US Stock market update July 16, 2018

Stock lack of direction on opening

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The stock market walks a flat path after Monday opening bell. Currently, Dow Jones Industrial Averages down 6.73 points (-0.03%), Nasdaq composite down 4.60 points (-0.06%), S&P 500 down 4.50 points (-0.16%). From the news ground, U.S business inventory grows 0.5% in May as expected.

President Trump and Vladimir Putin are in Helsinki for Monday talk. Before the talk, President Trump blamed U.S years of foolishness, stupidity, and Rigged which hunt over the soured relationship with Russia.

Notable Earnings & Corporate reports

Bank Of America(NYSE: BAC) reported earnings per share of $0.63 vs. $0.57 expectation. Revenue comes out at $22.6 billion vs. $22.3 billion expectation.

Blackrock Inc (NYSE: BLK) share down 0.59% even though the company reported revenue and earnings which beat expectation. BLK earnings per share come out at $6.66 vs. $6.55 analysts estimate. Revenue comes out at $3.61 billion vs. $3.58 billion expectation.

Goldman Sachs (NYSE: GS) cited on Sunday the plan to name David Solomon to succeed Lloyd Blankfein as CEO. Share prices up 0.88% currently.

NFLX scheduled to report earnings after market close.

GS, JNJ is among the companies which will report earnings on Tuesday before the market open.

Other markets

Gold climbed $8.10 (+0.62%) to $1,321.10, Crude oil up $0.29 (+0.41%) to $71.43.

Asian stock market closed mostly higher. Nikkei up 88.30 points (+0.39%) to 22,497.18, Shanghai Composite up 16.02 points (+0.51%) to 3,175.17, Australia ASX 200 up 10.70 points (+0.18%) to 6,118.70.

European stock market also closed higher. DAX Germany up 0.62%, FTSE UK up 0.50%, and Euro STOXX 600 down 0.12%.

 

 

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