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Market news: Joe Ward, Teslas (TSLA.O) Vice President of Business in Europe, the Middle East and Africa (EMEA), will lead the companys sales, service and delivery divisions.Cleveland Fed President Hammark, a 2026 FOMC voting member, will speak in ten minutes; the EIA will release its monthly Short-Term Energy Outlook report in ten minutes.The German DAX 30 index closed down 1.37 points, or 0.01%, at 25,003.37 on Tuesday, February 10th; the UK FTSE 100 index closed down 32.01 points, or 0.31%, at 10,354.22 on Tuesday, February 10th; the French CAC 40 index closed up 4.60 points, or 0.06%, at 8,327.88 on Tuesday, February 10th; European... The Stoxx 50 index closed down 10.85 points, or 0.18%, at 6048.16 on Tuesday, February 10; the Spanish IBEX 35 index closed down 70.89 points, or 0.39%, at 18124.21 on Tuesday, February 10; and the Italian FTSE MIB index closed down 26.31 points, or 0.06%, at 46796.50 on Tuesday, February 10.According to sources, Venezuela has resumed oil exports to Israel after Maduros overthrow, and has shipped its first shipment of crude oil to Israel.On February 11th, Michael Pfister of Commerzbank stated in a report that the European Central Bank (ECB) may struggle to address the recent strength of the euro, as the factors driving this trend are beyond its control. Since hitting a low in August 2022, the euro has appreciated by over 15% on a trade-weighted basis, but this largely reflects the weakness of other currencies. The euro often benefits when other currencies face political crises, but this is detrimental to eurozone exports. ECB officials also emphasized that the euros appreciation is primarily expected to occur in the first quarter of 2025, when Germany announces its fiscal plan and the dollar weakens significantly. Pfister stated that the ECB is only likely to react more strongly if the euros appreciation becomes more pronounced.

Dow Futures Unchanged; Apple and Amazon Issue Statements

Skylar Williams

Jul 29, 2022 11:19

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The bulk of U.S. stock futures were higher on Thursday evening, after a strong day for key benchmark indexes, as earnings releases from large technology companies boosted risk appetite.


At 7:10pm ET (11:00pm GMT), Dow Jones Futures remained steady, while S&P 500 Futures and Nasdaq 100 Futures increased 0.4% and 1.1%, respectively.


Apple (NASDAQ:AAPL) rose 3 percent in extended trade after posting Q3 earnings per share of $1.20, above estimates of $1.16, and revenue of $82.96 billion, vs $82.59 billion expected.


Amazon (NASDAQ:AMZN) surged 13.6% after reporting Q2 losses of $0.20 per share, $0.33 worse than the consensus forecast of $0.13. The actual revenue was $121.23 billion, as opposed to the anticipated $119.18 billion.


Intel (NASDAQ:INTC) slumped 8.5% after announcing Q2 EPS of $0.29, well below analyst estimates of $0.70, on revenues of $15.32 billion as opposed to $17.96 billion.


United States Steel Corporation (NYSE:X) rose 3.5% after reporting Q2 profits per share of $3.86, above estimates of $3.50, and revenues of $6.29 billion, exceeding estimates of $5.50 billion.


Roku (NASDAQ:ROKU) lost $0.82 per share in the second quarter, which was worse than the average expectation of $0.68 per share. Actual sales was $764.4 million, which was less than the $804.13 million expected.


DexCom Inc (NASDAQ:DXCM) plummeted 17.8 percent after the company reported Q2 earnings per share of $0.17 instead of $0.19 and revenue of $696.2 million instead of $704.45 million.


Significant inflation data and second-quarter employment expenses will dominate Friday's session, along with earnings announcements from Chevron Corp (NYSE:CVX), Exxon Mobil Corp (NYSE:XOM), and Procter & Gamble Company (NYSE:PG) (NYSE:PG).


During Thursday's usual trading day, the Dow Jones Industrial Average increased 332 points, or 1%, to 32,529.6, the S&P 500 increased 48.8 points, or 1.2 percent, to 4,072.4, and the technology-focused NASDAQ Composite increased 130.2 points, or 1.1 percent, to 12,522.6.


This week, risk appetite increased as the Federal Reserve delivered a 75 basis point rate decrease and remained more dovish than expected on Wednesday, and as Thursday's dismal GDP data increased the chances of a Fed pause in interest rate increases.


The 10-Year United States interest rate was 2.671% in the bond markets.

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