Stock markets are open, and the Dow Jones is up more than 300 points. What should investors be watching?
The stock futures is a term that refers to the price of an individual company’s stock. The Apple, Citigroup, BlackRock, BofA, Delta: What to Watch When the Stock Market Opens Today will give you a list of companies and their stocks that are expected to open today.
Updated at 8:32 a.m. on July 14, 2021 ET
Futures are rising as a new round of reports from major banks is released. Here’s what we’re keeping an eye on ahead of Wednesday’s trading day.
- BlackRock BLK -0.86% started off the day’s anticipated results by reporting a 14 percent increase in second-quarter earnings. It now has nearly to $10 trillion in assets under management, up 30% from a year earlier. However, investors were disappointed, as the company’s stock dropped 2.4 percent in premarket trading.
- The second earnings report to fall was Bank of America BAC -1.90 percent, which said that consumer spending has substantially exceeded pre-pandemic levels, but that low loan rates have remained a problem in the recent quarter. Its stock was down 1.8 percent before the bell.
Low interest rates, according to Bank of America, remain a problem.
Bloomberg News/Bloomberg News/David Paul Morris
- Wells Fargo WFC -2.11 percent reported a second-quarter profit of $6.04 billion, a turnaround from a year ago, when it reported its first quarterly loss in a decade. Its stock was up 0.7 percent in premarket trading.
- Citigroup C -1.54 percent reported a record second-quarter profit on Wednesday, owing to a more optimistic outlook on consumer health. Its stock rose 0.3 percent following the release of its quarterly report.
- Alibaba BABA 1.96 percent surged 3.6 percent ahead of the bell on the New York Stock Exchange. Alibaba and Tencent are talking about progressively opening up their services to each other. That would be a significant change for China’s consumer internet, which has mainly been divided into two groups based on fierce rivals.
- Delta Air Lines DAL -3.55 percent shares soared more than 2% premarket as the airline said that U.S. holiday travel had completely returned, as the company posted its first quarterly profit since the Covid-19 epidemic devastated the sector last year.
- Apple AAPL 0.79 percent stock rose 1.9 percent in premarket trading after Bloomberg reported that the firm plans to increase iPhone manufacturing by up to 20% this year. Despite the fact that this year’s product upgrade, coming in September, is likely to offer just minor improvements, Apple is betting that the transition to 5G and an improved consumer climate post-pandemic would drive sales of the newer phones.
- Although results for American Airlines AAL -3.93 percent aren’t expected until next week, investors seem to be expecting for positive news, as the stock is up 3.3 percent in premarket trading.
- Score Media & Gaming SCR -2.51 percent, a Canadian sports-media and betting business, had its U.S.-traded shares drop more than 7% within hours as investors took their money off the table. Due to growth in its media sector, it reported higher revenues in the most recent quarter, but a bigger net loss as costs increased.
- ZoomInfo Technologies ZI -0.19% fell 0.4 percent in premarket trading after raising $500 million in debt on Tuesday. The business intelligence platform is purchasing Chorus.ai for $575 million.
The Day’s Chart
- Years after the disasters of Solyndra and A123 Systems dampened early excitement for green investment, investor and government money are flowing into clean innovation.
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The c stock price is the U.S. stock market opening today with Apple, Citigroup, BlackRock, BofA, and Delta being some of the stocks to watch.
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