(As of 7:15 am PST)
Stocks
opened mixed to kick off Tuesday’s trading session with the Nasdaq and
S&P500 opening flat while the blue chip Dow traded 100 points lower. It
looks to be an earnings dominated day with very little economic news competing
for investor’s attention. With a recent relief rally underway, spurred by
positive developments in the Greece saga, markets have come marching back with
the Nasdaq Composite Index closing at an all-time record high on Monday. The
‘tech-heavy’ benchmark should see lots of activity today as several big name
tech companies get set to announce Q2 earnings throughout the day. Headlining
the earnings calendar is Apple Inc., which is scheduled to report earnings
after today’s closing bell. The iPhone maker is expected to report fiscal third
quarter earnings of $1.81 per share on revenue of $49.3 billion. Also on the schedule
today are reports from Microsoft, Yahoo, and IBM. In other news, European
stocks look on pace to finish a choppy session lower, which will snap a nine
session winning streak for Europe’s Stoxx 600 index – its longest since April
2014. Asian markets finished Tuesday’s session higher. Gold prices are taking a
breather today after tumbling near a five year low yesterday, while oil prices
are up slightly. Interest rates and the US dollar are down slightly.
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