Featured News– Page 20 of 60

Dow Jones futures pointed upwards on Monday morning as investors braced for more corporate earnings from the United States. Futures tied to the Dow were up by 156 points and were trading at $29,793. Similarly, the SPDR Dow Jones ETF (DIA), Nasdaq 100, S&P 500 futures also bounced back on Monday. Globally, the Hang Seng, Shanghai, and DAX indices also tilted higher. Earnings dump ahead The Dow Jones index will be in the spotlight as a number of important companies are set to publish their results. This follows the release of earnings by Dow Jones constituents like JP Morgan and UnitedHealth last week. JP Morgan said that its revenue of rose to $33.49 billion which was better than the median estimate of $32.1 billion. Its earnings per share of $3.12 was also better than what analysts were expecting. Wells Fargo stock price climbed after the company’s revenue jumped to $19.51 billion. The company’s results were hurt by loss provisions and a 52% slump of home lending. On Monday, the Dow Jones index will react to results by companies like Bank of America, Bank of New York Mellon, and Charles Schwab. Other important companies that will publish their results this week are Lockheed Martin, Johnson & Johnson, State Street, Netflix, Tesla, Northern Trust, and Abbott Laboratories. Bank of New York, which was started by Alexander Hamilton, is America’s oldest bank. It is also the biggest custody bank in the world, where it competes with Northern Trust and State Street. Analysts will watch Netflix earnings for any signs that its business was starting to grow again. The Dow Jones index futures tilted upwards as the fear and greed index remained in the extreme fear level while the VIX index dropped by more than 1%. Dow Jones index forecast With the Dow Jones index down by more than 20% this year, some investors are wondering whether its time to buy the dip. Besides, a closer look at the daily chart shows that it has formed a small double-bottom pattern at $28,709. In price action analysis, this pattern is usually a bullish sign. Still, the Dow Jones remains below all moving averages and the important support level at $30,220. Therefore, the index will likely remain under pressure until it moves above the 50-day moving average. As such, it is a bit early to buy the dip. If this happens, the next key level to watch will be at last week’s low at $28,709. A move above the resistance point at $31,000 will invalidate the bearish view.

Featured

Dow Jones Forecast: Is it Time to Buy the DIA Dip?

Gold Price Forecast: XAU/USD Stung as Inflation Hedge Thesis Falter

AGIX Price Prediction as SingularityNET Spikes Ahead of Rare Bloom

SUSHI Price Predictions: Can These SushiSwap Gains Hold?

BP Share Price: Still Cheap and a 4.81% Dividend Yield

Russell 2000 At Risk as the Fear and Greed Index Slips

Gold Price Prediction: Plot Thickens Ahead of US CPI Data

Casper Network Price Prediction: Is CSPR Still a Good Buy?

Pro: Hang Seng Index is an Outright Buy for the Brave

AMD Share Price Has Plunged by 60% YTD. What Now?

Centrica Share Price Forecast: The Plot Thickens for CNA

DAX Index Outlook: Is the Meltdown of German Stocks Over?