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Vaccine Mandates vs. Mask Mandates

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What’s in Today’s Report:

  • Vaccine Mandates vs. Mask Mandates
  • Durable Goods Data Takeaways

U.S. equity futures are little changed this morning as Chinese markets began to stabilize amid easing concerns about increased regulation while focus turns to the Fed.

In company specific news, MSFT and GOOGL are trading higher after reporting record earnings while AAPL is down on disappointing guidance.

There are no notable economic reports today which will leave markets focused on the FOMC Decision (2:00 p.m. ET) and Fed Chair Powell’s Press Conference (2:30 p.m. ET). But as long as there is not a materially hawkish shift in tone, the market reaction should be relatively muted.

Additionally, there are some major companies releasing Q2 earnings results today including: PFE ($0.98), BA (-$0.65), MCD ($2.12), GD ($2.52) before the open, and FB ($3.03), PYPL ($1.14), and QCOM ($1.67) after the close.