US stocks started Tuesday’s trading session in moderate gains. Market participants remained optimistic about US dollar interest rates. In other words, hopes have returned that this year we can still see the depreciation of the dollar. Also, US technology optimism has taken on some inertia, helped by the better financial results of giant such companies.
It can be expected that market participants will continue to pay increased attention in the foreseeable future to any signs (data, officials’ statements and anything else – even signs in coffee grounds) that could indicate a more specific position of the US central bank on the issue of changing dollar rates.
European shares were up around a quarter percent today.
Today it was clear that investors were deeply disappointed by Walt Disney’s message about its previous quarter’s earnings and its outlook for the future. The entertainment giant’s profits in its streaming business were overshadowed by a decline in its TV business and weaker cinema revenue (the company’s earnings fell short of Wall Street estimates). As a result, Walt Disney’s share price fell by 8.5%. On the other hand, the share price of Apple continued to grow. This was helped by news from The Wall Street Journal that the iPhone maker was apparently developing its own chip to run artificial intelligence software.
Technical analysts announced that the S&P 500 index had broken above its previous 50-day moving average, suggesting that the bullish sentiment could be saved. A little more, and US stocks may have recovered all their losses from the first part of April.
In the Baltics, the share price rose slightly today – by 0.15%.
