The day started strongly on US stock exchanges, but the Nasdaq reversed course – This movement drove market activity on Wednesday.
Today, investors are focusing on corporate earnings reports, while events related to the war in Iran are also unfolding in the background. After the closing of US stock markets, SpaceX and AMD reported, while Disney and Eli Lilly are expected to report soon. On the domestic market, the results of OTP and Magyar Telekom were made public. The US indices showed significant gains on Tuesday, but the Hungarian stock exchange underperformed due to the declines in Mol and OTP. Trading in the US began strongly on Wednesday, but ultimately the Nasdaq and S&P 500 fell, while the Dow Jones rose.
In addition to developments related to the Iran-Iraq war, investors are focusing on corporate earnings reports both abroad and at home. Yesterday, after the closing of the US stock markets, SpaceX and AMD, and before the opening today, Disney and Eli Lilly, and among the domestic stocks, OTP, published their figures, while Magyar Telekom published theirs in the early morning, and later. The market sentiment was particularly optimistic, with the US indices rising significantly on Tuesday, Dow and S&P 500 reaching new historical highs, and there were also gains on Asian stock markets, with the Nikkei performing particularly well, and European indices opening with gains. However, during the day, gains evaporated in Europe, and the Hungarian stock market underperformed due to the fall of Mol and OTP. Trading on Wednesday started strongly on the US stock markets, but the Nasdaq and S&P 500 ultimately fell, while the Dow Jones rose.
