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ASX200 Midday Wrap 17 Apr 2018

Posted by Billy Macris on 17-Apr-2018 12:07:40

With easing tensions between the U.S. and Syria overnight markets have taken the lack of military activity as a positive and shifted their focus back to earnings and economic releases. All three major indices in the U.S closed higher and gains were widespread as all eleven S&P 500 sectors closed higher. After hours we have seen a strong move higher in the shares of Netflix (NFLX) which reported after the bell and subsequently its stocks price traded up towards $225.00 per share on strong growth in its subscriber base. Tonight’s earnings focus is a big one with the likes of Goldman Sachs (GS) United Health (UNH) Lam Research (LRCX) United Airlines (UAL) and Johnson & Johnson (JNJ) all scheduled to report.

Bristol Myers Squibb (BMY) Chart Attached


U.S Indices

  • Dow Jones +212.90 points or +0.87%
  • S&P 500 +21.54 points or +0.81%
  • Nasdaq +49.63 points or +0.70%

S&P 500 Sectors

  • Telecom +1.49%
  • Utilities -1.28%
  • Materials +1.38%

Stocks advancing

  • United Health (UNH) +2.69%
  • CVS Health +4.20%
  • Marathon Petroleum (MPC) +3.92%

Stocks declining

  • Bristol Myers Squibb (BMY) -7.79%
  • Foot Locker (FL) -4.09%

FOREX Majors

  • USDJPY 107.00
  • EURUSD 1.2383
  • AUDUSD 0.7785
  • USDCAD 1.2560
  • GBPUSD 1.4342
  • Bitcoin $8,038
  • Spot Gold USD $1,348.50

Locally this morning the ASX200 started higher before surrendering early gains to be currently trading at 5,846.70 for a gain of 5.40 points or 0.09% after trading as high as 5,871.10. Today at 1.00 PM we have Chinese GDP data due for release of which markets will be keenly watching. Banks have started in their usual fashion pushing higher early in the morning only to surrender gains BHP and Rio are mainly unchanged and Cimic (CIM) is +0.53 for the session after releasing earnings numbers this morning.

Best Performing Stocks

  • Resolute Group (RSG)+2.31%
  • Altium (ALU)+2.03%
  • Alumina (AWC) +1.88%

Worst Performing Stocks

  • AMP (AMP) -3.26%
  • Ardent leisure (AAL) -2.51%
  • Bank of Queensland (BOQ) –2.34%

bmy

Topics: ASX200 Midday Wrap