Dow Jones Ends Marginally Lower: Eyes On Earnings Season

It can be said that the investors are tracking global macro-economic news and the news associated with the trade battle and it also important for them to keep an eye on these factors as they are very crucial when it comes to the movement of the broader equity markets. However, it is important for the market players to now track earnings of the US companies. The earnings season is also very crucial as it also influences the movement of equity markets. The market players need to closely track the outlook which would be given by a particular when they report the earnings for the three months ended March 2019.

Talking about names of the companies, The Blackstone Group would be out with its earnings on April 18, 2019 while its competitor, The Carlyle Group, would be releasing their earnings report on May 1, 2019. Yesterday (i.e. April 11, 2019), the Dow Jones Industrial Average ended the session in red as the index witnessed a marginal decline of 14.11 points or 0.05% and stood at 26,143.05. On the other hand, S&P 500 Index ended in green as the index closed the session at 2,888.32 which implies a marginal rise of 0.11 points.

Oil Prices To Remain Sensitive To Macro-Economic News

The oil prices are very sensitive to the overall health of the global economy and the news about the trade battle between the US and China. However, these prices are also influenced by the news from OPEC. The settlement of trade battle can be considered as a primary factor which could reduce the worries about the global slowdown in the minds of investors. Also, there are expectations that OPEC might raise the production levels moving forward.

Australian Markets Ended in Green: S&P/ASX200 Ends By Rising 0.8%

The Australian markets mainly get influenced by the news about trade battle between the US and China and by the overall momentum of equity markets. If the worries about economic slowdown increases, it might negatively impact the Australian equity markets and the Australian investors might decide to liquidate their equity holdings. Today (i.e. April 12, 2019), the Australian markets ended in green as S&P/ASX200 got closed at 6,251.3 which implies a rise of 52.6 points or 0.8% on an intraday basis. Coming to the movement of stocks, Perpetual Limited (ASX: PPT) and CYBG PLC (ASX: CYB) have closed the session in green as their stock prices encountered the rise of 6.222% and 5.707%, respectively on an intraday basis.

Sponsored ad by Kalkine

On the other hand, the stocks like Syrah Resources Limited (ASX: SYR) and Saracen Mineral Holdings Limited (ASX: SAR) have wrapped up the session in red as their prices fell by 4.583% and 3.846%, respectively on an intra-day basis.

Redflow Limited (ASX: RFX) had come forward and published their investor presentation. In order to read the full news regarding this, please click here. Also, ReNu Energy Limited (ASX: RNE) had made an announcement that they would be raising ~$5.5 million for the renewable energy business expansion. To read the news, please click here.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report


Please enter your comment!
Please enter your name here