FYI: The Dow Jones Industrial Average flipped between gains and losses Monday, as investors prepared for a week filled with fresh economic data and more corporate earnings reports.28
The blue-chip index ticked up 17 points, or 0.07%, to 27171. The S&P 500 ticked up 0.28% as technology stocks advanced 1.1%, offsetting losses elsewhere. The Nasdaq Composite rose 0.71%.
Earnings season is in full swing, with Google parent Alphabet, e-commerce giant Amazon and social-networking company Facebook among notable companies reporting quarterly results later in the week. Second-quarter earnings for S&P 500 companies are expected to fall 2.1% from a year earlier, according to FactSet.
We need to see a pretty big improvement in corporate earnings to justify any further price appreciation from where we are right now,” said Sam Stovall, chief investment strategist at financial-research company CFRA. “Expectations for earnings growth is coming in softer than previously expected for next year and heading into 2020.”
In Monday’s action, shares of Dow component Boeing fell 0.8% after Fitch Ratings issued a negative outlook for the company, citing the impact of the aerospace giant’s grounded 737 Max jetliners.
Shares of Equifax rose 0.9% after the credit-reporting company said it would pay $700 million to settle a nationwide class-action lawsuit related to a breach in 2017 that exposed the data of close to 150 million Americans.
Meanwhile, Halliburton topped analysts’ profit estimates in the second quarter, but the oil-field-services company said its business in North America slowed down. Halliburton shares jumped 7.1%.
In commodities, Brent crude, the global benchmark, rose 1.5% to $63.40 a barrel as tensions mounted in the Persian Gulf. Iran seized a British-flagged tanker in the Persian Gulf on Friday.
Elsewhere, the Stoxx 600 in Europe rose 0.1%. In Asia, China’s benchmark Shanghai Composite Index and Hong Kong’s Hang Seng fell 1.3% and 1.4%, respectively.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-07-18/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/stock-futures-point-to-higher-start-ahead-of-earnings-deluge-2019-07-22/printWSJ:
https://www.wsj.com/articles/new-chinese-tech-exchange-a-bright-spot-as-global-stocks-slip-11563782991Bloomberg:
https://www.bloomberg.com/news/articles/2019-07-21/asia-stocks-to-slip-after-u-s-drop-iran-tension-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-up-chip-stocks-big-cap-stocks-to-watch/CNBC:
https://www.cnbc.com/2019/07/22/us-stock-futures-slightly-higher-on-hopes-of-a-smaller-fed-rate-cut.htmlReuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-edges-higher-ahead-of-major-earnings-central-bank-meetings-idUSKCN1UH17OU.K:
https://uk.reuters.com/article/uk-britain-stocks/oil-majors-lift-ftse-100-ted-baker-surges-on-ma-chatter-idUKKCN1UH0R6Europe:
https://www.reuters.com/article/us-europe-stocks/european-stocks-end-quiet-trading-session-barely-up-idUSKCN1UH0O3Asia:
https://www.marketwatch.com/story/asian-shares-mostly-fall-as-new-stock-market-debuts-in-shanghai-2019-07-21/printBonds:
https://www.cnbc.com/2019/07/22/us-bonds-market-participants-consider-smaller-fed-rate-cut.htmlCurrencies:
https://www.cnbc.com/2019/07/22/forex-markets-dollar-middle-east-in-focus.htmlOil:
https://www.cnbc.com/2019/07/22/oil-markets-middle-east-in-focus.htmlGold:
https://www.cnbc.com/2019/07/22/gold-markets-us-federal-reserve-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
