Asian Markets Advance Despite China Missiles Landing Near Japan

Asian markets advanced and investors shifted focus to the latest batch of earnings. China is holding its largest-ever military exercises over Taiwan and landed at least five missiles near the southernmost islands of Okinawa, Japan.

Caution On Wall Street Ahead of Jobs Report, Oil May Fall Further

Stocks on Wall Street lacked direction ahead of the release of labor force status Friday and payrolls expansions are expected to slow considerably in July. Gasoline demand at retail stations are near the lows seen two years ago at the height of the Covid-19 pandemic.

U.S. Stocks Lack Direction, Oil Drops to 6-month Low

Stocks on Wall Street lacked direction after a two-day rally and ahead of monthly jobs report on Friday. Crude oil extended weekly losses on the worries of global economic slowdown.

Asian Markets Advance On Earnings and Positive Cues from Wall Street

Benchmark indexes in China rose despite the rising tensions with the U.S. and in Japan rose on positive earnings and weaker crude oil prices. Market indexes in India were cautious ahead of rate decision on Friday.

Nasdaq Surges 2.6% On Positive Economic Data

Tech stocks led the advance on Wall Street after the service sector expanded at the fastest pace in three months according to a private survey. Positive data on manufactured goods also supported the market advance.

European Markets Advance, Retail Sales Fall, Wholesale Inflation Rises

European markets closed higher and retail sales declined and producer prices rose in the currency zone.

Robinhood's Assets Under Custody, Active Users, and Revenues Fell

Robinhood said active users, assets under custody, and revenues declined after financial markets faced the worst first-half in decades and cryptocurrencies plunged.

HOOD

PayPal Swings to Quarterly Loss

PayPal said quarterly revenues rose and free cash flow increased and guided higher transaction volume on its platform. The payment processing company is in discussion with an activist investor.

PYPL

Expeditors International Sees No End of Supply Disruptions Soon

Expeditors International posted quarterly revenues and earnings growth but also highlighted supply chain disruptions are likely to persist for a while.

EXPD

AMD Net Income Plunges 37% Despite Record Quarterly Revenues

AMD reported eighth record quarterly revenues in a row but earnings fell after margins declined and expenses rose. The chipmaker anticipates the revenue growth to continue in the remainder of the year.

AMD

Movers: AMD, Airbnb, Expeditors International, Match Group, PayPal, Robinhood Markets, Starbucks

AMD posted strong quarterly revenue growth but earnings dropped. Airbnb swung to a quarterly profit and record booking volumes. PayPal swung to a quarterly loss. Robinhood Markets expands layoffs. Starbucks says customers are not trading down.

AMD EXPD PYPL SBUX ABNB MTCH HOOD

Stocks Advance with Earnings In Focus

Benchmark indexes extended gains for the second day as investors focused on the fresh of corporate results and looked beyond the war words between the U.S, and China amid the rising military tensions.

SBUX

Uber Mobility and Delivery Segments Revenues Surge

Uber Technologies said second quarter revenues surged as mobility demand picked up around the world. The ride-hailing company took a large charge linked to its investment in Indonesia, India, and in self-driving technology company.

UBER

ZoomInfo Lifts Annual Revenue Guidance

ZoomInfo reported second quarter sales rose 54% and the business information provider revised higher its full-year revenues and adjusted earnings outlook.

ZI

Simon Property Reported Flat Revenue Growth and Hiked Dividend

Simon Property Group said second quarter revenue growth was flat and net income fell less than feared as the mall occupancy levels rose across the nation.