Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Companies Reveal Earnings, Volatility Predicted in Financial Markets

Published 26/01/2023, 12:21
Updated 28/07/2023, 11:55

Wall Street ended almost flat on Wednesday

Among the big three US indexes, only the Dow Jones reported gains yesterday.

The S&P 500 closed at -0.02%, the Nasdaq ended the trading session at -0.18% and the Dow Jones closed at +0.03%.

Investors sentiment remains bullish as indicated in the graph below:

Sentiment indicator - Fear & Greed Index


The market sentiment is at 64 in the “Greed” mode.

One month ago the market sentiment was in "Fear" mode.

Earning season

The most important event of this week is the quarterly earnings reports of the big companies.

Tesla reported yesterday, a record-high revenue in the last quarter of 2022.

The company's revenue for Q4 was $24.32 billion and a better-than-expected profit of $1.19 per share.

Elon Musk-owned Tesla said that the production is on track to deliver 37% more vehicles.

Today's data to watch

Visa (NYSE:V), Mastercard (NYSE:MA), Intel (NASDAQ:INTC) and American Airlines (NASDAQ:AAL), among others, are expected to publish their earnings reports in the US.

Today at 13:30 GMT will be released the U.S. gross domestic product data which is expected to be at 2.6%.

At the same time will also be released the durable goods orders for the month of December and weekly initial jobless claims data.

Financial markets are going to be impacted today so there will be volatility.

Follow me

If you find my analysis useful, and you want to receive updates when I publish them in real-time, click on the FOLLOW button on my profile!

Latest comments

salman Yasin
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.