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S&P 500 closes 0.6% shy of all-time high:
The positive momentum on Wall Street continued yesterday, as the Dow Jones, Nasdaq and S&P 500 all closed higher. The S&P index is now just 0.6% away from its all-time high, reached last January. Nike closed 3% higher to record a new all-time high and Netflix climbed 3.5% after the company confirmed it is testing ads on its platform.
Today’s highlights: Will the S&P 500 reach a new all-time high?
- Bitcoin trading range tightens: Bitcoin has been trading in the past few days in tighter and tighter spreads – indicating it could break the stalemate in either direction any day now. Yesterday, Bitcoin failed to break resistance at $6500 and Ethereum failed to break $300, which caused a bearish retrace for all coins.
- Refreshing News: Pepsico announced yesterday it will acquire SodaStream for $3.2 billion, a move which will expand their business into the homemade-drinks industry.
- Volatility expected for NZD: The Quarterly Retail sales will be released in New Zealand tonight at 22:45 GMT, potentially generating volatility for the Kiwi Dollar.
- Oil And NATGAS traders, take note: Starting Wednesday, August 22nd, 2018, eToro will be updating the way rollover (overnight/weekend) fees are calculated for spot energy instruments (OIL and NATGAS). To read about how fees are calculated, please refer to this blog post. Please be aware that, as always, the update will affect open positions. Remember: Fees can change at any time, even on a daily basis, and without advanced notice. We recommend checking the eToro Fees Page periodically.
Stocks earnings releases on 21/08/2018
Stocks earnings releases on 22/08/2018
Earnings season continues: Clothing retail giant Urban Outfitters will be reporting its earnings today. To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.