5 things to know before the stock market opens Thursday, July 15

0 1

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Dow set to open lower ahead of Day 2 of Powell’s testimony

Traders on the floor of the New York Stock Exchange.

Source: NYSE

2. Bond yields lower after weekly jobless claims figures

3. Morgan Stanley becomes latest bank to best quarterly results

Signage for Morgan Stanley is displayed at the company’s headquarters in New York.

Victor J. Blue | Bloomberg | Getty Images

UnitedHealth Group Inc. headquarters stands in Minnetonka, Minnesota, U.S.

Mike Bradley | Bloomberg | Getty Images

UnitedHealth on Thursday morning reported quarterly earnings that beat expectations. In the second quarter, the largest U.S. health insurer reported a medical loss ratio — the percentage of collected premiums spent on services — of nearly 83%. That compared with 70% a year earlier, when patients put off non-urgent care due to the pandemic. UnitedHealth also raised its full-year earnings target. The Dow stock fell 0.4% in premarket trading.

4. Volatile meme stocks AMC, GameStop take major hits

GameStop, the original meme stock, has fallen more than 21% this month, and it continued to so in the premarket as the reality of bubble-like rallies and failing businesses started to become apparent for Reddit-obsessed investors. However, for 2021, AMC was still up more than 1,450% and GameStop was up nearly 800%.

5. GM warns some Bolt EV owners not to park inside, charge unattended

The Vermont State Police released this photo of the 2019 Chevrolet Bolt EV that caught fire on July 1, 2021 in the driveway of state Rep. Timothy Briglin, a Democrat.

Vermont State Police

Read original article here

Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave A Reply

Your email address will not be published.