- Alphabet and Tesla stand ready to kick off Q3 earnings season
- Yesterday's star of the day Ripple appreciates 1.02% while outperforming its peers
- CAC soars by 1.83%, reaching 6,040.66.
Yesterday's market activity meant that markets closed higher yesterday; S&P 500 ended the session at 3,678 after a 2.65% gain. Nasdaq closed the day at 10,676, having gained 3.43%.
US markets are now currently closed and set to reopen today; meanwhile, upbeat European markets ended yesterday higher as CAC is up by 1.83%, hitting 6,040.66. Asia-Pacific markets closed higher today whilst ASX 200 added 1.72% to trade at 6,779.2.
With Q3 earnings season getting underway, around 100% of US companies have beaten market estimates. This past week, UnitedHealth & TSM published their earnings reports while Alphabet and Tesla are scheduled to release their results in the coming days.
Today's rise takes place amid mixed market indicators — United States NY Empire State Manufacturing Index (Oct) came out at -9.1, while a consensus of analysts was expecting -4.
Also worthy of note, United States Crude Oil Inventories expected to decline to 1.55 million while its preceding data was 9.88 million, data will be available tomorrow at 14:30 UTC.
Elsewhere, United States Philadelphia Fed Manufacturing Index (Oct) will be released Thursday. United States Existing Home Sales (Sep) scheduled to come out Thursday.
While most stocks did well yesterday, some did better than others as Ripple trades at $0.476 having gained 1.02%. FTX (up 0.964%) and Cardano (up 0.7%) also performed well yesterday.
Losing streak continues, Ripple lost $0.005 to $0.476 adding to its four consecutive days of drops
More of the same today: Ripple drops from $0.481 to $0.476, losing $0.005 (1.02%) today. Ripple has a market cap of 23.74 billion with an average daily volume of 6.83 million.
Today's losses are adding to a 14 day bearish run, during which FTX Token lost $0.972 of its value.