Disappointing Earnings News Likely To Weigh On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 24 July 2024 11:40:26 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to initial weakness on Wall Street on Wednesday, with stocks likely to come under pressure after ending yesterday?s lackluster session modestly lower. Early selling pressure is likely to be seen on Wall Street amid a negative reaction to the latest corporate earnings news. Shares of Tesla (TSLA) are plunging by 8.9 percent in pre-market trading after the electric vehicle maker reported weaker than expected second quarter earnings. Google parent Alphabet (GOOGL) is also seeing notable pre-market weakness after reporting second quarter earnings that beat analyst estimates but missing expectations for YouTube adver... [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 The Commerce Department is scheduled to release its report on new home sales in the month of June at 10 am ET. New home sales are expected to climb to an annual rate of... [Read More]( --------------------------------------------------------------- Europe European stocks are moving lower on Wednesday as a survey showed business activity in the eurozone slowed further in July, signaling a "near-stagnation" and raising concerns about economic recovery. The Composite PMI fell to 50.1, hitting a five-month low due to a slowdown in services growth and worsening contraction in the manufacturing sector. Elsewhere, U.K. private-sector business activity expanded faster this month and a measure of Germany consumer confidence hit its highest level in more than two years, offering some respite. While the French CAC 40 Index has slid by 1.0 percent, the German DAX Index is down ... [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 struggled for direction before closing mostly lower on Wednesday after the release of disappointing earnings from Tesla and Alphabet. Lingering concerns over slowing growth in the world's second largest economy also kept investors nervous. The U.S. dollar was broadly firm in Asian trading, as investors awaited U.S. GDP data and the Fed's favored measure of inflation this week for additional clarity on whether the Federal Reserve will cut interest rates twice this year, in September and December. Oil rebound... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are jumping $0.89 to $77.85 a barrel after tumbling $1.44 to $76.96 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