Market Update: Dow Jones Ended Yesterday’s Session In Red Investors Need To Focus On Earnings

4 min read | April 09, 2019 06:03 PM AEST | By Team Kalkine Media

As the market players are already aware, the global equity markets are sensitive to several factors like health of the overall economy, geopolitical worries as well as corporate earnings. The global market participants are tracking the news associated with trade battle between the US and China very closely as it has the potential to significantly influence the broader momentum of equity markets. The settlement of battle can have a significant positive impact on the broader equity markets and can also help in improving the confidence of investors. It is important to note that, apart from the news about a trade dispute, the investors should also keep an eye on the corporate earnings which would be commencing soon.

The earnings season can also affect the momentum of the equity markets. The focus should primarily be on the outlook which would be provided by the particular company when they report their results for the three months ended March 2019. Yesterday (i.e., April 8, 2019), Dow Jones Industrial Average closed the session in red as the index got closed at 26,341.02 which implies a fall of 83.97 points or 0.32% on an intraday basis. However, S&P 500 Index ended yesterday’s session in green as the index got closed at 2,895.77 which reflects a marginal rise of 3.03 points or 0.10%.

Oil Prices Are Being Affected by Several Factors

The oil prices, generally, gets affected by macro-economic factors, movement in the stock markets and overall health of the global economy. If the trade battle settles down, it could help in reducing the fears of global economic slowdown and this might affect the oil prices. When there are fears of the global downturn, the oil demand comes into question.

Australian Markets Wraps Up The Session in Green: S&P/ASX200 Witnessed Marginal Rise

Today (i.e. April 9, 2019), the Australian markets closed the session in green as S&P/ASX200 ends the session at 6221.8 which implies a marginal rise of 0.4 points. Moving forward, the equity markets in Australia might get affected by momentum in the global markets and the news related to the trade war between the US and China. However, the settlement of trade dispute is expected to positively impact the broader Australian markets. We would now have a look at the performance of stocks. Crown Resorts Limited (ASX: CWN) and The Star Entertainment Group Limited (ASX: SGR) closed the session in green as the prices have increased 19.719% and 5.542%, respectively on an intraday basis.

On the other hand, Pilbara Minerals Limited (ASX: PLS) and Syrah Resources Limited (ASX: SYR) have closed the session in red as the stock prices have witnessed the fall of 4.762% and 3.065%, respectively. Lake Resources N.L. (ASX: LKE) came forward and made an announcement that they have raised A$1 million with the help of placement. To read the news, please click here. Also, Family Insights Group Limited (ASX: FAM) had updated on the operations, products and appointment of CDO. To read the news, please click here.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

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.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.