This week has been special sensitive regarding the fate of the several market sectors, which in turn affect the major U.S indices, just like right now, the Dow Jones is barely hanging to a gain while the Nasdaq is closing in to a 1% upward move, due to better than expected results from Google and the 10% pop in its stock price, more than offsetting the -2% drop in Amazon, due to disappointing earnings.
Interestingly, looking at the big picture, the financial sector is now the biggest contributor for the positive surprises in the earnings front, even with lower net interest revenues arising from lower yields in the U.S treasury debt market. Energy and materials on the other hand have been the major draggers for a better overall earnings picture, but despite those negative nuances, expectations now point to a smaller -1.9% cut in profits, compared to the anticipated -3% drop at the beginning of the month.
Photo by Alexander Mils.
Marco Silva is a Financial Market Specialist with 20 years of experience, with transactions in 12 different countries, involving numerous financial instruments, Specialist in Technical Analysis, Capital Manager, Investment Advisor, Financial Hedging Operations and Algorithm trading developer. Economic Commentator TV and RTP Information for the Financial Markets, Responsible for the Department of Economy / Markets of TVL.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.