In anticipation of a positive earnings season which kicks in fully by Wednesday, major U.S stocks closed on a positive note on tuesday.
The earnings season is expected to give reliable hints on the health of American stocks.The Dow Jones for the 47th time made an astonishing close in appreciating beyond investors expectations.
Various market participants aired their views; Chief economic strategist at Capitol securities Management Inc., said ''should the FOMC minutes indicate a very positive outlook, market volatility might follow suite.
Michael matousek, chief trader at U.S global investors incorporated opined that Although the earnings season should be quite robust, no the likely hood of fireworks reactions is quite minimal, since most investors are adopting a wait and see approach for the earnings of such companies as facebook; which at present is 0.05%.
Major event risks for the week include the september FOMC minutes and Earnings report for the third quarter.
Shares to look out for include;
KAIVista pharmaceuticals incorporated which appreciated by 39% due to acquisition of the company's stock by Merck & co at a price of $8.50 per share.
Procter & Gamble which depreciated by -0.5%
Nividia corp. appreciated on introduction of a new product by 1.9%
Express Scripts.
Elsewhere in the markets, as of this moment, the dollar index depreciated by -0.48%
0.0076% against the GBPUSD
-0.06% against the yen
0.0169% against the EURUSD
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