ReadThe Big Pictureevery day to stay in sync with the market direction and leading stocks and sectors. Qualcomm earnings and revenue slightly beat fiscal Q3 EPS and revenue views, though gross margin was a little light.

Stock news

The Federal Reserve is on a mission to bring inflation down from recent highs to a level closer to its long-term 2% target. The Dow Jones Industrial Average rose 1.4% in Wednesday’s stock market trading. Early Thursday,Merck and Pfizer beat views, with Merck raising its full-year sales target and Pfizer lifting the low Forex end of its EPS forecast. Merck stock, up about 1% early Thursday, has been trading near its 50-day line as it consolidated for the past two months. Sen. Joe Manchin, D-W.V., announced a deal with Senate Majority Leader Chuck Schumer late Wednesday on a reconciliation bill with tax, climate and energy provisions.

Putting Up A Good Defense: Defensive Sectors & Stocks Strategy For Investors

Our preview of the upcoming week’s earnings reports includes JPMorgan Chase , Delta Air Lines and UnitedHealth Group . The latest inflation data showed prices continued to rise at an accelerated clip in June, which sparked a volatile session on Wall Street. Our preview of the upcoming week’s earnings reports includes Twitter , Netflix and Johnson & Johnson . You can even take advantage of a dip to invest more, but not if it impacts your regular investing schedule, Muñoz advises. It’s hard to tell when there’s going to be a dip or correction, and “not even the best investors in history can time the market.” The best advice is to stick to your plan and keep investing. Tomorrow’s international economic calendar will hold trade data from Japan, retail sales from Australia, housing prices from the U.K., PPI from France, retail sales from Spain, as well as confidence data out of the Eurozone.

  • European equities finished mostly in the green as the global markets awaited today’s Fed monetary policy decision out of the U.S., while also sifting through a host of earnings results on both sides of the pond.
  • Equinix does not assume any obligation to update the forward-looking information contained in this press release.
  • The manager of hedge fund Melvin Capital also on Wednesday admitted to CNBC that the fund was letting go of its GameStop shorts.
  • Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
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Elizabeth Warren Warns That The Us Will Suffer A Devastating Recession If The Fed Doesn’t Ease Rate Hikes

We’re committed to keeping you in the know about the latest market and economic developments. Some on Wall Street are expecting sharp drops in home prices, while others are merely expecting rampant growth to slow. IBD Videos Get market updates, educational videos, webinars, and stock analysis. Growth stocks may be poking out of three-day Forex news consolidations but often within ugly charts. Facebook-parent Meta Platform’s earnings and revenue fell short, with the social media giant also guiding low on Q3 revenue. ORLY stock fell after earnings fell short and the auto parts retailer guided lower. LRCX stock fell slightly after better-than-expected quarterly results.

Revenue increased by $8.84 billion, or 46.8%, to $27.74 billion, well above the FactSet consensus of $25.49 billion. Excluding growth from COVID-19 vaccine Comirnaty and from COVID-19 treatment Paxlovid, revenue grew $128 million, or 1%.

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