Good MorningU.S. equity markets shrugged off concerns about the Delta variant and a move in China to crack down on gaming companies. All three major indexes finished at or near record highs. The catalyst continues to be corporate earnings that are exceeding expectations for the most part.
Factory orders came 1.5% higher in July. That was down from the 2% gain in the prior month but it was better than expected. And in this market, that’s enough to get stocks moving higher.
Energy stocks also got a boost as crude oil rallied from early losses. And the 10-year Treasury note also closed lower at 1.17 percent, but it had been as low as 1.15 percent earlier in the session.
Markets will continue to be volatile as markets await the all-important jobs report on Friday.
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Stocks | | | Remember, just because a stock’s share price has not passed the century mark doesn’t mean it won’t do so in the future, and the fact that you can get more bang for your buck by shopping for companies at this price point is certainly intriguing.
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Markets | | | Marriott stock is dropping after the company issued a solid earnings report. It seems consumer travel is back, but investors are less sure about the return of the business traveler and that is calling MAR stock's valuation into question. Read the Full Story |
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Markets | | | Investors who bought AWK stock five years ago would be sitting on a gain of 107%. However, the stock is now bumping up against its 12-month price target. In this article, we'll explain why income investors shouldn't be bothered by that at all. Read the Full Story |
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Markets | | | Asian stocks were mostly higher Wednesday as traders mirrored overnight gains on Wall Street during another busy earnings week.
Both the Kospi in South Korea and the Hang Seng in Hong Kong rose 1.3%, to 3,279.65 and 26,526.98 respectively. The Shanghai Composite index gained 0.9% to ... Read the Full Story |
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Markets | | | World stocks were mixed Wednesday as concerns about the risk of the spread of the delta variant of the coronavirus set in.
Wall Street positioned for losses, with futures for the S&P 500 index slipping 0.1% to 4,410.75 despite expectations of continued strong corporate earnings. ... Read the Full Story |
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Tech | | | Sony’s April-June profit rose 9% to 211.8 billion yen, or $1.9 billion, as the Japanese electronics and video game maker continued to benefit from a sales perk from the hit “Demon Slayer” animation film Read the Full Story |
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Markets | | | Honda returned to profitability in April-June, recording a 222.5 billion yen ($2 billion) profit, as better sales and costs cuts added to the Japanese automaker’s bottom line.
Honda Motor Co. had racked up a 80.8 billion yen loss the same period the previous year, when the entire aut... Read the Full Story |
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Tech | | | Toyota reported Wednesday a record 897.8 billion yen ($8.2 billion) profit for the fiscal first quarter, underlining the Japanese automaker’s resilience even amid the coronavirus pandemic.
Toyota Motor Corp.’s April-June profit zoomed more than five-fold from 158.8 billion yen the sa... Read the Full Story |
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Markets | | | Fast-casual restaurant chain Denny’s, Inc. (NASDAQ: DENN) stock has been in a steady downward spiral since peaking off it $19.99 post-pandemic peak. Restaurant stocks are facing the fear of more regional capacity and lockdowns on fears of the rapidly spreading Delta variant of the COVID-19 vir... Read the Full Story |
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According to research conducted by Personal Capital, "financial wellness" can affect your overall health. Personal Capital's research found t... Read the Full Story |
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