Weekly Stock Market Update Markets Enter Turning Point While US Stimulus Uncertainty Continues

The markets started strongly this week before pulling back, as we saw the NASDAQ fall for four consecutive days. Tech stocks Amazon, Salesforce and Shopify took advantage of the retreat to carve out new handles on their bases and provide lower buy points, with other companies such as Apple and Microsoft expected to follow suit.  A mixed set of corporate earnings reports has done little to improve sentiments with several of the big banks releasing lessthanexpected results with Wells Fargo WFC seeing a decline in profit and Bank of America posting a drop in revenue and weaker sales than peers JPMorgan Chase JPM and Citigroup C. The news for the big banks was not all bad, however, as Goldman Sachs broke from this trend and delivered profit that doubled last years figures off the back of strong fixedincome trading and asset management revenue.


Please enter your comment!
Please enter your name here

Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.

Please Enter Your Email Address:

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!


Wombat’s deadly bums: how they use their ‘skull-crushing’ rumps to fight, play and flirt

Australia is known for its strange and deadly wildlife, with plenty of attention given to venomous snakes and bird-eating spiders. But it seems one...

Happy Fathers Day!

Today people all around Brazil celebrate Father's Day - the day dedicated to the fathers who are always there, the silent protectors and guardians...

Netflix tumbles after hours as markets dip on China worries

Netflix tumbled after hours last night and US markets dipped following the momentous sell-off in Chinese equities this week. Netflix, which has seen its...

Russian supertrawlers off Scottish coast spark fears for UK marine life

A fleet of Russian supertrawlers has been spotted fishing off the coast of Scotland in a protected area, raising concerns by environmentalists over the...

From farm to factory: the unstoppable rise of American chicken

A century ago, Americans would not recognise our modern hunger for chicken. The year-long market for tender but relatively bland chicken meat is a...