US Equity markets were mixed overnight on a muted session ahead of the upcoming two day FOMC policy meeting that kicks off today.
The Dow Jones finished slightly down with modest gains keeping the NASDAQ and S&P 500 near all time highs as traders await any indication from the Fed as to future rate moves or adjustments in guidance.
Tesla (TSLA) reported record earnings after the bell of $438 million for Q1, this is up 74% from a year ago.
A good chunk of this revenue was generated from the sale of bitcoin during the quarter, profit from Teslas bitcoin speculation came in at $101 million.
Ahead tonight is a busy night for corporate earnings with tech heavyweights Alphabet (GOOG) and Microsoft (MSFT) reporting, also Dow component stock Boeing (BA) among others.
Today the Bank of Japan will be releasing its outlook report and monetary policy statement, no changes are expected to current policies and should have a muted effect on the market.
The Bank of Canada Governor will also be testifying before the Canadian parliament.
|Wednesday, 28 April 2021
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