Wall Street retracts from all-time highs
The significant increase in coronavirus cases in China yesterday took a toll on Wall Street, as the DJ30, SPX500 and NSDQ100 all closed lower. However, some stocks kept their positive momentum and added to their all-time highs, including AMD, Applied Materials, Coca-Cola and PepsiCo.
Today’s highlights: China to reduce tariffs today
- Asian markets mostly higher: Despite the increase in coronavirus cases, markets in the East showed a recovery this morning, as both the China50 and HKG50 indices were higher at the time of writing. Markets were lifted by expectations of tariff cuts by China on $75 billion in US imports coming into effect today.
- Stocks climb after hours: Three major companies that shared earnings reports yesterday after the bell, NVIDIA, Roku and Expedia, showed better-than-expected results. Their respective stocks jumped 6%, 5% and 10% in after-hours trading. To follow recent and significant price movements, go to the Market Movers page on eToro.
Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.