Stock Market

Watch this video for insights on the streaming giant’s upcoming quarterly results, which are expected on Tuesday April 18th after US markets close

The index had a volatile Wednesday as markets digested the CPI report, ending the day lower after the Fed minutes showed that the bank’s staff expects recession this year

Watch this video for a preview of the latest earnings season that gets underway this week in the United States, against a highly uncertain backdrop in the aftermath of the recent banking turmoil

Take a look at some corporations that will be on our focus over the coming months, as the second quarter and the new earnings season get underway against a highly uncertain backdrop, due to the recent banking turmoil

The NAS100 weekly has charted a series of higher troughs (HT) followed by higher peaks. Trendlines are instructive in terms of measuring momentum. In this regard, the trendline gradient has shifted up from green to orange. I.e., the momentum of the NAS100’s trend has accelerated. The RSI indicator is above 50 (green rectangle). The longer it maintains on the bullish side of 50, the higher the likelihood of further price…

Take a look at some corporations that will be on our focus over the coming months, as the second quarter and the new earnings season get underway against a highly uncertain backdrop, due to the recent banking turmoil

Shares are declining to end a volatile week with further losses, as concerns over the health of banks intensified due to a decline in Deutsche Bank's stock. At the open, the Dow Jones Industrial Average dropped 0.5%, with the S&P 500 and the Nasdaq Composite falling 0.6%. Despite Friday's losses, the indexes were expected to finish the week with gains. However, investors remained wary due to the surge in the…

The US30 closed higher yesterday as a syndicate of banks threw First Republic a lifeline. Four major US banks, Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, will each make a $5 billion uninsured deposit into First Republic Bank as part of a $30 billion backstop by 11 banks to support the banking industry. First Republic's stock fell by 14.7% in after-hours trading after the bank disclosed that it…

A calm has been restored to the market following the failure of SVB. The key event for today will be retail sales, out at 12:30 PM GMT. Traders will also be interested in the PPI data released at the same time. Yesterday’s CPI came in at 6% y/y, which was lower than the previous 6.4% y/y. Barring any surprises, the market expects the Fed to hike by 25 bps on…

Regarding the weekly time frame, the NAS100 has charted a higher trough, followed by a higher peak. This is an uptrend. The index has pulled back over the past weeks but now finds itself at resistance turned support.