CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Daily summary: US tech stocks rebound ahead of Amazon and Apple earnings

19:10 28 April 2022
  • European equities rose for a second day on Wednesday, with the FTSE 100, CAC40  and the DAX 30 adding 1.13, 0.98% and 1.35%, respectively, supported set of upbeat earnings results from banking sector; 
  • Germany's inflation rate is likely to hit a new four-decade high of 7.4%, according to preliminary estimates;
  • US indices rose sharply as better than expected quarterly results of Meta Platform offset concerns over inflation and slowing economic growth. Also, Twitter, Mastercard, and McDonald’s results beat market expectations. Dow trades 1.65% higher, S&P 500 gains 2.60% while Nasdaq jumped nearly 3.0%;
  • On the data front, the US economy shrank 1.4% during Q1, compared with analyst forecasts of a 1.1% expansion, as record trade deficit, and softer inventory growth weighted;
  •  WTI oil and Brent rose 2.60% and 1.90% respectively amid prospects of potential EU ban on Russian crude imports after Germany reportedly dropped its opposition to such a move; 
  • Mixed moods prevail on precious metal markets. Gold rose 0.30% and is approaching resistance at $1890 despite stronger dollar and rising treasury yields. Meanwhile silver briefly fell below $23.00 level; 
  • The yield on the 10-year US Treasury note  rose to 2.86%, not far from an over three-year high of 2.98 touched last week, with investors pricing chances of an increasingly hawkish Federal Reserve stance;
  • Upbeat moods on global stock markets supports cryptocurrencies. Bitcoin jumped above $40,000 while Ethereum approaches psychological $3000 level;

Thursday's session on European markets brings an improvement in investor sentiment. Global equities were not overly concerned about the disappointing US GDP data, which showed that the American economy shrank -1.4% in Q1. Investors' attention is now focused on the quarterly results of major technology companies, which are in the middle of their earnings release cycle. Amazon and Apple will release their quarterly results today after the market close. In the European Union, uncertainty regarding the import of hydrocarbon products from Russia remains the main topic.

US100 managed to erase early losses and launched an impressive rebound. Index broke above the upper limit of the local 1:1 structure and is currently testing local resistance around 13436 pts. Should break higher occur, the next target for buyers is located around key resistance at 13750 pts which is marked with previous price reactions. On the other hand, if sellers manage to regain control, another downward impulse towards support at 13000 pts may be launched. Source: xStation5

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back
Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language