DCFX-TA

US30 | Trade idea

Short
DCFX-TA Updated   
CAPITALCOM:US30   Dow Jones Industrial Average Index
Despite the problems in the banking sector, the leading US financial institutions managed to show stable results. The leader of the American insurance market, UnitedHealth Group, reported revenue of 91.9 billion dollars, which exceeded both the analysts' forecast of 89.71 billion dollars and the value of the previous quarter at 82.8 billion dollars. In turn, JPMorgan Chase & Co. posted revenue of 38.3 billion dollars, up from 34.55 billion dollars in the previous quarter, with earnings per share up from 3.57 dollars to 4.10 dollars. Financial company Wells Fargo & Co. also posted positive results, reporting 20.73 billion dollars in revenue, up from 19.66 billion dollars in the previous quarter.

The US domestic bond market is also correcting: 10-year Treasuries are traded at a rate of 3.509%, having lost 0.15%, and 20-year ones are traded at a rate of 3.844%, having fallen by 0.18%.
The growth leaders in the index are JPMorgan Chase & Co. (+7.55%), Signature Bank (+6.94%), Citigroup Inc. (+4.78%), Bank of America Corp. (+3.36%).

Among the leaders of the decline are Catalent Inc. (-26.84%), DISH Network Corp. (-6.00%), Boeing Co. (-5.56%).
Trade closed: stop reached
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