Hey Global Investor! Here’s what you need to know before the US markets open.
Market Snapshot 📈
S&P 500 (Monday’s Close) 4,486.46 +15.09 (0.34%)
NASDAQ (Monday’s Close) 15,021.81 +124.47 (0.84%)
FTSE 100 (4:30 PM IST) 7,209.04 +5.21 (0.07%)
NIFTY 50 (Today’s Close) 18,418.75 -58.30 (0.32%)
USDINR (Today’s Close) 75.06 (1 Year -0.14%)
🔥 Top Movers
Trouble: Five US lawmakers accuse Amazon of possibly lying to Congress following Reuters report (AMZN +1.11%)
Product: Apple doubles down on chip strategy with new premium-priced MacBooks (AAPL +1.18%)
Challenge: Alibaba unveils custom ARM-based server chip for cloud computing data centers (BABA -0.68%)
Later Today 🕒
Netflix Inc. Earnings (NFLX)
Johnson & Johnson Earnings (JNJ)
Proctor & Gamble Co. Earnings (PG)
Philip Morris Inc. Earnings (PM)
Intuitive Surgical Inc. Earnings (ISRG)
Canadian National Railway Co. Earnings (CN)
Bank of New York Mellon Earnings (BK)
Travelers Companies Inc. Earnings (TRV)
Kansas City Southern Earnings (KSU)
Dover Corp. Earnings (DOV)
Signature Bank Earnings (SBNY)
Omnicom Group Inc. Earnings (OMC)
Cree Inc. Earnings (WOLF)
Interactive Brokers Group Inc. Earnings (IBKR)
ManpowerGroup Inc. Earnings (MAN)
Today’s Market Terminology: Retracement
A retracement refers to the temporary reversal of an overarching trend in a stock’s price. Distinct from a reversal, retracements are short-term periods of movement against a trend, followed by a return to the previous trend
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