Wall Street opened Friday’s session with modest gains after the US500 and US100 indexes set new record highs on Thursday. At the time of publication, US100 is up 0.05%, US500 up 0.03%, while US2000 is down 0.45%.
Today’s macroeconomic releases are not attracting much attention in the market. The most important report of the day was June durable goods orders, which fell by 9.3% m/m to $311.8 billion, less than the expected -10.4% (previously +16.5%, revised from +16.4%).
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Create account Try a demo Download mobile app Download mobile appIn the stock market, Intel (INTC.US) stands out, losing nearly 10% after reporting weaker-than-expected Q2 earnings and providing cautious guidance for Q3. The company also announced a 15% workforce reduction.
US500 (D1 interval)
The US500 index has rebounded nearly 32% from its early April low. Today, it is gaining another 0.04% to 6,408 points.
Company news
Deckers Outdoor (DECK.US) jumped 12.30% after a strong FQ1, with 17% revenue growth driven by HOKA and UGG brand sales. FQ2 guidance also beat expectations, with projected sales of $1.38B–$1.42B and EPS of $1.50–$1.55.
Paramount Global (PARA.US) rose 0.50% after the FCC approved its acquisition by Skydance, clearing the final regulatory hurdle. Skydance committed to unbiased news at CBS and avoiding DEI policies, helping seal the deal.
Intel (INTC.US) fell 10% after mixed Q2 results and weak Q3 EPS guidance ($0.00 vs. $0.04 est.), despite revenue outlook beating consensus. The company is restructuring, cutting 15% of jobs and scaling back factory plans in Europe and Costa Rica.
