Switzer on Saturday

No Presidential tweeting but stocks still fell! How come?

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
24,360.14
-122.91
-0.50%
1.79%
S&P 500
2,656.30
-7.69
-0.29%
1.99%
NASDAQ
7,106.65
-33.60
-0.47%
2.77%
ASX 200
5,829.10
13.60
0.23%
0.70%
Data for week commencing 9 April 2018

US stocks were down overnight and for once I can’t blame the President and his infernal tweeting! Nope, we saw a new reason for US stocks to go negative and it’s because JPMorgan reported well (better than expectations) but not well enough!

The experts who do their best working out why Wall Street or the Nasdaq go up or down say a good result was already “priced in”, so reporting companies might have to shoot the lights out to get a big tick from the market.