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July 14, local time on July 13, people familiar with the matter said that the Federal Aviation Administration (FAA) and Boeing have privately issued a notice stating that the fuel switch lock of Boeing aircraft is safe. The notice stated that although the design of the fuel control switch (including the locking function) is similar on various Boeing aircraft models, the Federal Aviation Administration does not consider this problem to be an unsafe condition and has issued airworthiness directives for any Boeing aircraft model, including the 787 model. It is reported that the Indian Air Accident Investigation Bureau disclosed the preliminary investigation results of the previous Indian Airlines Boeing 787-8 passenger plane crash on the 11th. The investigation report raised questions about the fuel cut-off switch of Boeing aircraft engines. The Federal Aviation Administration issued a continued airworthiness notice after the release of the investigation report.Market news: The EU plans to further cooperate with more countries hit by US tariffs.Sources: The U.S. Federal Aviation Administration (FAA) has told aviation regulators that there is no safety risk with the fuel switching locks on Boeing aircraft.German Chancellor Merz: The 30% tariff imposed by the United States will have a serious impact on Germanys export industry.German Chancellor Merz: I have had in-depth talks with US President Trump, European Commission President von der Leyen and French President Macron on tariffs. We hope to use the time before August 1.

Dow Futures Unchanged; Apple and Amazon Issue Statements

Skylar Williams

Jul 29, 2022 11:19

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The bulk of U.S. stock futures were higher on Thursday evening, after a strong day for key benchmark indexes, as earnings releases from large technology companies boosted risk appetite.


At 7:10pm ET (11:00pm GMT), Dow Jones Futures remained steady, while S&P 500 Futures and Nasdaq 100 Futures increased 0.4% and 1.1%, respectively.


Apple (NASDAQ:AAPL) rose 3 percent in extended trade after posting Q3 earnings per share of $1.20, above estimates of $1.16, and revenue of $82.96 billion, vs $82.59 billion expected.


Amazon (NASDAQ:AMZN) surged 13.6% after reporting Q2 losses of $0.20 per share, $0.33 worse than the consensus forecast of $0.13. The actual revenue was $121.23 billion, as opposed to the anticipated $119.18 billion.


Intel (NASDAQ:INTC) slumped 8.5% after announcing Q2 EPS of $0.29, well below analyst estimates of $0.70, on revenues of $15.32 billion as opposed to $17.96 billion.


United States Steel Corporation (NYSE:X) rose 3.5% after reporting Q2 profits per share of $3.86, above estimates of $3.50, and revenues of $6.29 billion, exceeding estimates of $5.50 billion.


Roku (NASDAQ:ROKU) lost $0.82 per share in the second quarter, which was worse than the average expectation of $0.68 per share. Actual sales was $764.4 million, which was less than the $804.13 million expected.


DexCom Inc (NASDAQ:DXCM) plummeted 17.8 percent after the company reported Q2 earnings per share of $0.17 instead of $0.19 and revenue of $696.2 million instead of $704.45 million.


Significant inflation data and second-quarter employment expenses will dominate Friday's session, along with earnings announcements from Chevron Corp (NYSE:CVX), Exxon Mobil Corp (NYSE:XOM), and Procter & Gamble Company (NYSE:PG) (NYSE:PG).


During Thursday's usual trading day, the Dow Jones Industrial Average increased 332 points, or 1%, to 32,529.6, the S&P 500 increased 48.8 points, or 1.2 percent, to 4,072.4, and the technology-focused NASDAQ Composite increased 130.2 points, or 1.1 percent, to 12,522.6.


This week, risk appetite increased as the Federal Reserve delivered a 75 basis point rate decrease and remained more dovish than expected on Wednesday, and as Thursday's dismal GDP data increased the chances of a Fed pause in interest rate increases.


The 10-Year United States interest rate was 2.671% in the bond markets.

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