Markets are signaling something important today. The Nasdaq is leading the charge, gaining +2.34%, fueled by strong tech earnings. The IWM is also up, posting a gain of 0.68%. Bitcoin is trading at $80301.00, up a slight 0.15%. Ethereum is at $2315.11, a gain of 0.35%.
But what exactly are earnings? When a company makes money, that's their revenue. After they pay all their bills (salaries, rent, etc.), what's left over is their profit, or earnings. If a company has strong earnings, investors often want to buy that company's stock, which can make the price go up. Earnings are usually reported every three months, and are closely watched by investors.
As investors digest earnings data, it's important to remember that not all companies perform the same way. Some sectors, like tech, might be doing well, while others might be struggling. Keep these levels in mind as you navigate today's session.