Dow Jones, Nasdaq, S&P 500 weekly preview: Testing key support ahead of Big Tech earnings

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Dow Jones, Nasdaq, S&P 500 weekly preview: Testing key support ahead of Big Tech earnings

At the start of the new trading week, major technology stocks are falling, also driving the U.S. equity futures lower, as the lost as much as 2.4% last week. The index is now testing the key near-term support in the range of 4180-4200. A break of this zone would mark a major bearish development that could take the S&P 500 below 4000 in the coming months.

“The bears won the week on a variety of fronts, including geopolitics , rates , the trajectory of underlying growth , and earnings ,” analysts at Vital Knowledge said on Friday.As of Q3 2023, with 17% of S&P 500 companies having reported actual results, 73% of them have exceeded their earnings per share expectations, and 66% have surpassed revenue expectations, according to FactSet. The S&P 500 is currently experiencing a blended YoY earnings decline of -0.4%.

RBC’s analysts: “October can be a tough month for stocks, but more often than not tends to see the S&P 500 rise. Unfortunately, as of mid October of 2023, US equities are still in a spooky place.”

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 450. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Nasdaq 100, S&P 500 Weekly Forecast: Alphabet, Microsoft and Amazon Earnings EyedCorporate earnings from tech mega-caps Alphabet, Microsoft, and Amazon could guide market sentiment and set the trading tone for the S&P 500 and Nasdaq 100 in the coming week.
مصدر: DailyFX - 🏆 305. / 63 اقرأ أكثر »