Wall Street ends higher as NSDQ100 hits new record
US markets finished another positive session yesterday, including a spike of nearly 1.4% from the DJ30. The SPX500 and NSDQ100 also registered gains, with the latter recording another all-time high. The rally was led by strong gains of 8.8% from Disney, following its positive earnings report the day before. This morning, Wall Street seems to be headed for a muted opening, as futures indicate that leading indices will open flat.
Today’s highlights: Airlines show strong gains
- Airlines lift off: Following reports that the next US stimulus package could include relief for airlines, several stocks from the sector registered impressive gains, including American Airlines (+9.5%), United Continental (+4.5%), Southwest Airlines (+4.2%), Spirit (+3.94%) and Delta (+3.1%). On eToro, investors can gain exposure to the travel and leisure industry through the TravelKit CopyPortfolio.
- LivePerson jumps on earnings: The customer support solutions provider yesterday released its quarterly earnings report, showing better-than-expected results. Following the release, the LPSN stock jumped more than 21% to close at an all-time high. For the most recent and significant price movements in markets, check out the Market Movers page on eToro.
- Governor Bailey to speak today: After announcing its latest rate decision and monetary policy statement earlier this morning, Bank of England Governor Andrew Bailey will hold a press conference to discuss the announcements. Bailey’s words could generate volatility for the GBP and other key financial instruments in the UK.
Stocks earnings releases on 06/08/2020
Stocks earnings releases on 07/08/2020
Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar.