Positive

From Nasdaq: 2024-07-16 10:40:00

The pre-market surge is driven by Q2 earnings season and economic data tracking a potential rate cut. Retail sales beat expectations, with strong numbers up 0.4% and 0.8% excluding autos. Import prices were higher than expected, with a 1.6% increase. Major corporations like Bank of America, Morgan Stanley, and UnitedHealthcare all beat earnings estimates with varying results. Amazon’s Prime Day is expected to surpass last year’s returns by 7%. For more on the earnings reports and projections, click the provided links.



Read more at Nasdaq: Econ Reports, Q2 Earnings Take July Rate Cut Off the Table