Stay 
Trading Conditions
Products
Tools
The events that ended the depressing month for the market on the last day of the quarter are as follows: The growth of stock indices was marked yesterday. On the other hand, House Speaker Nancy Pelosi and US Treasury Secretary Steven Mnuchin have not reached an agreement regarding the coronavirus stimulus bill. Meanwhile, the Dow Jones Industrial Average, which controls the development of the US stock markets and covers the 30 largest US companies, rose more than 500 points at the beginning of the trading session. It should be admitted that so far, it has managed to return only some of these results, showing an increase of 329 points, which equates to 1.2%.
Investors had high hopes for the bill designed to improve the state of the US economy, and so, the market could be shaken neither by the situation with the spread of the coronavirus, nor even the last televised debate between Trump and Biden. Now, it is worth hoping for more scenarios that will be able to significantly shake up the market on Thursday.
For example, the US retail chain Bed Bath & Beyond Inc., which sells household goods, is due to report on earnings soon. Investors are expecting news of a significant loss of funds, namely 32 cents per share on revenues of $ 2.6 billion. At the same time, the wine and spirits producer Constellation Brands Inc. Class A shares will be valued at $ 2.50 (on $ 2.2 billion in revenues), while soda and snack maker PepsiCo Inc. shares will be valued at $ 1.48 (on income of $ 17.2 billion).
A weekly indicator that measures unemployment in the United States cannot be ignored either. It is planned to compare the data of the report with the growth of vacancies in the private sector. Analysts believe that over the past week, the number of new applications for unemployment benefits should be 850 thousand, while the number of secondary applications should be 12.3 million.
However, data on personal income and expenditures of the population for August is not that important for investors. Analysts forecast that September revenues will decline 2.4% compared to the previous month, while expenses will rise 0.7%.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
