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Headline News: U.S. stock futures were higher as second-quarter earnings continue to come in better than expected. Twitter (TWTR) was 4% higher in pre-market trading, and Snap (SNAP) was set to open higher by 17%. Investors appear encouraged that earning next week from the mega technology companies will be positive and has the bulls back… Read More
Headline News: U.S. stock futures were lower after an unexpected rise in the jobless claims report this morning. Initial filings for unemployment insurance totaled 419,000 for the week ending July 17, well above the 350,000 estimates. Meanwhile, second-quarter earnings continue to come in better than expected, and so far, 88% of companies that have reported… Read More
Headline News: Wall Street is set for a higher open as second-quarter earnings continue to come in better than expected, and economic growth stocks were also back in favor. Johnson & Johnson (JNJ), Coca-Cola (KO), and Harley Davidson (HD) were both higher after good reports. Also, Chevron (CV), Exxon (XOM), and Halliburton (HAL) were higher,… Read More
Headline News: Wall Street is set for a higher open as second-quarter earnings are coming in better than expected. Shares of IBM (IBM) were higher after strong Q2 earnings, and interest rate sensitive bank stocks Citigroup (C), JPMorgan (JPM), and Goldman Sachs (GS) were also higher. So far, 41 S&P 500 companies have reported earnings,… Read More
Headline News: U.S. stock futures are set to open lower by at least 1% after a spike in global COVID-19 cases raised concerns about economic growth. The delta variant has spread among the unvaccinated, and there the U.S. has averaged 30,000 new cases a day for the last seven days. Also, more worries about a… Read More
Headline News: Wall Street is set for a higher open after U.S. retail sales increased in June and increased expectations the economy grew in the second quarter. The report showed a 0.6% increase, and May was revised lower to show sales falling at 1.7%. Later today, the University of Michigan Consumer Sentiment for July will… Read More
Headline News: It appears a lot of the good news has already been priced into stocks. U.S. stock futures are lower even as second-quarter earnings continued to beat expectations. Also, the yield on the 10- year Treasury continues to move lower, which is raising fears about a global recovery as Covid-19 cases are rising. Meanwhile,… Read More
Headline News: U.S. stock futures are higher after Federal Reserve Chairman Jerome Powell is set to say the central bank was still ways off from altering its easy policies. The remarks will come today in the Chariman’s semiannual testimony before Congress, and he is also expected to state he expects inflation to moderate later in… Read More
Headline News: U.S. stock futures are lower after new data showed consumer prices rose in June. The CPI increased by 0.9%, while the core CPI rose 4.5% year over year for the month. That was the most significant increase in 13 years for the month of June, which is further evidence the economic recovery is… Read More
Headline News: U.S. stock futures are lower as concerns about an uptick in coronavirus cased continue to grow. Australia will reportedly extend its lockdown in Sydney, and South Korea will enforce stricter social distancing rules. Meanwhile, the second-quarter earnings-reporting season will begin tomorrow, and investors will want to see if the earnings can match equity… Read More
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