📈 Stock Market Today: Jobless Claims make post pandemic lows, futures lower
Here's what is happening in the markets today, Thursday, July 15th:
- Fed Chair Jerome Powell remains in the spotlight today with more testimony from Powell as he appears before the Senate Committee at 9:30am ET.
- Weekly Jobless Claims came in at 360k (forecast 350k) lower than last week's 386k but a new post pandemic low.
- Morgan Stanley (MS) lower by -1.4% pre-market after reporting better than expected earnings. EPS 20 cents better at $1.85 per share and a rev beat.
- US Bancorp (USB) - up 0.8% pre-market with a EPS beat at $1.28EPS better by 0.14 and a rev beat. #'s helped by improving economy which boosted credit and debit card revenue.
- Bank of New York Mellon (BK) - down -4.0% pre-market better than expected earnings with a beat of $0.13 at $1.13EPS, also reauthorized stock repurchase of up to 6 billion shares.
- UnitedHealth Group (UNH) - lower by 0.7% pre-market saw profits fall by a 1/3 compared to last year but they did have an earnings beat with $4.70EPS vs. $4.43 expected.
- Falling bond yields are putting pressure on banks.
- Netflix (NFLX) higher pre-market after news that it hired a veteran gaming executive, with hopes to tap into the video game market.
- Crude Oil deal? There are conflicting reports that Saudi Arabia and the UAE have made a compromise on production levels.
- AMC down 4 days straight and lower 8 out of the last 9 sessions.
- Weekly Jobless Claims came in at 360k (forecast 350k) lower than last week's 386k but a new post pandemic low.
- Morgan Stanley (MS) lower by -1.4% pre-market after reporting better than expected earnings. EPS 20 cents better at $1.85 per share and a rev beat.
- US Bancorp (USB) - up 0.8% pre-market with a EPS beat at $1.28EPS better by 0.14 and a rev beat. #'s helped by improving economy which boosted credit and debit card revenue.
- Bank of New York Mellon (BK) - down -4.0% pre-market better than expected earnings with a beat of $0.13 at $1.13EPS, also reauthorized stock repurchase of up to 6 billion shares.
- UnitedHealth Group (UNH) - lower by 0.7% pre-market saw profits fall by a 1/3 compared to last year but they did have an earnings beat with $4.70EPS vs. $4.43 expected.
- Falling bond yields are putting pressure on banks.
- Netflix (NFLX) higher pre-market after news that it hired a veteran gaming executive, with hopes to tap into the video game market.
- Crude Oil deal? There are conflicting reports that Saudi Arabia and the UAE have made a compromise on production levels.
- AMC down 4 days straight and lower 8 out of the last 9 sessions.