Contact Us

Client Login
News

S&P records all-time high, market wraps on positive note, contracts decline

The release of Q1 earnings of companies such as Facebook (FB) and Apple (AAPL) supported the movements in the market, showing strong earnings results across the major indexes.

Stock futures, on the other hand, opened lower on Thursday evening following the strong performance of the indexes the same day. All three major index’s futures fell back ranging from 0.19% to as high as 0.35%.

Shares of Twitter (TWTR) was cut down hard after investors felt disappointed with the results of the Q2 revenue guidance report that was released, falling short from expectations. The investors felt that the company’s ad sales could have matched competitor trends such as Snap (SNAP) and Facebook (FB).

Meanwhile, Amazon (AMZN) shares skyrocketed in the late trading after Q1 earnings report came out strong, along with their Q2 guidance report that goes beyond expectations.

The reason for being is that online shopping, despite economic recovery and in-person business re-opening, is still booming. Overall, two-thirds of the companies under S&P have shared their results with 84% of them topping expectations.

Though there are still concerns about inflation and tax hikes, investors are now less affected. Market data shows that the Dow gained more than 200 points which brought them back to the 34,000 mark. NASDAQ got more than 30 points increase, while S&P jumped by almost 30 points, landing a new record high. Here’s how today’s market movement looks like:

– NASDAQ Composite Index stepped up to 14,083 after gaining 0.22% or 31.52 points
–  The Dow Jones Industrial Average closed at 34,060 and increased by 0.71% or 239.98 points
– S&P 500 Index jumped 0.68% or 28.29 points and wrapped at 4,211
–  U.S. 10 Year Treasury yield gained 1 basis point to 1.64%
– Gold slipped by 0.1% and now at $1,769.55 an ounce
– West Texas Intermediate crude slightly down by 1% at $64.37 per barrel

As more investors are eyeing the positivity of Cryptocurrencies, the digital market is again gaining momentum as of today, April 29th. We got the 5 main cryptocurrencies here, let’s take a look at the current movements:

– Bitcoin (BTC) – $54,508.85
– Etherium (ETH) – $2,784.97
– Ripple (XPR) – $1.53
– Bitcoin Cash (BCH) – $923.74
– LiteCoin (LTC) – $264.23

For now, browse and see more on Advisory Access Limited to know more about what we can offer for your financial needs.

Leave a Reply

Your email address will not be published. Required fields are marked *

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from Youtube
Vimeo
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Spotify
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound
Client Login