- Weekly Jobless Claims data released ahead of the open shows Initial Jobless Claims at +231K, the highest level of 2026 so far. Continuing Claims also increased to 1.844 million. Non-farm payrolls from the U.S. government have been delayed until next week.
- Bristol Myers-Squibb beats earnings estimates with $1.26 per share, up +9.57%. ConocoPhillips misses estimates at $1.02 per share, causing shares to drop -3.3%. Ralph Lauren beats expectations but shares slide -6.5%. Tapestry generates a strong earnings beat, with shares up +5.9%.
- Hershey’s and ArcelorMittal both report notable earnings beats, with Hershey’s up +21.28% and ArcelorMittal up +53.57%. MasterCraft Boat Holdings reports a +81.25% earnings beat but shares are down -1.2%. Other companies also report earnings this morning.
Read more at Nasdaq: Jobless Claims Pop Up a Bit, Major Morning for Earnings