(As of 7:10 am PST)
International news is triggering some movement in the US
markets while earnings are impacting sector moves. News out of China was upbeat as the world’s
second-largest economy reported a rise in manufacturing activity that was
greater than expected. Asian markets
were mixed most of the trading day but finished the day down. Europe is higher on the China news and US
company earnings. The US equity markets
are slightly higher as investors continued to wade through earnings
reports. Some names worth noting today
include Ford, who provided an optimistic profit guidance that has propelled
shares higher. 3M beat estimates as did
AT&T and Southwest Airlines. Tech
giants Microsoft and Amazon are set to report after the closing bell
today. It’s nice to see a defined trade
on earnings, instead of large macro events swinging the markets. Expect earnings to overshadow economic data
for the remainder of the week.
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