FX & CFD trading involves significant risk
The S&P 500 has dropped to a 1% loss, which comes on top of its 2% loss during the prior session. However, the benchmark Index has been able to steady itself after securing support in the 1302 zone.
Corporate news offered little support to stocks. The latest round of earnings was headlined by Hewlett-Packard (HPQ 43.10, -5.13), which reported an upside earnings surprise, but that was tainted by a light revenue figure and a disappointing forecast. TJX Co (TJX 48.18, -1.54) had an upside surprise of its own, but also issued a disappointing outlook. Lowe's (LOW 25.33, -0.66) and Toll Brothers (TOL 20.45, -0.31) both had better-than-expected earnings.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.