Upbeat Earnings News May Spark Early Rally On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 31 July 2024 09:11:52 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to sharply higher on Wall Street on Wednesday, with stocks likely to see an early rally following the mixed performance seen in the previous session. Stocks may benefit from a positive reaction to some of the latest corporate earnings news from companies like Advanced Micro Devices (AMD). Shares of AMD are surging by 7.9 percent in pre-market trading after the chipmaker reported second quarter results that exceeded analyst estimates on both the top and bottom lines. Coffee giant Starbucks (SBUX) is also seeing significant pre-market strength after reporting fiscal third quarter earnings in line with estimates and maintaining its full-year guidance. Shares of DuPont (DD) have also surged in pre-market trading after the chemical giant reported better than expected second quarter results. On the other hand, shares of Microsoft (MSFT) may move to the downside after the tech giant reported quarterly earnings and revenue that beat expectations but disappointing cloud computing results. The upward momentum on Wall Street also comes as trader... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports Private sector employment in the U.S. increased by less than expected in the month of July, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment climbed by 122,000 jobs in July after jumping by an upwardly revised 155,000 jobs in June. Economists had expected private sector employment t... [Read More]( --------------------------------------------------------------- Europe European stocks have advanced on Wednesday, with Chinese stimulus hopes and encouraging earnings boosting investor sentiment ahead of the Federal Reserve's interest rate decision later in the day. A measure of Chinese manufacturing activity slipped to a five-month nadir in July, fueling expectations for more Chinese stimulus. Meanwhile, headline annual inflation in the euro zone unexpectedly rose to 2.6 percent in July from 2.5 percent in June, according to Eurostat's flash estimate. While the German DAX Index has climbed by 0.6 percent, the U.K.?s FTSE 100 Index and the French CAC 40 Index are both up by 1.2 percent. In corporate news, AS... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Asia Asian stocks climbed on Wednesday, while the yen turned volatile after the Bank of Japan lifted short-term policy rates and announced plans to reduce monthly bond buying in a hawkish pivot. Meanwhile, weak manufacturing data from China added to bets that Beijing will deploy more stimulus measures in the world's second largest economy. Investors also assessed mixed earnings results from Microsoft and chipmaker AMD and looked ahead to a Federal Reserve announcement for greater clarity regarding when the U.S. central bank will begin cutting interest rates. Bond yields and the dollar were little changed in Asian trading, while gold ticked higher and oil prices rebounded from seven-week lo... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are spiking $2.52 to $77.25 a barrel after tumbling $1.08 to $74.73 a barrel on Tuesday. Meanwhile, an oun... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49