Yields in the US stock market are on the rise, causing a slight pause as investors adjust to the potential impact of a Trump Presidency next week. The futures market is currently indicating a dip in the opening numbers:
– Dow industrial average: -188 points
– S&P index: -12.0 points
– NASDAQ index: -6.25 points
Taking a look at the US yield curve, we see an increase across the board:
– 2 year yield: 4.170%, up by 3.0 basis points
– 5-year yield: 4.163%, up by 4.9 basis points
– 10 year yield: 4.328%, up by 5.0 basis points
– 30 year yield: 4.569%, up by 3.9 basis points
Earnings reports this morning revealed a mixed bag of results:
– Sysco Corp (SYY) Q1 2025 missed earnings expectations but met revenue forecasts.
– Corning Inc (GLW) Q3 2024 beat both earnings and revenue estimates.
– PayPal Holdings Inc (PYPL) exceeded earnings expectations but met revenue projections.
– Nokian Tyres (TYRES FH) beat earnings but missed revenue forecasts.
– Phillips 66 (PSX) surpassed both earnings and revenue expectations.
– SoFi (SOFI) beat earnings but met revenue estimates.
– JetBlue Airways Corp (JBLU) exceeded earnings expectations and revenue forecasts.
– McDonald’s Corp (MCD) beat both earnings and revenue estimates.
– Pfizer Inc (PFE) surpassed earnings and revenue expectations.
– Royal Caribbean Cruises Ltd (RCL) missed earnings estimates but met revenue projections.
Looking ahead, the market anticipates earnings releases from AMD, Alphabet, and Chipotle after the closing bell today. Tomorrow, Microsoft and Meta are scheduled to report, followed by Amazon and Apple on Thursday.
The rest of the week is packed with earnings reports:
After Close today:
– AMD
– Alphabet
– Snap Inc.
– Chipotle
– Visa
– First Solar
Wednesday Before Open:
– Lilly
– Caterpillar
– Humana
After Close:
– Microsoft
– Meta
– Coinbase
– Robinhood
Thursday Before Open:
– Uber
– Peloton
– Merck
– ConocoPhillips
– SiriusXM
– Altria
– Mastercard
After Close:
– Amazon
– Apple
– Intel
Friday Before Open:
– FuboTV
– Chevron
– ExxonMobil
– Wayfair
