• 239
  • 35
  • Favorite

Toplines Before US Market Open on Monday

Tiger Newspress2021-07-12

Futures tracking the Dow and the S&P 500 indexes edged lower on Monday after Wall Street rallied to new peaks in the previous session, with investors awaiting the start of the second-quarter earning season and a batch of economic data.

At 8:10 a.m. ET, Dow E-minis were down 122 points, or 0.35%, S&P 500 E-minis were down 7.5 points, or 0.17% and Nasdaq 100 E-minis were up 33.25 points, or 0.22%.

*Source From Tiger Trade, EST 08:10

Starting Tuesday, earnings reports are due from JPMorgan Chase, Goldman Sachs, Bank of America and other big banks, with market participants looking for early clues on the economy and stocks tied to growth.

Shares of the big lenders fell between 0.9% and 1.0% in premarket trading.

Second-quarter earnings for S&P 500 companies are expected to rise 65.8%, according to IBES data from Refinitiv.

Stocks making the biggest moves in the premarket:

Virgin GalacticShares of the space company jumped 9% in premarket trading after CEO Richard Branson completed a long-awaited test flight to space on Sunday.It was the first spaceflight to date for Virgin Galactic carrying more than one passenger. Branson also became the first of the billionaire space company founders to ride his own spacecraft, beating Elon Musk and Jeff Bezos.

Cheesecake Factory The restaurant stock climbed more than 1% in premarket trading after Raymond Jamesupgraded the shares to outperform from market perform. The Wall Street firm said the market is underestimating the comeback for full-service restaurants. Cheesecake Factory shares have fallen about 8% in the past month.

Nordstrom Shares of the department store dipped slightly after the company said Sundayit has acquired a minority stakein four apparel brands owned by the online U.K. fashion house Asos. The brands — Topshop, Topman, Miss Selfridge and the activewear label HIIT — target younger consumers in their 20s. Financial terms of the deal weren't disclosed.

JPMorgan Chase ,Bank of AmericaMajor bank stocks traded lower across the board despite expectations for strong earnings reports this week. JPMorgan dipped 0.7%, while Goldman Sachs fell 0.5% and Bank of America shares traded 0.8% lower. The decline came as bond yields continued to drift lower. JPMorgan and Goldman Sachs kick off earnings season with results due out before the bell on Tuesday. Bank of America, Citigroup and Wells Fargo report on Wednesday.

United Continental ,CarnivalShares tied to the economic reopening were slightly weaker in premarket Monday. United Airline fell more than 1% after losing 2.3% month to date. Boeing and Delta Air Line both traded about 1% lower. Carnival, Norwegian Cruise Line and Royal Caribbean all fell over 1%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment35

  • Cassjo
    ·2021-07-13
    Ok
    Reply
    Report
  • replaygoh
    ·2021-07-13
    gogogo
    Reply
    Report
  • Superstar_L
    ·2021-07-13
    Like
    Reply
    Report
  • cgoh
    ·2021-07-12
    Comment 
    Reply
    Report
    Fold Replies
  • Jasminephyo
    ·2021-07-12
    Good
    Reply
    Report
  • heyheyhey88
    ·2021-07-12
    Like
    Reply
    Report
    Fold Replies
  • YouLim
    ·2021-07-12
    Amazing! Let’s all buy SPCE and to the moon!!! [Happy] 
    Reply
    Report
  • Munyee
    ·2021-07-12
    Wow pls like
    Reply
    Report
  • ShadowBan
    ·2021-07-12
    earnings season ?
    Reply
    Report
    Fold Replies
  • OMTTrading
    ·2021-07-12
    Are you telling me $SPCE is going to the moon? [開心] ?
    Reply
    Report
  • Nevstar
    ·2021-07-12
    Pls like and comment[財迷] 
    Reply
    Report
    Fold Replies
  • Bluem
    ·2021-07-12
    Good news!
    Reply
    Report
  • Poohtigger
    ·2021-07-12
    Like and reply 
    Reply
    Report
    Fold Replies
    • buysellbuy
      like and comment please
      2021-07-12
      Reply
      Report
    • Jkrapido
      K
      2021-07-12
      Reply
      Report
  • Mtortise
    ·2021-07-12
    i am on!
    Reply
    Report
  • GekChye
    ·2021-07-12
    Nice. 
    Reply
    Report
  • Jasminephyo
    ·2021-07-12
    Nice
    Reply
    Report
  • calvinchia
    ·2021-07-12
    nice
    Reply
    Report
  • JimmySiew
    ·2021-07-12
    Nice...
    Reply
    Report
    Fold Replies
  • Kendra96
    ·2021-07-12
    Please like 
    Reply
    Report
  • Joces
    ·2021-07-12
    Like and reply pls thx!
    Reply
    Report
    Fold Replies
    • buysellbuyReplying tocy888
      like and comment please
      2021-07-12
      Reply
      Report
    • cy888
      sure
      2021-07-12
      Reply
      Report
    • Joces
      Hjhjhj
      2021-07-12
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial