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Analyst: US stocks ushered in the best start in 13 years

January 11, 2019 17:50
source: FX168

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Summary
[Analyst: US stocks ushered in the best start in 13 years] Friday (January 11) foreign institution Rockwell Trading analyst Markus Heitkoetter latest article, a brief analysis and interpretation of the current US stock market status and future prospects.

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Friday (January 11th) foreign institution Rockwell TradingAnalystMarkus Heitkoetter's latest article provides a brief analysis and interpretation of current US stock market conditions and future prospects. The main contents are as follows:

On the previous trading day, the US stock market rebounded from the early sell-off and closed higher on the day.

The main stock indexes of the US stock market opened down on the day. After 30 minutes into the trading day, the stock market was at an intraday low and the S&P 500 index fell 0.9%.

However, the stock market rebounded in the early trading session and got rid of the earlier decline.

At 1:00 am Beijing time on Friday, Federal Reserve Chairman Powell delivered a speech at the Washington Economic Club, and US stocks fell again. Powell said that the size of the Fed’s balance sheet will “substantially shrink” butinterest rateOn the one hand, "we can maintain patience and flexibility and wait and see."

At the same time, US President Trump is atTwitterSaid that he will not attend the World Economic Forum in Davos

However, after the US stock market fell, it reversed its upward trend at 1:45 pm EST and closed up on the day.

  With the end of the trading day on Thursday, the main stock indexes of the US stock market ushered in the best start in 13 years. After the adjustment, the main stock index rose in 5 trading days in 6 trading days in 2019.

On the same day, the Standard & Poor's 500 Index rose 0.4% to 2596.64 points, the first time since September 2018, the Dow rose for the first time on 5th. The Dow rose 0.4% to 2596.64 points. It also recorded a 5-day continuous increase. The Nasdaq rose 0.4% to 6860.07. point.

Traders have to faceMacy's(Macys) andAmerican airlines(American Airlines) some profit warnings.

Although the retailer had a wonderful "Black Friday", Macy's said that sales "had declined in mid-December until the week of Christmas." The company's share price fell sharply on the day. 17.7%.

At the same time, American Airlines said that revenue growth in the fourth quarter of 2018 will be lower than expected. The company's share price once fell 11%, closing down 4.1%. In addition,JetBluewithSouthwest AirlinesThe stock price also fell.

On the positive side,BoeingCompany (BA) atMorgan Stanley(Morgan Stanley) received a good boost after the upgrade rating. Boeing's share price rose 2.6% on the day, leading the Dow.

(Article source: FX168)

                (Editor: DF307)

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