Market Updates
Movers: Activision Blizzard, Ford Motor, Tesla, United Airlines
Scott Peters
17 Jul, 2023
New York City
Market averages on Wall Street rested and investors looked ahead to a busy week of corporate earnings.
Bank of America, Morgan Stanley, Goldman Sachs, IBM, Tesla and Netflix are among 190 companies scheduled to release earnings this week.
The S&P 500 index futures traded higher 0.1% to 4,510.19 and the Nasdaq Composite futures edged up 0.4% to 14,179.59.
The yield on 2-year Treasury notes decreased to 4.74%, 10-year Treasury notes inched lower to 3.84% and 30-year Treasury bonds edged down to 3.92%.
United Airlines Holdings Inc edged slightly up to $53.88 after the company and the union representing pilots agreed to a pay hike of as much as 40% over the next four year.
The preliminary agreement was announced on Saturday following a wage deal announced by Delta Air Lines a month ago.
Tesla Inc soared 1.8% to $286.66 after the company said it built its first electric pick up truck dubbed "cybertruck" after a delay of two years.
Ford Motor Company declined 0.9% to $14.85 after the company announced a price reduction of as much as $10,000 for its electric F150 pickup truck.
Activision Blizzard jumped 4% to $93.60 after Microsoft and Sony reached an agreement to keep Activision's "Call of Duty" on Sony's PlayStation gaming console after the purchase by Microsoft.
Annual Returns
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Earnings
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