Daily U.S. Stock Market Highlights Express (Friday, August 2)
2024-08-02 13:00:05
< br > < b > IMPORTANT NEWS < br > < span class = "section-news" > 1. The U.S. non-farm payrolls recorded 114,000 after the July quarterly adjustment, the smallest increase since April 2024. < br > < span class = "section-news" > 2. The U.S. unemployment rate recorded 4.3% in July, the highest since October 2021. < br > < span class = "section-news" > 3. Traders expect a 90% chance of the Federal Reserve cutting interest rates by 50 basis points in September. < br > < b > Stock News < br > < span class = "section-news" > 1. Intel (INTC. O) U.S. stocks fell more than 25% before the market, after its Q3 earnings outlook was disappointing, will lay off 15,000 people and suspend dividends. < br > < class span = "section-news" > 2. NVIDIA (NVDA. O) Complaints due to competitors or face Department of Justice antitrust investigation. < br > < span class = "section-news" > 3. Apple (AAPL. O) Q3 revenue in fiscal 2024 was $85.78 billion, market expectations were $84.50 billion, and the same period last year was $81.80 billion. Revenue growth in the fiscal fourth quarter is expected to be similar to the third quarter. < br > < span class = "section-news" > 4. Amazon (AMZN. O) expects third-quarter operating profit of $11.50 billion to $15 billion, with market expectations of $15.66 billion. < br > < span class = "section-news" > 5. Coinbase (COIN. O) 2024 Q2 revenue of $1.45 billion, market expectations of $1.40 billion, compared to $707.90 million a year earlier. < br > < span class = "section-news" > 6. Snap (SNAP. N) fell more than 17% premarket after its third-quarter earnings forecast missed market expectations. < br > < span class = "section-news" > 7. Block (SQ. N) Q2 revenue in 2024 is $6.16 billion, market expectations are $6.27 billion, compared to $5.535 billion in the same period last year. < br > < span class = "section-news" > 8. ExxonMobil Oil (XOM. N) expects to buy back more than $19 billion in stock in 2024. < br > < span class = "section-news" > 9. Chevron (CVX. N) second-quarter EPS was $2.43; adjusted EPS was $2.55, market estimates were $2.93.
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