Yahoo Finance Daily
Stocks push higher as earnings season takes center stage: Stock Market News Today
Mon Jul 17 2023StocksEarnings SeasonDowngradesPredictions
Description
The episode covers the latest market update, upcoming earnings season, downgrades of AT&T and Verizon, and predictions by Moody's.
Insights
Positive Market Sentiment
Investors remain optimistic as stocks push higher and focus on upcoming earnings reports.
Impact of Tesla's Cybertruck Production Milestone
Tesla's Cybertruck production milestone has boosted their stock and impacted Ford's F-150 Lightning pickup prices.
Downgrades for AT&T and Verizon
AT&T and Verizon shares have been downgraded after a lead contamination report.
Predictions by Moody's
Moody's predicts that a prolonged work stoppage will impact movie theater chains but benefit streaming companies.
Chapters
Summary
Transcript
Market Update
00:00 - 04:24
- Stocks pushed higher as investors focused on upcoming earnings reports
- S&P 500 edged up 0.4%, Dow Jones Industrial Average traded higher by 0.2%, NASDAQ composite added 0.9%
- Disappointing GDP data from China initially weighed on market mood
Earnings Season
00:00 - 04:24
- Earnings season expected to pick up steam with Tesla, Bank of America, and Goldman Sachs reporting
- Tesla's Cybertruck production milestone boosts stock and impacts Ford's F-150 Lightning pickup prices
Downgrades and Predictions
00:00 - 04:24
- AT&T and Verizon shares downgraded after lead contamination report
- Moody's predicts prolonged work stoppage will impact movie theater chains but benefit streaming companies