Schaeffer's Opening View Boeing suffered a major loss of $5.82 per share, while Caterpillar also reported an earnings miss
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| | 7/24/2019 | |
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Dow Futures Sink on Caterpillar Earnings | By Lillian Currens | | A disappointing day for blue chips in the earnings arena has Dow Jones Industrial Average (DJI) futures reversing course, signaling a roughly 100-point loss this morning. Trade-sensitive stocks Caterpillar (CAT) and Boeing (BA) are in the spotlight after CAT posted a second-quarter earnings and revenue miss, and the aerospace giant unveiled a huge quarterly loss of nearly $3 billion. Elsewhere, FAANG stocks Amazon (AMZN), Alphabet (GOOGL), Apple (AAPL), and Facebook (FB) are under scrutiny after the U.S. Department of Justice (DOJ) announced it was launching a broad antitrust review of big tech companies. Continue reading for more on today's market, including: - Pay attention to a 25-year peak in the gold/silver ratio, says Senior Quantitative Analyst Rocky White.
- Behind Coca-Cola's market-moving earnings report.
- Why options traders swarmed 2 China stocks.
- Plus, iRobot slashes guidance on trade-war woes, and SNAP stock surges after earnings.
| >> Continue reading... | |
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