Meta Platforms posts the biggest daily gain since 2020
EUR/USD 🔽
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
USD/JPY 🔽
XAU 🔽
WTI 🔽
BTC 🔽
ETH 🔽
After posting better-than-expected revenue of $32.17 billion, followed by a $40 billion share buyback program, Meta Platforms (META) soared 23.28% - the highest daily gain in over two years. This fueled the tech-heavy Nasdaq 100 to jump 440 points (+3.56%) to 12,803.
Meantime, Apple (AAPL) and Alphabet (GOOGL) reported slightly disappointing earnings at $117.2 billion and 76.05 billion respectively. The S&P 500 added 60 points (+1.47%) to 4,179, while the Dow Jones Industrial Average lost 39 points (-0.11%) to 34,053.
Both the Bank of England and the European Central Bank met Mitrade's estimates with a 50 basis points rate hike, but recent weak economic data weakened EUR/USD to 1.091, dropping 79 pips. GBP/USD and AUD/USD declined over 50 pips to 1.2223 and 0.7076. USD/CAD climbed 28 pips to 1.3315, as USD/JPY decreased 28 pips to 128.65.
Spot gold traded lower at $1,912.57 an ounce, and WTI crude futures suffered minor losses at $75.88 a barrel. Bitcoin retreated to $23,550.0, as Ethereum slowed to $1,650.00.
GBP/USD 🔽
AUD/USD 🔽
USD/CAD 🔼
USD/JPY 🔽
XAU 🔽
WTI 🔽
BTC 🔽
ETH 🔽
After posting better-than-expected revenue of $32.17 billion, followed by a $40 billion share buyback program, Meta Platforms (META) soared 23.28% - the highest daily gain in over two years. This fueled the tech-heavy Nasdaq 100 to jump 440 points (+3.56%) to 12,803.
Meantime, Apple (AAPL) and Alphabet (GOOGL) reported slightly disappointing earnings at $117.2 billion and 76.05 billion respectively. The S&P 500 added 60 points (+1.47%) to 4,179, while the Dow Jones Industrial Average lost 39 points (-0.11%) to 34,053.
Both the Bank of England and the European Central Bank met Mitrade's estimates with a 50 basis points rate hike, but recent weak economic data weakened EUR/USD to 1.091, dropping 79 pips. GBP/USD and AUD/USD declined over 50 pips to 1.2223 and 0.7076. USD/CAD climbed 28 pips to 1.3315, as USD/JPY decreased 28 pips to 128.65.
Spot gold traded lower at $1,912.57 an ounce, and WTI crude futures suffered minor losses at $75.88 a barrel. Bitcoin retreated to $23,550.0, as Ethereum slowed to $1,650.00.