Wall Street looking up with company results helping sentiment higher . . . . . . . . . . . . U.S. stock markets looked lively Tuesday morning, with declining tension over Ukraine and solid company earnings giving investors a healthy boost. Shares in Netflix were rising by just over 1% after the company reported its latest set of quarterly earnings and revealed it now boasts over 50 million members. Shares in Chipotle were surging by roughly 10% premarket after the burrito chain posted earnings that beat expectations. [Chipotle] blew away consensus estimates, said Brian Sozzi, CEO and chief equities strategist at Belus Capital Advisors, predicting continued strong earnings growth over the next two quarters. Credit Suisse shares were dipping by about 2% in Switzerland after the bank reported a loss in the latest quarter. In May, the bank pleaded guilty to U.S. federal charges that it illegally allowed some U.S. clients to evade taxes, leading to a $2.6 billion settlement. -Futures on the Dow Jones Industrial Average advanced 0.259% to 17027 -Futures on the S&P 500 Index advanced 0.290% to 1972.00 -Futures on the NASDAQ 100 Index advanced 0.350% to 3939.50 . As of 07:19 a.m. ET U.S. stocks fell Monday on concerns about Ukraine and Gaza. The Dow Jones Industrial Average fell 48 points, while the S&P 500 and NASDAQ both ended the day off about 0.2%. Many big corporate names will be reporting quarterly results Tuesday. Coca-Cola, Comcast, Domino`s, Harley-Davidson, McDonald`s and Verizon will report earnings before the opening bell. Apple and Microsoft will report after the close. On the economic agenda, the U.S. government will report the latest consumer price index figure at 08:30 a.m. ET. Numbers in June existing home sales will be released at 10:00 a.m. ET European markets were all up around 0.5% in early trade as tensions in Ukraine seem to have eased slightly. After delays and setbacks, a train carrying the bodies of most of those who died in the MH17 plane crash began moving out of eastern Ukraine. Still, EU officials are meeting Tuesday to discuss further sanctions against Russia in a bid to end its support for separatist rebels in Ukraine. Western leaders say the bulk of evidence suggests the rebels shot down the Malaysia Airlines plane. #egyptyard
Posted on: Tue, 22 Jul 2014 12:56:42 +0000
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