💰Solid earnings lift mood on Wall Street
US indices climbed on Thursday as strong earnings from major companies lifted market sentiment. The Dow Jones rose 200 points, or 0.6%. The S&P 500 added 0.8%, while the tech-heavy Nasdaq Composite jumped more than 1% to hit an intraday record high as it seems that investors digested the weak GDP report. Meanwhile Amazon (AMZN.US), Apple (AAPL.US) and Starbucks (SBUX.US) will provide their quarterly figures after the closing bell. Better than expected results may provide additional fuel for the rally. If this is the case then next targets for buyers are marked with 127.2% and 161.8% external Fibonacci retracements. On the other hand, if sellers will manage to halt advances, then another downward impulse towards support at 15220 pts may be launched.
US100, D1 interval. Source: xStation5
