Seven reports - Stock exchange

Bullish Argument

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What’s in Today’s Report:

  • Did the Fed Just Weaken the Bullish Argument?

Futures are slightly lower following a busy night of news, as major tech earnings were mixed while the Trump/Xi summit met widely held expectations.

On earnings, META, MSFT and GOOGL posted mixed results.  GOOGL beat earnings and the stock is up 8% pre-market while META and MSFT slightly underwhelmed.

Geopolitically, the Trump/Xi summit resulted in expected tariff reduction, soybean purchases and rare earth exports but didn’t contain any surprisingly positive breakthroughs.

Today focus will be on earnings with the last of the major tech firms reporting, including AAPL ($1.73), AMZN ($1.58) and, on the consumer spending front, MA ($4.31).

 

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