Will Earnings Growth Propel US500?

Traders Den

What’s happening in the markets? Exness has put together some of the most important news and events that may affect your trades in the near term.

  • As the inflation rates slow, the market expects the Fed will be less hawkish than the previous condition.
  • Earlier this month, tech giants posted good earnings results, propelling the share prices and primary indices.
  • In the upcoming weeks, some major companies will release their earnings, which can be the market’s focus, such as NVDA and BIDU.
  • From a technical perspective, US500 significantly bounced over 10% from its bottom in October.
  • If US500 closes above its resistance at 4520, the index may retest its previous swing high at around 4600 – 4620.
  • On the contrary, US500 may return to 4400 – 4435 if the index fails to close above the resistance level.

We’ll continue to keep you informed about current market trends and the drivers behind them. Stay tuned for more updates in the future.