Dow Futures rose 70 points, or 0.2%, S&P 500 Futures up 12 points, or 0.3%, and Nasdaq 100 Futures rose 45 points, or 0.3%, around 06:40 ET (10:40 GMT).
Today’s main U.S. market news-
- What’s moving markets? The Fed’s decision and earnings, as well as Twitter’s rebranding plan.
- Futures prices rise ahead of more Big Tech earnings and a Fed decision.
- As the AI focus remains strong, Big Tech appears to be turning the corner on cloud.
- Apple has asked its suppliers to ship approximately 85 million new iPhones in 2023, according to Bloomberg.
- Simply Self Storage will be acquired by Public Storage for $2.2 billion.
- CGI Group will invest $1 billion to expand its AI capabilities.
- Sam Altman of OpenAI has launched the Worldcoin cryptocurrency initiative.
- J&J has launched a share exchange offer for Kenvue, a consumer health spin-off.
- Domino’s Pizza falls short of its quarterly same-store sales target.
- Foxconn will acquire a 50% share in ZF’s axle system unit.
- Adidas has received $565 million in requests for unsold Yeezy sneakers- FT
- Analysts believe Meta’s Threads could entice advertisers away from Twitter.
- A planned settlement on AMC Entertainment (NYSE:AMC) that would allow the business to issue more shares has been halted by a US court judge.
- Dow futures fall, earnings and the Fed decision are in the spotlight
- Elon Musk has stated that Twitter’s blue bird emblem will be replaced by an X.
- The American Airlines union has postponed a vote on a contract agreement.
- Chevron’s earnings were $0.10 higher than expected, and revenue above expectations.
- CME Group will lay off 3% of its personnel and reallocate jobs.
- Spotify intends to hike premium plan prices in the United States -WSJ
GLOBAL NEWS
- Asian stocks are moving past Fed concerns, and Japan is rallying on robust results.
- European equities fall; German PMI disappoints, and Philips falls.
- The dollar falls as the critical central bank week begins.
- UK company growth slows to its worst in six months as rate hikes weigh: PMI
- Spanish banks and utilities companies have taken a knock as investors are concerned about the next election.
- Mexico’s economy will slow in tandem with the slowing of US growth, according to a Reuters poll.
- The euro falls after dismal corporate activity data, and central banks are under scrutiny.
- Vodafone reports higher revenue growth and a new CFO.
- The euro falls after business activity statistics, and all eyes are on central banks.
- The eurozone’s economic slowdown deepens significantly more than expected in July, according to the PMI.
- In June, producer prices in Spain fell 8.1% year on year.
- Mitsubishi’s results beat expectations, propelling Japanese manufacturers higher.
- According to Julius Baer, Net profit increased by 18% in the first quarter.
- Oil prices fall as the Fed fears a rate hike.
- Gold falls as Fed Week begins, while copper suffers from China worries.
- According to a Reuters survey, India’s economy would continue to rank first in terms of GDP but not in terms of employment growth.
- The yen is under pressure as markets await policy announcements.
- Stellantis and Samsung SDI have agreed to develop a second battery facility in the United States.
- Bain will purchase a 90% stake in Adani Capital and Adani Housing.
Economic Calendar
- 8:30 AM National Activity Index for June
- 9:45 AM S&P Global Manufacturing PMI-July-F
- 9:45 AM S&P Global Services PMI, July-F
- 1:00 PM US Treasury to sell $42B in 2-year notes.
Must read a book about investing – check here
For details
Dow futures Dow futures Dow futures Dow futures Dow futures Dow futures Dow futures
Dow futures Dow futures
Dow futures Dow futures Dow futures Dow futures