US close, nos etc..20 Jul 2022 05:26
DJ +754 (31,827)
SP +106 (3937)
NS +372 (12,249)
R2 +40 (1176)
WTI $104
10ytb 3•024%
MSCI(W) +61 (2628)
Gold Bugs +2 (207)
Latest:- Vix 24. Oil $107.
Gold $1710. Copper $3•311.
Palm $1280. Silver $18•685.
$1•201. €1•174.
FF +52. DF +180.
All the major indices closed well up on Tues as many investors think the mrkt has 'bottomed' driven down by inflation, rate hikes, Ukraine & lockdowns in China. Earnings nos from a slew of big counters (IBM, GS, Hasbro, BOA & Halliburton) beat estimates.
US futures moved ahead after hours helped by the 50 DMA moving above its averages for the first time since April. Netflix nos pleased as the Co reported losing 970k subscribers in Q2, less than the projected 2m and unveiling its lower cost sub-ad supported by Microsoft expected next year. BOA reported a picture that the US consumer is in much better shape than pre covid, it's customer spend up 13% in H1 to over $2tn.
Vols on US Exchanges were 10•95bn (11•76bn) advances outpacing decliners (5:1). The S&P posted 1 new 52wk high and 30 new lows.
Morning all.