Market Wrap of the US trading session

01.08.2017 / 18:04

Rating:

The US markets are trading in a positive territory on the second day of the week following the positive sentiment of the European stock market.

Reporting season continues, stocks received support as 73% of S & P500 companies who submitted their reports has been above analysts' expectations. On the other hand, worse data for US ISM Manufacturing PMI has also supported the stocks.

DJIA is trading with an increase to new record highs today, currently trading 12-point above its opening price, NDX is on a positive territory trading at $ 5884, and the S & P500 added a 3-point increase. The index is currently traded at 2474.80

Today we expect Apple's report after the close of the market. Expectations for EPS are $ 1.57 and $ 44.89 billion in revenue. Other companies that will post their earnings reports are: Herbalife, Allstate, Match Group, Coherent, FireEye and SunPower.

Trader I. Ivanov

Varchev Traders

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Market Wrap of the US trading session

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