The S&P 500 Earnings Reports That Are Moving The Market Today
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After blockbuster earnings reports from Google (GOOGL) and Microsoft (MSFT), the market seems as though it could be on the move again. Yesterday, the S&P dropped by about 1.5% as it had its worst day in quite some time. Whether or not we will have a continuation of that is still up in the air.
However, the earnings reports of these tech companies could be a positive sign for the rest of the market. Yet, with Meta (META) reporting today and Amazon (AMZN) queued up for tomorrow, we are not out of the woods. If these earnings are anything like GOOGL and MSFT, however, we may be in for a pleasant surprise.
SPDR S&P 500 ETF Trust (SPY)
In this case, where sectors have not quite given us much to go on, one of the best things to do is learn how to trade one of the most widely traded ETFs out there. The S&P 500 ETF (SPY) is one of the most liquid ETFs out there, which is why so many traders like to trade this. Instead of trading based on how one stock or sector is trending, you are now looking at trading a collective of these stocks and sectors.
Important to note, the top weighted stocks in the ETF are Apple (AAPL), MSFT, and AMZN, needless to say, this is a big week for this ETF.
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I look forward to trading with you, but until then, as always…
