Stocks and Securities

U.S. stocks are poised to slump this morning with equity futures down triple digits. This despite a spate of solid earnings reports from some bellwether companies. Investors instead are focused on President Donald Trump who has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise.

“I’m ready to go to 500,” the president told CNBC in an interview yesterday. The reference is to the dollar amount of Chinese imports the U.S. accepted in 2017 — $505.5 billion to be exact, compared to the $129.9 billion the U.S. exported to China, according to Census Bureau data. Trump said the rally in U.S. stocks since he won the election gives him the opportunity to wage a tough trade war with China and others that he hopes will lead to better deals even as the tactics cause some market turmoil.

 

Dow Industrial AverageS&P 500Nasdaq 100Russell 2000

 

 

 

 

 

 

 

 

 

 

 

Shares of Microsoft (MSFT) are set to open at a record high Friday after the group topped fourth quarter earnings estimates on the surging strength of its cloud computing business. Microsoft posted a Street-beating bottom line of $8.87 billion in the three months ending in June, the company said following the close of trading Tuesday, with overall revenues rising 17.5% to $30.09 billion.

 

Blockchain and Cryptocurrency

Bitcoin (BTC) and Ethereum (ETH) both cooled off after having had such a significant rally in the past few days. Bitcoin (BTC) up about 1.0%, while  Ethereum (ETH) down up about 3.2% . Market capitalization decreased from $287B USD to $284B USD which is a 1.3% decrease in just 24 hours. This 24 hour volume of $16B is down significantly from yesterdays’ $18.6B. BTC dominance of 45% is 2% higher compared to yesterday.

Bitcoin price - BTC/USD chartEthereum (ETH) chart - ETH/USD

 

 

 

 

 

 

Read our recent post consisting of Technical Analysis for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCC), Cardano (ADA), Stellar (XLM), Digibyte (DGB), NEO (NEO), EOS (EOS), and Nucleus.Vision (NCASH).

There has been a lot development in the past 24hours, containing both a positive and negative narrative. But, we wouldn’t expect anything less from the cryptocurrency market.

 

Stocks on the Radar

Below is our today’s list of cryptocurrency and stocks to buy or to invest in: