- US stocks mixed
- Weekly jobless claims highest since May
- AT&T (T.US) stock rises as Q2 earnings beat expectations
US indices launched today's session in mixed moods as initial jobless claims jumped to a 2-month high of 419K well above market estimates of 350k, raising further concerns about the condition of the US labour market. On the earnings front, results from AT&T, Biogen and Blackstone surprised on the upside. Intel will provide its quarterly figures after market close.
US2000 fell sharply during today’s session and is approaching major support at 2206 pts which coincides with 50 SMA (green line) and 61.8 Fibonacci retracement of the recent upward wave. Should break lower occur, then downward move may accelerate towards next support at 2160 pts. On the other hand, if buyers manage to halt declines, then another upward impulse towards resistance at 2258 pts may be launched. Source: xStation5
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Create account Try a demo Download mobile app Download mobile appAT&T (T.US) stock rose more than 1% in premarket after the telecommunications company reported better than expected quarterly figures. AT&T earned 89 cents per share, while analysts expected earnings of 79 cents per share. Revenue also beat market estimates. Company added a greater number of wireless subscribers than expected and also saw a jump in signups for its various HBO services.
AT&T (T.US) stock managed to break above resistance at $28.20 which is marked with the upper limit of the 1:1 structure. If bullish sentiment prevails then resistance at $28.62 may be at risk. However if sellers will manage to regain control then another downward impulse towards support at $27.55 may be launched. Source: xStation5
Unilever (UL.US) posted upbeat Q2 sales and earnings figures, however the consumer products giant announced that a significant increase in commodity costs would hurt its full-year profit margins.
Southwest Airlines (LUV.US) stock lost more than 2.0% in the premarket after the company posted mixed quarterly figures. Company reported 35 cents per-share loss which was wider than the 23 cent loss analysts were expecting. Revenue topped market expectations, and the company expects to remain profitable for the remainder of the year.
Dow Inc. (DOW.US) stock rose nearly 1% in premarket after the chemical company beat earnings estimates by 27 cents with quarterly a profit of $2.72 per share. Revenue alco came in above market estimates, as sales received a boost from higher prices and tight supplies. Dow also sees an upbeat second half as global economies improve.
