Market Update: Dow Jones Ends In Green. Investors Focusing On Earnings Season

April 24, 2019 07:23 PM AEST | By Team Kalkine Media
 Market Update: Dow Jones Ends In Green. Investors Focusing On Earnings Season

The market participants are aware that, in the present scenario, the US markets are getting influenced by the earnings season which is ongoing. Generally, the earnings report of the companies also includes some information about the outlook which gives the broader picture to the investors as to how the company would be performing in the near future and what macro-economic factors could influence its performance. Generally, the companies give outlook after considering the broader economic environment and the macro-economic fundamentals. Also, the investors need to closely track the news related to the geopolitical worries as these factors also influence the broader momentum of the equity markets.

Talking about the companies which would be releasing their earnings report soon, The Carlyle Group L.P. would be coming out with its earnings on May 1, 2019. Its competitor, Apollo Global Management, LLC, would be releasing the earnings report on May 2, 2019. Yesterday (i.e. April 23, 2019), Dow Jones Industrial Average ended the session in green as the index got wrapped up at 26,656.39 which implies a rise of 145.34 points or 0.55% on an intraday basis. Also, S&P 500 Index got closed at 2,933.68 which reflects the rise of 25.71 points or 0.88%.

Oil Prices Might Be Sensitive Global Macro Factors

The oil prices might remain sensitive to the global macro-economic factors and to the overall health of the global economy. If the disturbances occur in global economy, it might affect the movement of the oil prices. Also, the disturbances might weigh over the oil demand which, in turn, would influence the movement of oil prices. Another factor which affects the oil prices is movement of the global equity markets.

Australian Markets Ends in Green: S&P/ASX200 Wraps Up at 6382.1

The Australian markets closed the session in green as S&P/ASX200 got ended at 6,382.1 which implies a rise of 62.7 points or 1.0% on an intraday basis. Today (i.e. April 24, 2019), S&P/ASX 200 Financials (Sector) ended in green as it witnessed the rise of 1.26%. Also, today the big names in the banking industry of Australia closed the session in green as the stock prices of Westpac Banking Corporation (ASX: WBC), Commonwealth Bank of Australia (ASX: CBA), Australia and New Zealand Banking Group Limited (ASX: ANZ) and National Australia Bank Limited (ASX: NAB) closed their day by rising 1.546%, 1.294%, 0.997% and 1.183%, respectively.

On the other hand, New Hope Corporation Limited (ASX: NHC) and Iluka Resources Limited (ASX: ILU) ended the session in red as their stock prices got closed by falling 4.514% and 3.888%, respectively. We would now be looking at some of the important news. Constellation Resources Limited (ASX: CR1) came forward and released its quarterly report for the March 2019. In order to read the entire news about this, please click here. Also, Mineral Resources Limited (ASX: MIN) has wrapped up the offering of US$700 million senior secured notes. To read the news about this, please click here. Northern Star Resources Limited (ASX: NST) released activities report for the March 2019 quarter. To read the news, please click here.

Dividend Stocks To Buy

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