Market Coverage: Wednesday July 21 Yahoo Finance
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Get the latest up-to-the-minute continuous stock market coverage and big interviews in the world of finance every Monday–Friday from 9 am to 5pm (ET).
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Stock futures were mostly higher on Wednesday, pointing to gains on Wall Street following a session in which investors momentarily cast aside their fears that a resurgence of COVID-19 cases might derail a red-hot economic recovery.
A batch of encouraging second-quarter earnings on Wednesday from industry bellwethers Coca-Cola (KO), Johnson & Johnson (JNJ) and Verizon (VZ) gave investors reason to focus on the fundamentals. All three companies topped market expectations, converging with sentiment that drove Tuesday's rally.
JNJ topped estimates, but forecast a slim $2.5 billion in 2021 sales of its COVID-19 vaccine, which has sandbagged by safety concerns and production issues.
In addition, Netflix (NFLX) and Chipotle (CMG) both posted strong Q2 results. The streaming giant beat analysts’ expectations for new subscribers in the quarter, but fell short of the target for estimates for Q3. Netflix also pulled back more of the curtain on its plans to break into the gaming market. Chipotle also impressed Wall Street by smashing estimates during the quarter, thanks to the mass return of customers after COVID-19 restrictions, and ongoing strength in digital sales.
The week started out with major benchmarks suffering their worst declines of 2021, which took the spotlight from quarterly earnings that have almost uniformly reflected a strong rebound. The rising case count driven by the Delta variant — a more communicable form of COVID-19 — pushed the Dow (^DJI), Nasdaq (^IXIC) and S&P 500 (^GSPC) to their biggest drop in months.
However, investors are reconsidering some of that pessimism, with some analysts pointing out that hospitalizations and deaths haven't risen as dramatically — and are far below where they were during the worst days of the COVID-19 outbreak.
Major indices jumped on Tuesday, with the Dow clawing back almost 2% on the day as investors bought the dip. Futures suggest that markets are poised to add to those gains when trading resumes on Wall Street on Wednesday.
For more on this article please visit which is updated during the day:
https://finance.yahoo.com/news/stock-market-news-live-updates-july-20-2021-221841943-111046902-221350203.html
Видео Market Coverage: Wednesday July 21 Yahoo Finance канала Yahoo Finance
#YahooFinance #investing #stockmarket #bitcoin #crypto
Get the latest up-to-the-minute continuous stock market coverage and big interviews in the world of finance every Monday–Friday from 9 am to 5pm (ET).
#YahooFinance #Stocks #COVID19 #crypto #jobsreport #meme
Stock futures were mostly higher on Wednesday, pointing to gains on Wall Street following a session in which investors momentarily cast aside their fears that a resurgence of COVID-19 cases might derail a red-hot economic recovery.
A batch of encouraging second-quarter earnings on Wednesday from industry bellwethers Coca-Cola (KO), Johnson & Johnson (JNJ) and Verizon (VZ) gave investors reason to focus on the fundamentals. All three companies topped market expectations, converging with sentiment that drove Tuesday's rally.
JNJ topped estimates, but forecast a slim $2.5 billion in 2021 sales of its COVID-19 vaccine, which has sandbagged by safety concerns and production issues.
In addition, Netflix (NFLX) and Chipotle (CMG) both posted strong Q2 results. The streaming giant beat analysts’ expectations for new subscribers in the quarter, but fell short of the target for estimates for Q3. Netflix also pulled back more of the curtain on its plans to break into the gaming market. Chipotle also impressed Wall Street by smashing estimates during the quarter, thanks to the mass return of customers after COVID-19 restrictions, and ongoing strength in digital sales.
The week started out with major benchmarks suffering their worst declines of 2021, which took the spotlight from quarterly earnings that have almost uniformly reflected a strong rebound. The rising case count driven by the Delta variant — a more communicable form of COVID-19 — pushed the Dow (^DJI), Nasdaq (^IXIC) and S&P 500 (^GSPC) to their biggest drop in months.
However, investors are reconsidering some of that pessimism, with some analysts pointing out that hospitalizations and deaths haven't risen as dramatically — and are far below where they were during the worst days of the COVID-19 outbreak.
Major indices jumped on Tuesday, with the Dow clawing back almost 2% on the day as investors bought the dip. Futures suggest that markets are poised to add to those gains when trading resumes on Wall Street on Wednesday.
For more on this article please visit which is updated during the day:
https://finance.yahoo.com/news/stock-market-news-live-updates-july-20-2021-221841943-111046902-221350203.html
Видео Market Coverage: Wednesday July 21 Yahoo Finance канала Yahoo Finance
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