Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
Global markets are looking chilled Thursday. But watch out for a bunch of quarterly earnings that could shift investor sentiment.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
Global markets are looking chilled Thursday. But watch out for a bunch of quarterly earnings that could shift investor sentiment.
1) Endless earnings
1) Endless earnings
Quarterly reports will keep coming in from companies such as Cigna (CI), T-Mobile (TMUS), Time Warner Cable (TWC) and Virgin America (VA). These firms are reporting before the opening bell. Fiat Chrysler Automobiles (FCAM) is among the companies reporting after the close.
2) Stock market movers
2) Stock market movers
Facebook, Whole Foods: Shares in Facebook (FB, Tech30) are falling by about 2.5% premarket after the company reported earnings on Wednesday.
There were high expectations ahead of the quarterly report and Facebook managed to beat earnings and growth expectations.
But investors seem to be feeling a little letdown after bidding up shares by 24% since the start of the year.
Whole Foods (WFM) stock slumped by about 11% in extended trading after its quarterly earnings report missed expectations.
3) Market overview
3) Market overview
U.S. stock futures are looking a little weaker ahead of the open.
This follows a positive Wednesday when the Dow Jones industrial average and the S&P 500 each edged up by 0.7% and the Nasdaq added 0.4%.
European markets are mostly positive in early trading, while Asian markets ended with mixed results.
4) Economics
4) Economics
The U.S. Department of Labor will post new weekly jobless claims data at 8:30 a.m.
ET. New unemployment claims have climbed in recent weeks, but the week ending July 18 saw just 255,000 new claims. That's the lowest initial unemployment claims report since 1973. Also at 8:30 a.m., the Bureau of Economic Analysis will release GDP data for the second quarter.
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