US stock market rally continues on strong earnings reports
All three US benchmarks finished higher on Wednesday with both the Dow Jones and S&P 500 up 0.8% as earnings season kicked up another gear.
Netflix Inc (NASDAQ: NFLX) is the world’s leading streaming entertainment service, allowing subscribers to watch a wide range of movies and TV shows on-demand for a monthly fee. Netflix’s history dates back to 1997 and its phenomenal rise in the years since has led to its inclusion in the infamous FAANG group of tech stocks.
All three US benchmarks finished higher on Wednesday with both the Dow Jones and S&P 500 up 0.8% as earnings season kicked up another gear.
US stock markets staged a strong recovery overnight, the Dow Jones up 1.5% and both the S&P 500 and Nasdaq moving 1.6% higher.
The value trade continued at full steam overnight, with the Dow Jones jumping 1.8% on little news. Netflix (NASDAQ:NFLX) is making headlines.
US stock markets ended the week on a negative note, with all three indices ending in the red. Despite the weakness, big tech is outperforming.
Are FAANG stocks like Facebook Inc (NASDAQ: FB), Apple Inc (NASDAQ: AAPL), Amazon Inc (NASDAQ: AMZN), Netflix Inc (NASDAQ: NFLX) and Google/Alphabet Inc (NASDAQ: GOOGL) better than Australia’s blue-chip shares like Commonwealth Bank of Australia (ASX: CBA) and Telstra Ltd (ASX: TLS)?
The ASX 200 (ASX: XJO) capped off another positive day on Thursday despite a fall in the oil price sending the entire sector down 1.1%. On Friday, the ASX 200 is tipped to open modestly higher at the open, with Woolworths Ltd (ASX: WOW) in focus.
The S&P/ASX 200 (ASX: XJO) fell throughout the ASX share trading day on Monday, despite a positive open, finishing 0.1% higher as dip buyers emerged following last week’s unexpected sell-off. Today, the ASX 200 is expected to open slightly higher today according to SPI Futures.
US markets finished the week strongly on the back of great economic data. SVB Financial (NASDAQ:SVIB) and American Express (NYSE:AMEX) are in the news.
US stock markets fell across the board overnight. Intel (NYSE:INTC) and AT&T (NYSE:T) shares are making headlines.
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