Good morning Traders (thanks for handover highlandlad),
DOW overnight Snapshot
"Stocks closed higher Tuesday, recovering from steep loses earlier in the session, as investors looked forward to earnings from Apple and speculated about possible moves by the Federal Reserve. Stocks plunged at the open and struggled for most of the morning as investors digested a big drop in quarterly earnings from Goldman Sachs and a lower profit outlook from Johnson & Johnson. Weaker-than-expected revenues from IBM also weighed on the market. But the tone improved in the afternoon on chatter that the Fed is considering additional steps to encourage bank lending. Ben Bernanke, chairman of the U.S. central bank, is scheduled to testify before Congress on Wednesday."
"Shortly after the market closed, Apple reported its best quarterly results on record due to strong Macintosh sales and overwhelming demand for its iPad device. Apple said sales rose to a record $15.7 billion in the most recent quarter, up 61% from the same period last year. Net income rose to $3.25 billion, up 78% from a year ago. Shares of Apple continued to rally, gaining 4% in extended trading. " [Source: cnnmoney.com]
The DJIA Index finished the trading session: Up 75.53 pts; and
The SPI Futures are currently: Up 41 pts atm.
Of Note in the US this evening:- Ben Bernanke speaks [Market moving indicator]
- EIA Petroleum Status Report [Merits extra attention]
... and ...
Of Note in Australia today:- Westpac Leading Index (MoM) (May)
[The Westpac Leading Index released by the Melbourne Institute tracks nine gauges of economic activity, including share prices and telephone installations, to provide an indication of how the economy will perform. It tends to have an impact on the AUD volatility. Generally speaking, the more positive the reading, the better for the currency, while a low reading is seen as negative (or bearish)]
Gold is trading Down $0.50 atm and is currently sitting at $1,191.70/oz [Source: Kitco];
Oil is currently trading Up $0.11 atm and is currently at $77.69/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading at 0.8841 cents [Source: Forex. Live].
Have a great day trading today all!
Cheers, Tweets (:
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