{"id":140575,"date":"2019-01-24T06:24:44","date_gmt":"2019-01-24T11:24:44","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140575"},"modified":"2019-01-24T06:24:44","modified_gmt":"2019-01-24T11:24:44","slug":"upbeat-earnings-support-us-stocks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/upbeat-earnings-support-us-stocks\/","title":{"rendered":"Upbeat earnings support US stocks"},"content":{"rendered":"
January 24, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Blue chip shares lead US equities higher<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> resumed advancing on Wednesday led by blue chip shares after upbeat earnings reports. The S&P 500<\/a> gained 0.2% to 2638.70. The Dow Jones <\/em> industrial average advanced 0.7% to 24575.62. Nasdaq <\/em> composite index added 0.1% to 7025.77. The dollar weakening accelreated: the live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, lost 0.2% to 96.10 but is higher currently. Futures on three main US stock indices point to mixed openings today.<\/p>\n

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FTSE 100 still loss leader among European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> edged lower on Wednesday led by retail shares. EUR\/USD <\/em> joined GBP\/USD\u2019s<\/em> accelerated climb ahead of the European Central Bank meeting today with Pound lower currently while euro inching higher. The Stoxx Europe 600 closed 0.1% lower. Germany\u2019s DAX 30 <\/em> slipped 0.2% to 11071.54, France\u2019s CAC 40<\/em> slid 0.2% and UK\u2019s FTSE 100 <\/em> lost 0.9% to 6842.88.<\/p>\n

\"GB100<\/p>\n

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Nikkei slips while other Asian indices gain<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today after a rebound on Wall Street overnight. Nikkei <\/em> slipped 0.1% to 20574.63 as yen slide against the dollar persisted after data showed manufacturing slowed in January. China\u2019s stocks are gaining despite reports President Donald Trump won\u2019t agree to any deal with China unless Beijing agrees to make substantive changes to the way it does business: the Shanghai Composite Index <\/em> is up 0.4% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.3% higher. Australia\u2019s All Ordinaries Index extended gains 0.4% as the Australian dollar turned lower against the greenback.<\/p>\n

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Brent <\/a> down<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending losses today while possible US oil sanctions on Venezuela provide support. The American Petroleum Institute industry group reported late Wednesday US crude supplies rose by about 6.6 million barrels last week. Prices ended lower yesterday: March Brent crude fell 0.6% to $61.14 a barrel on Wednesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/p>\n

\nMarket Analysis provided by IFCMarkets<\/a><\/p>

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Blue chip shares lead US equities higher US stock market resumed advancing on Wednesday led by blue chip shares after upbeat earnings reports. The S&P 500 gained 0.2% to 2638.70. The Dow Jones industrial average advanced 0.7% to 24575.62. Nasdaq composite index added 0.1% to 7025.77. The dollar weakening accelreated: the live dollar […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-140575","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=140575"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140575\/revisions"}],"predecessor-version":[{"id":140577,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140575\/revisions\/140577"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}