Market news
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19:00
DJIA -0.80% 34,834.82 -281.58 Nasdaq +0.20% 14,791.27 +29.98 S&P -0.32% 4,409.04 -14.11
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16:02
European stocks closed: FTSE 100 7,123.86 +18.14 +0.26% DAX 15,692.13 +137.05 +0.88% CAC 40 6,746.23 +22.42 +0.33%
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13:32
U.S. Stocks open: Dow -0.62%, Nasdaq -0.01%, S&P -0.34%
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13:08
Before the bell: S&P futures -0.27%, NASDAQ futures -0.12%
U.S. stock-index futures dropped on Wednesday, as investors digested the Q2 earnings report from the U.S. largest car manufacturer General Motors (GM; -3.9%) and weaker-than-expected private-sector jobs report from ADP.
Global Stocks:
Index/commodity
Last
Today's Change, points
Today's Change, %
Nikkei
27,584.08
-57.75
-0.21%
Hang Seng
26,426.55
+231.73
+0.88%
Shanghai
3,477.22
+29.23
+0.85%
S&P/ASX
7,503.20
+28.70
+0.38%
FTSE
7,121.96
+16.24
+0.23%
CAC
6,742.22
+18.41
+0.27%
DAX
15,639.92
+84.84
+0.55%
Crude oil
$69.30
-1.79%
Gold
$1,828.10
+0.77%
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13:00
S&P 500 Index to surge higher towards 4500 on a break above 4456 - Credit Suisse
FXStreet notes that S&P 500 is expected to see a deeper push into the zone at 4436/56. Nevertheless, economists at Credit Suisse continue to look to not chase strength through here for now and look for a “summer consolidation/correction” to emerge.
“Weakness has yet again been contained by high-level support from the recent low, the price gap from last Friday morning and 13-day exponential average at 4381/64. This keeps the immediate risk higher for a more concerted push into our Q3 objective zone at 4436/56, also trend resistance from April.”
“Whilst we continue to view the core trend as bullish, our bias remains not to chase strength through here for now and for a ‘summer consolidation/correction’ to emerge. We have to acknowledge though the strong underlying momentum and a close above 4456 would see the immediate risk stay higher for a move to the psychological 4500 level next.”
“Near-term support moves to 4410, then 4398, with key still the 4386/64 zone."
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12:50
Wall Street. Stocks before the bell
(company / ticker / price / change ($/%) / volume)
3M Co
MMM
200.2
-0.83(-0.41%)
473
ALCOA INC.
AA
40.02
-0.36(-0.89%)
17659
ALTRIA GROUP INC.
MO
47.73
-0.06(-0.13%)
19493
Amazon.com Inc., NASDAQ
AMZN
3,369.38
3.14(0.09%)
24443
American Express Co
AXP
167.5
-1.54(-0.91%)
9014
AMERICAN INTERNATIONAL GROUP
AIG
47.38
-0.36(-0.75%)
1534
Apple Inc.
AAPL
147.27
-0.09(-0.06%)
1749276
AT&T Inc
T
28.14
-0.05(-0.18%)
24477
Boeing Co
BA
227.05
-2.04(-0.89%)
29105
Caterpillar Inc
CAT
207.25
-1.25(-0.60%)
6014
Chevron Corp
CVX
101.58
-1.02(-0.99%)
13668
Cisco Systems Inc
CSCO
56.18
-0.07(-0.12%)
11953
Citigroup Inc., NYSE
C
68.23
-0.65(-0.94%)
50916
Deere & Company, NYSE
DE
363
-2.86(-0.78%)
689
E. I. du Pont de Nemours and Co
DD
74.01
-0.38(-0.51%)
1736
Exxon Mobil Corp
XOM
57.71
-0.49(-0.84%)
88119
Facebook, Inc.
FB
351.53
0.29(0.08%)
40713
FedEx Corporation, NYSE
FDX
280.29
-0.52(-0.18%)
1171
Ford Motor Co.
