📺 Will the Netflix quarterly report help US100 end the 5-day losing streak?
Global markets started Monday trading in upbeat moods but this positive sentiment quickly evaporated as mounting COVID cases once again stopped buyers. Furthermore, iPhone12 has been receiving mixed opinions and that’s been weighing on Apple (AAPL.US) stock and thus on the US100 index.
The index saw 5 days of consecutive declines although this sell-off was relatively mild. A lot seems to be at stake – the last time such streak happened was February and on the day number six the US100 slid some 5%! Meanwhile, the index is still in upwards trend, currently testing the trendline and being close to a solid support 10550 level that used to be a strong resistance but was broken earlier in October. Investors are awaiting quarterly reports from Netflix (NFLX.US) today after the US close and Tesla (TSLA.US) tomorrow and these reports can determine the direction for the US100.
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.
