Wall Street set for opening surge
After being closed yesterday, US markets are set to open significantly higher this morning, as futures suggest a 400-point jump by the DJ30 when markets open. The surge is attributed to hopes of a coronavirus vaccine being developed. On Friday, markets closed little-changed, as the DJ30 registered slight losses, while the SPX500 and NSDQ100 finished in the green. Several stocks hit all-time highs, including NVIDIA, Shopify and Lululemon.
Today’s highlights: Global markets seen higher
- Invest in the future of Chinese technology: As China continues to establish itself as a global technology leader, eToro has launched the ChinaTech CopyPortfolio, which gives investors exposure to the largest tech companies operating in the country. To read more about the future of Chinese tech, check out this blog post.
- Volatility expected for NZD and CAD: Bank of Canada Governor Stephen Poloz will be testifying before the Canadian Senate at 22:00 GMT. At the same time, the Reserve Bank of New Zealand will release its bi-annual Financial Stability Report. The testimony and release could impact the CAD and NZD, respectively.
Stocks earnings releases on 26/05/2020
Stocks earnings releases on 27/05/2020
Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar.