Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Record run continues
1. Record run continues
The Dow Jones industrial average has been climbing for the last eight consecutive trading days. The index is now sitting at its highest level ever following its longest winning streak in years.
And investors are still buying. U.S. stock futures are edging up right now and European markets are rising a bit.
Trading in Asia was muted and mixed.
2. Market movers
2. Market movers
Shares in Microsoft (MSFT, Tech30) are set to surge at the open after the company reported better-than-expected quarterly results showing its big bet on cloud computing is paying off.
Sales from Microsoft's cloud division hit $6.7 billion in the most recent quarter, 7% up from a year earlier.
Shares in global miners are sinking in London, with Anglo American (AAUKF) leading the way down with a 6% drop. This comes as Anglo and other miners release quarterly production updates.
3. Party over for Nintendo?
3. Party over for Nintendo?
Shares of Nintendo Ltd (T:7974) fell for the first time since the July 6 release of Pokémon Go on reports that the company could delay the game’s launch in Japan.
Shares were still up almost 90% since the game was released as the company doubled its market capitalization.
Japan’s McDonald’s Holdings Company (Japan) Ltd (MU:2702) also jumped 10% on separate news that the fast-food chain would sponsor the game, according to TechCrunch.
4. Following GOP
4. Following GOP
Ted Cruz, Marco Rubio, Newt Gingrich and vice presidential nominee Mike Pence are slated to speak Wednesday at the Republican convention, after Donald Trump was formally adopted as presidential candidate on Tuesday.
But markets are still waiting for the man himself.
"His big speech is not until Thursday so markets are unlikely to pay too much attention to the convention before then," noted Paul Donovan, a global economist at UBS.