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Dow Jones Trading Flat After Mixed Corporate Earnings

Feb 17th 2017, 9:08 am
Posted by marieherz
Dow Jones Trading Flat After Mixed Corporate Earnings:

The United States markets are trading flat to slightly negative in today's session. The earnings season, so far, has been good and we are expecting no negative surprises further in this fourth quarter earnings season. The Dow Jones is following this boris mizhen earnings season closely and there hasn't been any major break up or down in the results released so far.

We have seen that the Dow Jones rallied hard in the past month on the back of the Fiscal deal which was approved by the Republicans, or in other words, Congress. From there on, the markets have been consolidating at this mark and have been trading in a tight range. This 13500 level is continuing to act as a strong resistance and a jump with good volumes is necessary to confirm a break out in the stock markets.

The Asian markets have been quite in the news this week. Bank of Japan is all set to meet this week to talk about the rates and any positive trigger from this event would make the Asian markets to rally hard. But, most of the analysts feel that the market will fall and profit booking will take place because the markets have run up so hard in the past few months.

A currency strategist at Soci

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