US Indices Started the Day Mixed

US indices started the day mixed. The fourth quarter results of the companies also affected the indices.

At the beginning of the day, the Dow Jones index showed a decrease of 0.17 percent and was traded at 30.634.60 points. The S&P 500 index started trading at 3,833.35 points with an increase of 0.18 percent, while the Nasdaq index started trading at 13,695.60 points, with an increase of 0.61 percent. The US stock market, which started the week in an upward trend, opened today with a mixed course. The S&P 500 and Nasdaq indices have risen after the fourth quarter reports of US-based companies Amazon and Alphabet announced yesterday. US e-commerce company Amazon's report for the fourth quarter of 2020 showed that the company's quarterly revenue exceeded $ 100 billion for the first time. Amazon's sales increased 44 percent in the fourth quarter of 2020 compared to the same period the previous year and reached $ 125.6 billion. It has been announced that Amazon Chief Executive (CEO) Jeff Bezos will step down in the third quarter of this year. The revenue of Google's parent company Alphabet, on the other hand, increased by 23.5 percent in the fourth quarter of 2020 compared to the same period of the previous year and reached 56.9 billion dollars. In addition to the better than expected results of the technology companies, the calming of the concerns about the GameStop incident had a positive effect on the markets. US Treasury Secretary Janet Yellen is expected will hold a meeting this week with regulators to discuss the volatility caused by GameStop and similar stocks in the markets, while this meeting was held with the US Securities and Exchange Commission (SEC), US Federal Reserve (Fed), New York Fed. It is stated that the heads of the US Commodity Futures Trading Commission (CFTC) will attend. In addition, developments regarding the financial stimulus package expected to be given against the coronavirus epidemic in the USA continue to play a determining role on the markets.     You may also want to read this: Jeff Bezos Resigns From Amazon!