Stock futures mixed as earnings season rolls on


You Might Also Like

– Advertisement –

Dow constituents Microsoft, Boeing, McDonald’s, Coca-Cola and Visa all reported

– Advertisement –

There was little change in US stock futures on Wednesday morning as investors sifted through multiple corporate earnings reports.

The Dow Jones Industrial Average futures were up 22 points, or 0.06%, while the S&P 500 futures and Nasdaq 100 futures were down 0.05% and 0.11%, respectively. The quiet session comes a day after both the Dow and the S&P 500 closed at all-time highs.


Dow component Microsoft Corp reported a 48% increase in net income compared to a year ago, as revenue grew at the fastest pace in three years. Despite declining Windows sales and a slowdown in revenue from its cloud-computing business, both earnings and sales exceeded Wall Street estimates despite supply chain disruptions in the PC market.

Elsewhere in the Dow, Boeing Co. posted a profit for the second straight quarter as the planmaker accelerated deliveries of its 737 MAX jet.

– Advertisement –

McDonald’s Corp said same-store sales exceeded pre-pandemic levels as higher prices, larger order sizes and new menu items provided a lift.

The Coca-Cola Company increased its full-year profit outlook as the reopening of cinemas, restaurants and other locations fueled demand for soda.

Visa Inc. reported that foreign spending rose 38% compared to last year, but said border closures were affecting business. Earnings and earnings both exceeded expectations.

In technology, Alphabet Inc. outperformed both the top and bottom, as advertising revenue grew 43% year over year. Apple’s privacy changes had a minor impact on revenue from the company’s YouTube unit.

Meanwhile, Twitter Inc. said Apple’s privacy changes had less impact than expected. Earnings topped analysts’ expectations, but both sales and monetizable daily active users fell short.

AMD Inc. reported stronger-than-expected results and raised its full-year sales outlook due to confidence that it can overcome supply chain challenges and strong demand for chips used in gaming consoles and data center servers. can fulfill.

Meanwhile, General Motors Co. beat earnings and missed out on revenue, saying full-year results would reach the high end of its guidance.

In commodities, West Texas Intermediate crude declined by $1.15 to $83.50 an ounce and gold by $3.20 to $1,790.20 an ounce.

Foreign markets traded with a fall.

Get Granthshala Business on the go by clicking here

Shares in Europe were weaker, with Britain’s FTSE 100 down 0.34%, while Germany’s DAX 30 and France’s CAC 40 fell 0.45% and 0.49%, respectively.

In Asia, Japan’s Nikkei 225 lost 0.03%, China’s Shanghai Composite 0.98% and Hong Kong’s Hang Seng index fell 1.57%.

– Advertisement –

Related News

Next Post

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending News