Poor earnings season leaves global markets in foul mood

Last week was quite the rollercoaster. Global market sessions packed more action than a John Woo flick (by the way, still waiting for the remake of his 1989 classic, The Killer, with our very own Lupita Nyongo).

One word to describe the session: Danger. An uneven earnings season led to heightened market volatility, with the FAANG companies painting a divergent outlook. Facebook lost more than a quarter of its market value on Thursday, dragging the S&P 500 index down by more than two per cent.

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Note: The results are not exact but very close to the actual.