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Mega week of data, central bank meetings & earnings; China returns – 30 January 2023

From home.saxo

Nasdaq 100 climbed 1% and S&P 500 edged up 0.3% on Friday, bringing the benchmarks to advance 4.7% and 2.5% respectively over the week. Tesla led the charge higher with an 11% gain on Friday, extending its post-Q4-result rally. American Express reported Q4 EPS of USD2.07, missing the consensus estimate by 6.6% and falling 5% Y/Y but raising its dividend by about 15% and providing upbeat guidance for 2023 and aspirations for 2024. The shares of the card payment and travel company surged 10.6%, making it the second biggest gainer within the S&P 500, behind Tesla on Friday. On the other hand, Intel tumbled 6.4% after an ... (full story)

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  • Category: Fundamental Analysis