News Formal

Nasdaq Set for Fresh Peak Before Big Tech Earnings: Markets Wrap

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 44 min. at publisher
  • 📊 Quality Score:
  • News: 161%
  • Publisher: 50%

Asia News

Pacific Rim,Top Asia,Pacific Rim

Most Asian shares were set to follow Wall Street higher as traders prepare for the US election and key economic data that will set the stage for the next Federal Reserve decision. Japan stocks may tread water as traders assess the political outlook.

Paul Hickey, co-founder of Bespoke Investment Group, explains the markets regained strength as non-Mag 7 stock outperform mega caps.

“We expect that investors will need to see bigger revenue and earnings surprises for the group to outperform,” according to Chris Senyek at Wolfe Research. “Our sense is a solid earnings season could once again put the group on a path to outperform into year-end.” Treasury 10-year yields advanced two basis points to 4.30%. A $44 billion sale of seven-year notes was strong, following a pair of weak auctions earlier this week. Bitcoin rallied past $72,000 for the first time since April.Apple Inc.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Nasdaq, S&P 500 step higher as Netflix jumps after earnings beatThe major gauges are on track for a sixth weekly win in a row after a strong start to earnings season.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow, S&P 500, Nasdaq slip after hotter-than-expected inflation printInvestors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nasdaq pops, Netflix stock soaring on Q3 earnings resultsThe Nasdaq Composite (^IXIC) pops at the start of Friday's session, shooting 0.5% higher while the Dow Jones Industrial Average (^DJI) falls into negative...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »