Investing.com – Here's a preview of the top three things that can close markets tomorrow.
1. Google Dips
Tech can battle for Google's disappointing earnings report today.
The alphabet (NASDAQ 🙂 shares fell nearly 7% after beating new closed and 52-week highs in regular trading on a day when it and it finished at record highs.
The alphabet reported earnings per share of $ 11.90 on revenue of $ 36.34 billion. Analysts asked by Investing.com had expected earnings of $ 1[ads1]0.53 on revenue of $ 37.3 billion.
Revenue was down 10.7% from a year ago due to a $ 1.7 billion fine imposed by the European Commission, charging agreements that Google had with AdSense for Search Engines violated European competition law. Without the beech, Alphabet said it would have earned $ 11.50 per share.
2. Waiting for Home Sales Seen Rebounding
Home data leads the financial calendar tomorrow.
The National Association of Realtors releases their goals for March at 10:00 ET (14:00 GMT).
On average, economists expect homes awaiting construction to rise by 1.1% last year, based on forecasts prepared by Investing.com.
Waiting sales in the home fell in February, after a big spike fashion before.
3. API inventory
Who showed a weekly build last week will get attention Tuesday, as traders eye-free directions for the oil price.
WTI crude remains at $ 64 a barrel this year as President Donald Trump has recently tightened sanctions against Iran by ending all exceptions previously given to buyers.
But even with tighter sanctions against Iran, China has increased its crude imports from the Islamic Republic, according to Citigroup.
Shipping dates that Chinese purchases have picked up lately, with about 700,000 barrels of oil a day to China in recent weeks, Citi said.
Citi expects China to import at least 200,000 barrels a day with Iranian oil in May.
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