US Open – 17 November 2022 (Video)
Fed-speak, economic data, UK’s economic plan and more news were in focus, during today’s US Open
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Fed-speak, economic data, UK’s economic plan and more news were in focus, during today’s US Open
The German Index loses steam after its six-week rally and consolidates its gains, as today’s Eurozone inflation report does not help it find direction
The US index lacks firm direction today as recent geopolitical fears ease and markets assess strong retail sales from the US and a poor quarterly report from retail giant Target
The Walt Disney Company reported its latest quarterly results, which revealed that its gap over Netflix on paid subscribers broadened, but its top and bottom lines were a source of disappointment
The social media giant registered a slide in both its top and bottom lines during the third quarter, while the segment responsible for delivering the Metaverse posted another loss
The tech-heavy index remains upbeat after last week’s surge, as investors prepare for earnings releases, frpm tech mega-caps, such as Alphabet, Microsoft, Meta Platforms, Amazon and Apple
Since Friday (black dashed vertical), US 10-year real rate (top candlestick chart) has declined. At the same time, the US30 (bottom candlestick chart) has appreciated. The two have a correlation coefficient of -65%, reinforcing the inverse relationship.
The earnings season picked up this week of October 17-21, with Tesla, Netflix and Snap standing out, ahead of more Tech heavyweights next week
The leader of the Electric Vehicle (EV) market announced overall strong financial results for the third quarter of the year, after the US markets closed on Wednesday
The tech-heavy index started the week on the offensive after the recent 2+ year lows, but slides today, unable to benefit from the solid quarterly results by streaming giant Netflix
After a dismal first half of the year, the streaming giant staged an impressive turnaround, adding almost 2.5 million new subscribers during the third quarter, as per Tuesday’s earnings report
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