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HomeNewsGlobal NewsDow futures gains 55 points, U.S. market news July 19th

Dow futures gains 55 points, U.S. market news July 19th

Dow Futures contract was up 55 points, or 0.2%, around 06:30 ET (10:30 GMT), while the S&P 500 Futures were up 3 points, or 0.1%, and the Nasdaq 100 Futures were up 24 points, or 0.2%.

Today’s main U.S. market news-

  1. What’s moving markets: Tesla, Netflix, and Goldman Sachs reporting
  2. Futures rise slightly as Wall Street gets ready for new results
  3. The Nasdaq outperforms earnings forecasts due to robust demand for financial products.
  4. Citizens Financial tops second-quarter profit projections thanks to an increase in interest income.
  5. Brent oil is trading above $80 per barrel as inflation fears subside.
  6. Volvo improves market outlook following Q2 earnings increase
  7. The dollar recovers as a result of consumer resilience in the United States, while sterling falls.
  8. Dow futures remain unchanged, but Western Alliance Bancorp falls 3.1% after earnings.
  9. On the rise in the dollar, gold prices decline as traders anticipate a Fed pause.
  10. Carvana agrees to a $1.2 billion debt reduction deal with noteholders.
  11. BofA’s pessimistic thesis is upheld as Omnicom declines 7% on disappointing Q2 earnings.
  12. The Dow Jones Industrial Average was up 1.06% at the closing of trading in the United States.
  13. US retail sales don’t meet estimates, but underlying sales are good. 
  14. Aurora Innovation is planning a $600 million private placement, and its stock is falling.
  15. US bank stocks rise on the strength of interest income and deal excitement, but the outlook remains mixed.
  16. Bank of America’s earnings rises due to interest income and a surprising gain in investment banking.
  17. VinFast, a Vietnamese electric vehicle manufacturer, will begin building a facility in the United States next week.
  18. J.B. Hunt misses profit and revenue targets due to low freight volumes.
  19. Twitter has been sued yet again for severance pay and unfairness during layoffs.
  20. Lockheed Martin improves its full-year outlook because to increased weapon demand.

GLOBAL NEWS 

  1. India’s markets were up at the close of trading, with the Nifty 50 up 0.42%.
  2. Australian equities closed the day higher, with the S&P/ASX 200 rising by 0.55%.
  3. Japanese stocks were up at the closing of trading; the Nikkei 225 was up 1.24%.
  4. As UK inflation slows, stocks rise but the pound falls.
  5. According to Cbank Governor Yi, China’s digital yuan transactions are gaining strength.
  6. The value of China’s central bank’s structural policy instruments has increased to $952 billion.
  7. Asian stocks jump as investors bet on Fed rate hikes, while China lags.
  8. GIFT Nifty: According to GIFT Nifty trends, the whole Indian index has started flat after losing 1.50 points. The price of the Nifty futures was about 19,802.
  9. Asian stock markets mainly rose, with Taiwan Weighted up 0.3 percent, Nikkei up 1%, Straits Times up 0.2 percent, and Hang Seng down 1%.
  10. Oil prices remain stable as a result of China’s stimulus, with attention focused on US inventories.
  11. The pound falls after lower inflation figures, while the yen is under pressure once more.
  12. UK inflation has dramatically slowed, providing some respite to the Bank of England.
  13. Stocks are mixed, and sterling is under pressure as UK inflation slows.
  14. Nissan and Renault are preparing to unveil a new alliance agreement in the coming days, according to sources.
  15. Renault’s first-half sales increased by 13%.
  16. China will create preparations to stabilise growth in ten industries, including automobiles and steel.
  17. VinFast, a Vietnamese electric vehicle manufacturer, will begin building a facility in the United States next week.
  18. The CPI in New Zealand rose 1.1% in the second quarter, somewhat quicker than projected.
  19. France’s stocks ended the day higher, with the CAC 40 up 0.38%.
  20. At the closing of trading, Israeli equities were up; the TA 35 was up 2.26%.
  21. At the finish of trading, German markets were mixed, with the DAX rising 0.35%.

ECONOMIC DATA

  • Retail Sales gained +0.2% m/m in June, falling short of the +0.5% projection; June retail sales excluding cars and gas up +0.3% m/m, in line with consensus estimates; US gasoline sales declined -1.4% m/m in June, compared to -2.1% in May; June Retail Sales Ex-gasoline increased +0.3% versus May +0.7%.
  • Industrial Production decreased (-0.5%) in June compared to the anticipated of 0.0%, while Capacity Utilization was reported at 78.9%, significantly below the consensus of 79.5%.
  • July NAHB Housing Market Index 56 (consensus 56), up from 55 in June; index of current single-family home sales 62, up from 61 in June; index of home sales over the next six months 60, up from 62 in June; index of prospective buyers 40, up from 37 in June.
  • May business inventories increase +0.2% vs. consensus +0.2% and vs. April +0.1% (prev +0.2%); May inventory/sales ratio 1.40 months vs. April 1.40 months; May business sales increase +0.2% vs. April -0.1% (prev +0.1%).

Economic Calendar

  •     7:00 AM ET                  MBA Mortgage Applications Data
  •      8:30 AM ET                  Housing Starts M/M for June
  •      8:30 AM ET                  Building Permits M/M for June
  •      10:30 AM ET                Weekly DOE Inventory Data
  •      1:00 PM ET                 US Treasury to sell $12B in 20-year notes.

Other Key Events:

     Oppenheimer Montauk Life Sciences Summit, 7/18-7/20, in NY

     SEC Chairman Gensler to testify before the Senate.

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