Wall Street closes lower on Apple’s revenue warning
US markets returned from the Holiday Weekend yesterday to the news that Apple will not meet its quarterly sales and production targets due to the coronavirus hurting factory activity in China. As a result, the AAPL stock declined more than 1.8%, dragging down both the DJ30 and SPX500 indices, while the NSDQ100 closed nearly flat. Several stocks hit new all-time highs, including AMD, NVIDIA and T-Mobile.
TMUST-Mobile US Inc
99.75 3.27 (3.39%)
Today’s highlights: Bitcoin hits $10,000
Bitcoin back over $10K: After taking a step back earlier this week, Bitcoin showed a recovery over the past 24 hours, climbing back over the $10,000 mark. Other cryptos remained in the green, as 8 other top 10 cryptocurrencies were seen higher at the time of writing.
Asian markets show recovery: As factory activity in China slowly returns to normal following the coronavirus shutdown, markets in the East were seen higher this morning. The JPN225, HKG50 and China50 indices were all in the green at the time of writing.
Fed minutes coming today: Minutes from the latest Federal Open Market Committee meeting will be released in the US at 19:00 GMT, potentially impacting main Wall Street indices.
Oil continues to climb: The black gold remained on its recent positive trajectory this morning, as oil prices returned to price levels not seen before the coronavirus outbreak.
Gold near 7-year high: The concerns surrounding Apple’s revenue warning, coupled with the uncertainty around the coronavirus, have put safe-haven assets in high demand, resulting in gold prices climbing above the $1,600 mark.
Tesla continues to race ahead: The electric carmaker has more than doubled in value this year, and yesterday, an analyst from Bernstein Research doubled his price target for the stock. As a result, the Tesla stock closed 7.3% higher yesterday. To follow recent and significant price movements, check out the Market Movers page.
Volatility expected for CAD: Monthly Consumer Price Index data will be released in Canada at 13:30 GMT, potentially generating volatility for the Canadian Dollar.
Europe opens higher: The UK100 opened 39 points higher, the GER30 was up 56 points and the FRA40 opened 31 points higher.
10057.35 -18.64 (-0.18%)
1604.51 3.63 (0.23%)
TSLATesla Motors, Inc.
857.64 57.61 (7.2%)
Stocks earnings releases on 19/02/2020
PBRPetroleo Brasileiro SA Petrobras
ETEnergy Transfer Equity LP
Stocks earnings releases on 20/02/2020
Earnings season continues: 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.
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