F
13.85
-0.17(-1.21%)
665177
Freeport-McMoRan Copper & Gold Inc., NYSE
FCX
36
-0.64(-1.75%)
35024
General Electric Co
GE
101.75
-1.31(-1.27%)
15959
General Motors Company, NYSE
GM
55.75
-2.13(-3.68%)
1411159
Goldman Sachs
GS
378.42
-1.94(-0.51%)
4366
Google Inc.
GOOG
2,720.00
-5.60(-0.21%)
1257
Hewlett-Packard Co.
HPQ
29.48
-0.05(-0.17%)
25429
Home Depot Inc
HD
331
-0.94(-0.28%)
1361
Intel Corp
INTC
54.09
0.03(0.06%)
31150
International Business Machines Co...
IBM
143.52
-0.55(-0.38%)
3623
Johnson & Johnson
JNJ
174.41
0.02(0.01%)
2295
JPMorgan Chase and Co
JPM
151.4
-1.49(-0.97%)
22853
McDonald's Corp
MCD
237.2
0.25(0.11%)
1547
Merck & Co Inc
MRK
76.45
0.04(0.05%)
5591
Microsoft Corp
MSFT
286.52
-0.60(-0.21%)
37972
Nike
NKE
170.75
-0.48(-0.28%)
12751
Pfizer Inc
PFE
46.08
0.40(0.88%)
612903
Procter & Gamble Co
PG
143.78
-0.17(-0.12%)
2664
Starbucks Corporation, NASDAQ
SBUX
118.5
-0.63(-0.53%)
8009
Tesla Motors, Inc., NASDAQ
TSLA
710.53
0.79(0.11%)
157111
The Coca-Cola Co
KO
56.78
-0.14(-0.25%)
9384
Twitter, Inc., NYSE
TWTR
68.6
-0.03(-0.04%)
11962
Verizon Communications Inc
VZ
55.65
-0.08(-0.14%)
330680
Visa
V
236.55
-0.54(-0.23%)
9660
Wal-Mart Stores Inc
WMT
143.65
-0.17(-0.12%)
10129
Walt Disney Co
DIS
172.51
-0.48(-0.28%)
17404
Yandex N.V., NASDAQ
YNDX
67.42
-0.10(-0.15%)
823
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12:41
Downgrades before the market open
Chevron (CVX) downgraded to Hold from Buy at DZ Bank; target $110
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12:14
Company News: General Motors (GM) quarterly results beat analysts’ expectations
General Motors (GM) reported Q2 FY 2021 earnings of $1.97 per share (versus -$0.50 per share in Q2 FY 2020), beating analysts’ consensus estimate of $1.85 per share.
The company’s quarterly revenues amounted to $34.200 bln (+103.8% y/y), beating analysts’ consensus estimate of $29.657 bln.
The company also raised its FY 2021 EPS guidance to $5.40-6.40 from $4.50-5.25 previously versus analysts’ consensus estimate of $6.90.
GM fell to $55.95 (-3.33%) in pre-market trading.
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10:52
Company News: (AMGN) quarterly results beat analysts’ estimates
Amgen (AMGN) reported Q2 FY 2021 earnings of $4.38 per share (versus $4.25 per share in Q2 FY 2020), beating analysts’ consensus estimate of $4.01 per share.
The company’s quarterly revenues amounted to $6.526 bln (+5.2% y/y), beating analysts’ consensus estimate of $6.451 bln.
AMGN closed Tuesday’s trading session at $244.08 (+1.79%).
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10:23
Company News: Lyft (LYFT) posts smaller-than-expected quarterly loss
Lyft (LYFT) reported Q2 FY 2021 loss of $0.05 per share (versus -$0.86 per share in Q2 FY 2020), better than analysts’ consensus estimate of -$0.25 per share.
The company’s quarterly revenues amounted to $0.765 bln (+125.5% y/y), beating analysts’ consensus estimate of $0.700 bln.
The company also guided for Q3 FY 2021 revenues of $0.850-0.860 bln versus analysts’ consensus estimate of $0.869 bln.
LYFT rose to $55.94 (+1.01%) in pre-market trading.
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