-
Wall Street starts today's session higher
-
Alphabet extends yesterday's declines
-
Disney, Philip Morris and PepsiCo boast better quarterly results
Thursday's session on US Wall Street started on a positive note. Futures are currently trading well above yesterday's closing levels. Investor sentiment is currently being weighed down by Alphabet (GOOGL.US), which is extending yesterday's declines following a slip-up in advertising for its proprietary AI BART. Disney, Philip Morris and PepsiCo boast better quarterly results.
US jobless claims:
US jobless claims come in at 196k against expectations of 190k and the previous level of 183k. The labor market remains tight.
Continuous Jobless claims also continued upwards, but not by much. Level at 1.688 million against an expectation of 1.660 million and against a previous level of 1.650 million.
S&P500 index (US500) futures chart. Today's session started with increases in the quotations of the benchmark 500 largest US companies. The quotations continue to consolidate in the 50% Fibo retracement zone. Source: xStation 5
Company news:
-
Pepsi (PEP.US) shares gained more than 1.5% before the opening of the session on Wall Street, after the beverage and snacks giant released better-than-expected quarterly figures, mainly due to price increases. The company also decided to raise its annual dividend.
Source: xStation 5
-
Disney (DIS.US) shares gained more than 7% ahead of the open as the company reported successful quarterly results that reassured analysts despite a higher-than-expected loss from its streaming services. Re-assuming the position of CEO, Bob Iger shared with the market a convincing plan to restructure the business and drive Disney's profitability through cost reductions and a sensible spending programme.
-
Philip Morris International (PM.US) shares gained nearly 2% early in the session following the release of much better-than-expected quarterly results. EPS came in at US$1.39 against expectations of US$1.26. Revenues came in at US$8.15bn versus US$7.51bn.
The largest percentage changes among US companies early in today's session. Investors' attention is primarily drawn to Alphabet (GOOGL.US), which continues the sell-offs initiated during yesterday's session.
US focus: three things to watch this week
The Week Ahead
Daily summary: Sentiments on Wall Street stall at the end of the week🗽US Dollar gains
AbbVie near 1-month low after earnings report 📉
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
