š Stock Market Today: ETSY, OTIS, and TSLA
Here's what happened in the markets today, Monday, April 26th -- in 5 minutes or less.
This week, we have 3 major events, and the markets are nervous and finished mixed.
Stock Market Today | April 26, 2021
Here's what happened in the markets today, Monday, April 26th -- in 5 minutes or less.
This week, we have 3 major events, and the markets are nervous and finished mixed.
Letās take a look at the indices:
The Dow was down 0.18% today, the S&P 500 gained what the Dow lost: exactly 0.18%, and the NASDAQ finished 0.61% higher.
So what happened:
Today, nothing happened, but there are 3 important events happening this week that could move the markets:
1. Biden will speak on Wednesday evening and outline the details of the 2nd part of his āBuild Back Betterā plan. He already revealed his infrastructure plan a few weeks ago, and he proposed funding it through raising corporate taxes. Part 2 will be the āAmerican Families Planā, and he is expected to reveal details on Wednesday night. Last week, Biden floated the idea of raising taxes for long-term capital gains from 23.8% to as high as 43.4%.
Markets didnāt like that idea at all and finished sharply lower last Thursday. This week, markets are nervous about the details of Bidenās plan.
2. Also on Wednesday, the FOMC statement will be released. Nobody is expecting any major changes to the current money and interest policy. BUT: in the past few weeks, we have seen some GREAT economic reports that were much stronger than expected. And at some point, the Fed is going to have to acknowledge that, and this could mean that they tighten their policy earlier than expected.
3. And then thereās EARNINGS SEASON in full swing. This week, we will hear from
Tesla (TSLA), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Google (GOOGL), Facebook Inc. (FB) and Amazon.com Inc. (AMZN).
This week and next will provide the bulk of the remaining earnings. So far, results have far exceeded expectations. However, that hasnāt translated into higher stock prices, as we have seen last week.
Speaking about earnings: The big one today was Tesla (TSLA). They reported first-quarter profit above expectations, but sales missed the mark slightly. TSLA is down 2.5% in after-hours trading.
Some other movers and shakers today:
Etsy (ETSY) fell 4.4% after an analyst said most of the growth is already priced in and downgraded the stock.
And people seem to like elevators and escalators: the manufacturer OTIS reported earnings and exceeded expectations. The stock was up 7% today.
So what can we expect for the remainder of this week?
All 3 events that I mentioned earlier can move the markets. Stocks are nervous, and Iām expecting a volatile week. That should give us some great trading opportunities!
This wraps up today's stock market news in 5 min or less.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this podcast.
And for more stock market news, visit https://rockwelltrading.com.
#todaysstockmarket #stockmarkettoday
Here's what happened in the markets today, Monday, April 26th -- in 5 minutes or less.
This week, we have 3 major events, and the markets are nervous and finished mixed.
Letās take a look at the indices:
The Dow was down 0.18% today, the S&P 500 gained what the Dow lost: exactly 0.18%, and the NASDAQ finished 0.61% higher.
So what happened:
Today, nothing happened, but there are 3 important events happening this week that could move the markets:
1. Biden will speak on Wednesday evening and outline the details of the 2nd part of his āBuild Back Betterā plan. He already revealed his infrastructure plan a few weeks ago, and he proposed funding it through raising corporate taxes. Part 2 will be the āAmerican Families Planā, and he is expected to reveal details on Wednesday night. Last week, Biden floated the idea of raising taxes for long-term capital gains from 23.8% to as high as 43.4%.
Markets didnāt like that idea at all and finished sharply lower last Thursday. This week, markets are nervous about the details of Bidenās plan.
2. Also on Wednesday, the FOMC statement will be released. Nobody is expecting any major changes to the current money and interest policy. BUT: in the past few weeks, we have seen some GREAT economic reports that were much stronger than expected. And at some point, the Fed is going to have to acknowledge that, and this could mean that they tighten their policy earlier than expected.
3. And then thereās EARNINGS SEASON in full swing. This week, we will hear from
Tesla (TSLA), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Google (GOOGL), Facebook Inc. (FB) and Amazon.com Inc. (AMZN).
This week and next will provide the bulk of the remaining earnings. So far, results have far exceeded expectations. However, that hasnāt translated into higher stock prices, as we have seen last week.
Speaking about earnings: The big one today was Tesla (TSLA). They reported first-quarter profit above expectations, but sales missed the mark slightly. TSLA is down 2.5% in after-hours trading.
Some other movers and shakers today:
Etsy (ETSY) fell 4.4% after an analyst said most of the growth is already priced in and downgraded the stock.
And people seem to like elevators and escalators: the manufacturer OTIS reported earnings and exceeded expectations. The stock was up 7% today.
So what can we expect for the remainder of this week?
All 3 events that I mentioned earlier can move the markets. Stocks are nervous, and Iām expecting a volatile week. That should give us some great trading opportunities!
This wraps up today's stock market news in 5 min or less.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this podcast.
And for more stock market news, visit https://rockwelltrading.com.
#todaysstockmarket #stockmarkettoday