© Reuters.

By Dhirendra Tripathi

Investing.com — The market’s two-day climb back from Monday’s rout took a pause on Thursday after an unexpectedly large jump in new jobless claims in the most recent week. The inched higher while the was basically flat heading into the last half-hour of trading.

For the week ended Saturday, claims reached a nine-week high of 419,000 against expectations for filings of 350,000. Still the move was largely brushed off by some economists, who expect the downward trend in claims to resume.  

Bank stocks took a hit from a drop in bond yields, balanced by a runup in tech stocks. Microsoft Corporation (NASDAQ:)reached a 52-week high ahead of the tech giant’s quarterly results slated for next week.

New menu items helped make Domino’s Pizza Inc (NYSE:) one of the best performers of the day, jumping 13% on a positive earnings report.

It’s another quiet summer Friday on the data front, though earnings continue to pour out, setting up next week’s flurry of reports from big technology companies.

Here are three things that could affect markets tomorrow:

1. American Express profits

American Express Company (NYSE:) is expected to report earnings per share of $1.63 on revenue of $9.55 billion for the second quarter, according to analysts tracked by Investing.com. Stronger consumer spending in the quarter is likely to be a trend, but analysts will also be listening to the outlook on small business spending and the economic rebound.

2. Honeywell earnings

Honeywell International Inc (NASDAQ:), the manufacturing and tech company, is seen posting second-quarter revenue of $8.65 billion and EPS of $1.94.

3. Kimberly Clark earnings

Kimberly-Clark Corporation (NYSE:) is likely to register a second-quarter EPS of $1.74 on revenue of $4.78 billion. The maker of Scott toilet paper and Huggies diapers said in March it would have to raise prices because of rising materials costs, and consumers were expected to see the increases at the register by the end of June.


Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here