(As of 7:05 am PST)
It’s another busy earnings day on Wall Street. Shares of Delta Airlines and Boeing lifted
early after reporting positive earnings results, while shares of Facebook fell
ahead of its earnings announcement.
Apple is also on the calendar to report today as investors are looking
for earnings of $10.19 per share on $43.7 billion in revenue for the fiscal
first quarter. Economic news was light
once again. Global manufacturing PMI
data is trickling in. China’s flash PMI
improved for the first time in 4 months but still remained in contractionary
territory. Most European manufacturing
reports showed improvement but not enough to lift European equity markets. And finally at home, the US flash
manufacturing PMI slipped in April adding to the losses on the day. Escalating tensions in the Russia-Ukraine
conflict is adding to market worries today with most major international
indexes in the red. Gold is up slightly
while oil is down nearly 2%. Interest
rates are lower as treasuries traded up.
After a 6 session winning streak on Wall Street, it looks like we may be
in for some profit taking today.
No comments:
Post a Comment