US stock markets experienced another mixed trading day yesterday as investors braced for big tech firms earning reports. Tech stocks had been well bid during the day and investors were rewarded after the bell with a strong result from Alphabet, which beat quarterly sales estimates. US treasury yields dipped after hitting fresh 4-month highs and…
Meta Platforms (META) has earnings released this week after Wednesday’s market close as it trades near the all-time high. META – Daily Chart The price of META is close to the all-time high set around the $600 level in October. Support comes in at $542.70 and $531.90. The Meta release is also important as it…
Microsoft (MSFT) shares are in focus as the company is the latest tech giant to release its earnings report. MSFT – Daily Chart The price of MSFT is testing the $430 level and that has been a pivot area for the stock since March. A strong earnings report could see the price jump above that…
Chipmaker Advanced Micro Devices (NYSE:AMD) will release its third quarter earnings in a busy week for US company financial updates. AMD – Daily Chart The price of AMD has rallied from an August low and a recent sell-off has seen a weak four day bounce. Upside resistance is at $175 with $150 being a key…
Alphabet (NYSE:GOOG), the parent company of Google, releases its third quarter earnings on Tuesday. GOOG – Daily Chart The price of GOOG has touched the upside resistance on Monday and a strong earnings report could see it leap above that level. There is a cluster of recent support ahead of $160. The key focus again…
The EURUSD exchange rate has US and European economic growth data on Wednesday and should have volatility for traders. EURUSD – Daily Chart The EURUSD has slumped since September and now trades at the 1.07935 level. This could provide a bounce in the price with further support below the 1.0700 level. The euro has slumped from the…
Tesla (NYSE: TSLA) has mounted a two-day rally following its better-than-expected earnings release. TSLA – Daily Chart The price of TSLA rose sharply on Thursday after the post-market earnings release a day before. The resistance at $265 has been surpassed, and another target at the July 2023 high is around $300. Tesla’s earnings provided positive commentary for…
US Stock markets experienced another mixed day on Friday as investors weighed up a huge couple of weeks ahead for global markets. Stocks ultimately finished the week lower as concerns over the pending US election result increased while treasury yields, and the dollar pushed higher. Oil prices jumped on increased concerns on the conflict in…
On Thursday, the Nasdaq and the S&P 500 experienced gains, driven by Tesla’s positive earnings forecast and a decline in Treasury yields from a three-month peak. Despite declines from some corporate results, these factors buoyed market sentiment. (NASDAQ:TSLA)Tesla shares surged by 21.9%, poised to increase its market capitalization by over $140 billion. This followed the…
US stock markets experienced a mixed trading day yesterday as tech stocks drove higher on some positive earnings results, led by Tesla which jumped 22% but other sectors fell, pulling the Dow down on the day. Treasury yields dropped off of recent multi-month highs as did the dollar, which saw some substantial losses on the…
