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Blue Chips on 8 Session Winning Streak

June 4, 2023
in Trade Tube
Reading Time: 1 min read
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The Dow Jones Industrial Average is on a 8 session winning streak and looks set to add to recent record highs today. Several companies report earnings today and that could drive the action. Volatility is low with the VIX at the lowest level in a year. Microsoft ( ) shares are rallying after a strong earnings report. It’s getting a lot of help from its cloud business as PC sales slip. Shares of Nintendo have dropped 12% in Japan overnight on reports of PokemonGo delays in that country. The rollout, planned for today, was cancelled after details were leaked via internal communications from McDonald’s Holdings, according to TechCrunch. Nintendo shares have more than doubled since the launch of PokomonGo on July 6th. Campbell Soup ( ) holds an investor day today. MBA Mortgage applications are due. The U.S. Federal Election commission issues a June fundraising report for Presidential Candidates Donald Trump and Hillary Clinton.

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