By Staff Reporters
SPONSOR: http://www.CertifiedMedicalPlanner.org
U.S. equities rose sharply, extending last week's solid gains, as the markets reacted to a day full of earnings and economic data.
Apple beat estimates but reported weaker-than-expected iPhone revenues, Amazon's earnings were also ahead of forecasts, but revenues missed, and the company issued disappointing guidance. Dow member Intel topped projections and announced $10 billion in cost reductions, while fellow Dow component Chevron and Exxon Mobil bested expectations.
On the economic front, personal income and spending were upbeat, employment costs for Q3 moderated but remained high, pending home sales dropped, and consumer sentiment was revised modestly higher.
Treasury yields gained ground following the data and the U.S. dollar was modestly higher, continuing to rebound from a recent drop, while crude oil and gold prices fell.
Stocks in Asia tumbled after being dragged down by tech issues, and following the Bank of Japan's decision to remain steady. Markets in Europe ended mixed as investors absorb yesterday's European Central Bank monetary policy decision and the flood of earnings reports.
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U.S. Financial Planning Month is observed nationwide during October.
With the holiday season coming up (aka hefty gifting expenses) and the new year just around the corner, Financial Planning Month is a great opportunity to get your finances and budgets in order before life gets too busy.
CALL US TODAY TO GET STARTED: https://medicalexecutivepost.com/coach/
CALL FOR A SECOND OPINION: https://medicalexecutivepost.com/schedule-a-consultation/
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FINANCE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283
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