 million electric cars registered in the world…
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.