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Uma Murthy M.B.A., Ph.D Registerd
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TODAYS NEWS FOR 04-22-2019
ed as the busiest week of earnings season kicks off
Pay close attention to margins, strategist says
Stocks were little changed
on Monday as Wall Street braced for the busiest week of the earnings season.
The Dow Jones Industrial
Average fell 44 points, while declines in the materials and real estate
sectors kept the S&P 500 trading
flat. The Nasdaq Composite was
also trading around breakeven.
Boeing contributed the most to the Dow’s
losses, falling 0.9% after The
New York Times reported that workers at the company’s 787 jet plant have
complained about shoddy production and bad safety practices.
More than 140
S&P 500 companies are scheduled to release their quarterly results this week,
including Coca Cola, Procter
& Gamble, United
Technologies, Verizon, Twitter, Lockheed
Martin and eBay. Facebook, Microsoft and Tesla
Motors are also set to report later this week.
Asia markets mixed; oil prices surge on report that US is set to end Iran
sanctions waivers
Stocks in Asia were mixed.
Crude prices surged on a
report that the U.S. will cease to grant sanctions waivers to countries that
import oil from Iran.
Meanwhile, major oil producer Libya’s capital Tripoli
was hit by a series of airstrikes and explosions over the weekend.
European stocks close higher as investors shrug off weak data, look to strong
earnings
European stocks closed higher on the final day of a shortened
trading week, as investors looked past weak euro zone data to fresh corporate
earnings.
The pan-European STOXX
600 closed provisionally up almost 0.2%, with sectors and major bourses
largely in positive territory.
Equities initially turned negative after the
release of weak manufacturing PMI numbers out of France and Germany. German
manufacturing data came in below expectations, while France’s data also showed a
decline in output.
PMI data for the euro zone came also came in below
forecasts, stoking concerns of a slowdown in the region. The euro fell to a
one-week low against the dollar after the figures were released.
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