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 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 Societe Generale, Kit Juckes, said, “There is disappointment on three fronts: the inflation target has no fixed time limit, the bond purchases are still skewed to the short end of the curve, and they don’t start soon enough.”

Technical Analysis:

The Dow Jones has good support at 13000 and this support will hold strong for the next few months. The Dow Jones is quite clearly trading in a range and most analysts feel that this range will most likely be broken on the higher side. The United States markets are at the verge of breaking the 13500 level and the markets have the potential to touch 13700 and then the life time highs for the index in the near by future.

Stocks to watch out for:

Verizon is in the news today after the company released its earnings and the results came in below expectations of most analysts. The company said that it made a loss of 1.48 dollars per share on the back of higher employee benefits.

The company is focusing more on developing its products, the management said, commenting on the results. Lowell McAdam, Verizon chairman and CEO, said in a statement, “Verizon seized growth opportunities in the fourth quarter to cap a year of solid progress across the entire business.”

Du Pont is also in the news today after the company has posted an excellent rise in its net profits and revenues for this quarter. The management said that the demand for plastics is quite clearly increasing and that is helping the company to generate higher revenues and profits. Shares of Du Pont rose nearly 2 percent and were trading at 47.90 dollars, last time we checked.

I hope you enjoyed our article, \’Dow Jones Trading Flat After Mixed Corporate Earnings\’.

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Category: Finances
Keywords: Dow Jones, United States, ASX, Dollar index, Brent Oil, Gold, Verizon, Asian markets, Earnings