Nasdaq 100 index may see record with Apple earnings due Tuesday
- 9 years ago
The Nasdaq 100 index, dominated by U.S. technology stocks, may set a record high next week, helped by good earnings from Apple Inc expected on Tuesday.
Technology shares led the U.S. stock market's recovery this week from its worst correction in four years in August, thanks to gains in Alphabet, Amazon and Microsoft, after the three companies reported better-than-expected earnings results.
Shares across Asia, Europe and the Americas all climbed, boosted by Thursday's message from European Central Bank chief Mario Draghi that he was ready to increase the ECB's bond buying program, and by an interest rate cut by China's central bank.
Factors this coming week that may provide further support for U.S. stocks include a Federal Reserve policy meeting, which is not expected to raise interest rates yet, a report on U.S. third-quarter economic growth, and earnings from Apple.
Technology shares led the U.S. stock market's recovery this week from its worst correction in four years in August, thanks to gains in Alphabet, Amazon and Microsoft, after the three companies reported better-than-expected earnings results.
Shares across Asia, Europe and the Americas all climbed, boosted by Thursday's message from European Central Bank chief Mario Draghi that he was ready to increase the ECB's bond buying program, and by an interest rate cut by China's central bank.
Factors this coming week that may provide further support for U.S. stocks include a Federal Reserve policy meeting, which is not expected to raise interest rates yet, a report on U.S. third-quarter economic growth, and earnings from Apple.