US Markets See Volumes Return, Earnings Reports Better Than Expected

Press Release (ePRNews.com) - Toronto, Canada - Apr 22, 2016 - Valgard Investments

US Markets See Volumes Return, Earnings Reports Better than Expected

Trading volumes on the US markets broke the 20-day average yesterday. The benchmark of 6.8Bn shares was overshadowed by the 7.3Bn traded on Thursday, where the markets saw significant profit taking.

Barry Cahill, PR Manager

Trading volumes on the US markets broke the 20-day average yesterday. The benchmark of 6.8Bn shares was overshadowed by the 7.3Bn traded on Thursday, where the markets saw significant profit taking.

News out of Europe that the ECB would keep rates the same and will look to add more stimulus if necessary and better than expected earnings reports saw investors look to lock out profits ahead of the uncertainty of the Oil sector as Kuwait looks to stop its current Oil worker strike and the International Energy Agency released comments stating that non-OPEC oil production was set to drop to 25 year lows.

Main US Index Closes: 21st April

S&P 500 – 2,091.48 (-0.52%)

Dow Jones – 17,982.52 (-0.63%)

NASDAQ – 4,945.89 (-0.05%)

As earnings season continues, many reports are beating expectations despite previous concerns about the data that would come through. Many analysts were predicting that earnings could be as much as 7.7% lower than last year’s yet many of the heavy hitters on the S&P have outperformed analysts’ expectations.

The S&P added 10 new 52 week highs with no new lows. The NASDAQ saw 47 advancers and 19 losers and the New York Stock Exchange was much more negatively weighted with 1,095 listings higher and 1,897 seeing losses.

US futures are mixed with both the Dow and S&P looking to open higher and the NASDAQ set to open slightly lower.

Valgard Investments is wholly owned boutique wealth management firm that offers a truly unbiased financial planning, investment advice and asset management service that is built around a solid foundation and philosophy that focuses on core values and each and every clients financial well-being. Valgard Investments has been refining its client/advisor partnership for over 5 years ensuring the highest standards of excellence are maintained.

Source : Valgard Investments
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