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

  • Apr 09, 2019 AEST
  • Team Kalkine
Market Update: Dow Jones Ended Yesterday’s Session In Red Investors Need To Focus On Earnings

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.

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