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US STOCKS: Trimming Losses Ahead Fresh Round of Corporate Earnings

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks remain weaker late Wednesday, off second half lows as accounts pare shorts ahead a fresh round of corporate earnings after the close.
  • A sampling of companies expected to announce after today's close include: Western Union, T-Mobile, Whirlpool Corp, O'Reilly Automotive, IBM, Lam Research Corp, Newmont, Tesla, United Rentals, Teradyne, Las Vegas Sands and Raymond James.
  • Currently, the DJIA trades down 434.05 points (-1.01%) at 42489.79, S&P E-Minis down 61.5 points (-1.04%) at 5831.25, Nasdaq down 331 points (-1.8%) at 18242.23.
  • Information Technology and Consumer Discretionary sectors continued to underperform after a wave of early earnings announcements from Hilton, Boston Scientific, AT&T, Evercore, Coca-Cola, General Dynamics, and Boeing to name a few.
  • Headline laggers included Enphase -15.83% after reporting "challenging conditions in European markets" Tuesday, Seagate -8.19%, CoStar Group -6.93%, Old Dominion -5.96%. Of note, McDonalds trades -4.75% after an E.coli outbreak tied to the fast food purveyor's Quarter Pounder burger.
  • Real Estate, Utility and Financial sector shares continued to lead gainers in the second half: Northern Trust +7.39%, Packaging Corp of America +5.46%, Smurfit WestRock +4.76% while AT&T gained 4.51%.
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  • Stocks remain weaker late Wednesday, off second half lows as accounts pare shorts ahead a fresh round of corporate earnings after the close.
  • A sampling of companies expected to announce after today's close include: Western Union, T-Mobile, Whirlpool Corp, O'Reilly Automotive, IBM, Lam Research Corp, Newmont, Tesla, United Rentals, Teradyne, Las Vegas Sands and Raymond James.
  • Currently, the DJIA trades down 434.05 points (-1.01%) at 42489.79, S&P E-Minis down 61.5 points (-1.04%) at 5831.25, Nasdaq down 331 points (-1.8%) at 18242.23.
  • Information Technology and Consumer Discretionary sectors continued to underperform after a wave of early earnings announcements from Hilton, Boston Scientific, AT&T, Evercore, Coca-Cola, General Dynamics, and Boeing to name a few.
  • Headline laggers included Enphase -15.83% after reporting "challenging conditions in European markets" Tuesday, Seagate -8.19%, CoStar Group -6.93%, Old Dominion -5.96%. Of note, McDonalds trades -4.75% after an E.coli outbreak tied to the fast food purveyor's Quarter Pounder burger.
  • Real Estate, Utility and Financial sector shares continued to lead gainers in the second half: Northern Trust +7.39%, Packaging Corp of America +5.46%, Smurfit WestRock +4.76% while AT&T gained 4.51%.