After US indices got near record highs, maybe it’s time for a correction again?

Stocks traded lower on Friday amid weak overseas data, but remained on track to post solid weekly gains after the release of better-than-expected earnings, once they hit their record highs, maybe it’s time for a correction again? China has seen its slowest growth in nearly three decades, raising concerns about the impact of the US trade dispute.

China’s gross domestic product grew 6% annually in the third quarter, the slowest pace in 30 years. The news comes from China, which is trying to get more discounts from the US before signing a temporary phase-1 deal, agreed last week.

More than 70 companies in the S&P 500 reported third-quarter earnings this week. 81% of these companies posted better-than-expected results.

Coca-Cola is trading 2.3% higher after earnings were expected at $0.56 per share in the third quarter, with net revenues of $9.5 billion.

 Trader Georgi Bozhidarov

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance