Dow Jones posts moderate gains as American Express’ earnings beat estimates
The post Dow Jones posts moderate gains as American Express’ earnings beat estimates appeared on BitcoinEthereumNews.com. Dow Jones gains on the back of bright earnings data from American Express. Geopolitical concerns have eased, but investors remain wary of risk. Dow Jones trend needs to break resistances at 38,105 and 38,531 to cancel the bearish bias. The Dow Jones Industrial Average (DJIA) is trading moderately higher on Friday with Wall Street indexes mixed on looming geopolitical concerns. American Express has shown better-than-expected revenue, net income, and EPS numbers boosting its yearly growth prospects and pushing the whole index higher News from an Israeli attack on Iran rattled markets earlier on Friday, although the Islamic Republic has downplayed the incident and showed no intention to retaliate. The US economic calendar is light today. Chicago Federal Reserve President Austan Goolsbee reiterated the lack of progress on inflation but showed confidence that core inflation will return to the 2% level. The Dow Jones irises 0.6% to 38,007, while the S&P 500 drops 0.45% to 4,987 and the NASDAQ dives 1.38% to 15,386. Dow Jones news A majority of the Wall Street sectors are posting gains with Energy stocks leading gains thanks to a 1.2% advance, followed by Utilities, up 1.2%. On the negative side, Communication Services drops 1.6%, and Technology is down 1.4%. American Express (AXP) rallies 5.5% to $229.37. Next is United Health Group (UNH) with a 2.7% gain to $506.21. On the losing end, Amazon (AMZN) drops 2.1% to $175.47, and Apple (AAPL) loses 1.1% to $165,06. Dow Jones technical outlook The DJIA is trimming some losses on Friday, although the broader bearish trend from March highs near 40,000 remains intact. The resistance area at 38,103 should be breached to ease downside pressure and clear the path toward 38,530. On the downside, the support level at 37,087 is the 38.2% Fibonacci retracement of the November-March rally and a previous support area. This…
The post Dow Jones posts moderate gains as American Express’ earnings beat estimates appeared on BitcoinEthereumNews.com.
Dow Jones gains on the back of bright earnings data from American Express. Geopolitical concerns have eased, but investors remain wary of risk. Dow Jones trend needs to break resistances at 38,105 and 38,531 to cancel the bearish bias. The Dow Jones Industrial Average (DJIA) is trading moderately higher on Friday with Wall Street indexes mixed on looming geopolitical concerns. American Express has shown better-than-expected revenue, net income, and EPS numbers boosting its yearly growth prospects and pushing the whole index higher News from an Israeli attack on Iran rattled markets earlier on Friday, although the Islamic Republic has downplayed the incident and showed no intention to retaliate. The US economic calendar is light today. Chicago Federal Reserve President Austan Goolsbee reiterated the lack of progress on inflation but showed confidence that core inflation will return to the 2% level. The Dow Jones irises 0.6% to 38,007, while the S&P 500 drops 0.45% to 4,987 and the NASDAQ dives 1.38% to 15,386. Dow Jones news A majority of the Wall Street sectors are posting gains with Energy stocks leading gains thanks to a 1.2% advance, followed by Utilities, up 1.2%. On the negative side, Communication Services drops 1.6%, and Technology is down 1.4%. American Express (AXP) rallies 5.5% to $229.37. Next is United Health Group (UNH) with a 2.7% gain to $506.21. On the losing end, Amazon (AMZN) drops 2.1% to $175.47, and Apple (AAPL) loses 1.1% to $165,06. Dow Jones technical outlook The DJIA is trimming some losses on Friday, although the broader bearish trend from March highs near 40,000 remains intact. The resistance area at 38,103 should be breached to ease downside pressure and clear the path toward 38,530. On the downside, the support level at 37,087 is the 38.2% Fibonacci retracement of the November-March rally and a previous support area. This…
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