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Top 3 Things to Watch By Investing.com



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Investing.com – Here's a preview of the top 3 things that could rock markets tomorrow. Google Dips

Alphabet (NASDAQ 🙂 shares dropped nearly 7% after hitting new closing and 52-week highs in regular trading on a day when the and finished at record highs.

Alphabet reported earnings per share of $ 11.90 on revenue of $ 36.34 billion. Analysts polled by Investing.com had forecast earnings of $ 10.53 on revenue of $ 37.3 billion.

The earnings were down 1

0.7% from a year ago due to a $ 1.7 billion fine levied by the European Commission, search partners violated on European competition law. Without the fine, Alphabet said it would have earned $ 11.50 per share.

2. Pending Home Sales Seen Rebounding

Housing data leads the economic calendar tomorrow.

The National Association of Realtors releases their measure for March at 10:00 AM ET

expect that homes awaiting construction rose 1.1% last month, based on forecasts compiled by Investing.com

3. API Inventories

WTI Crude Oil WTI Crude Oil WTI Crude Oil WTI Donald Trump has recently tightened sanctions against Iran by ending all exemptions previously granted to crude buyers.

But even with tighter sanctions on Iran, China has increased its crude imports from the Islamic Republic, according to Citigroup. that Chinese purchases have picked up lately, with some 700,000 barrels a day of oil in transit to China in recent weeks, Citi said.

Citi expects China to import at least 200,000 barrels a day of Iranian oil in May

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