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1. U.S. stock indexes closed mixed. The Dow Jones Industrial Average rose 0.1% to 50,188.14 points, setting a new closing high. The S&P 500 fell 0.33% to 6,941.81 points, and the Nasdaq Composite fell 0.59% to 23,102.47 points. Disney and Home Depot rose more than 2%, leading the Dow Jones gains. The Wind U.S. Tech Big Seven Index fell 0.59%, with Google falling more than 1%, Facebook falling nearly 1%, and Intel falling more than 6%. The Nasdaq China Golden Dragon Index rose 0.87%, with Hesai Technology rising more than 6% and Zai Lab rising more than 6%. 2. European stock indexes closed mixed. The German DAX fell 0.11% to 24,987.85 points, the French CAC40 rose 0.06% to 8,327.88 points, and the UK FTSE 100 fell 0.31% to 10,353.84 points. 3. US Treasury yields fell across the board. The 2-year Treasury yield fell 2.49 basis points to 3.454%, the 3-year Treasury yield fell 3.96 basis points to 3.514%, the 5-year Treasury yield fell 3.99 basis points to 3.701%, the 10-year Treasury yield fell 5.94 basis points to 4.143%, and the 30-year Treasury yield fell 7.22 basis points to 4.785%. 4. International precious metals futures generally closed lower. COMEX gold futures fell 0.62% to $5047.90 per ounce, and COMEX silver futures fell 2.01% to $80.58 per ounce. Federal Reserve officials emphasized the independence of monetary policy and maintained current interest rates, easing market concerns about a hawkish stance from the Fed. This, coupled with speculative funds leaving the market, put pressure on precious metals. 5. Data from the American Petroleum Institute (API) showed that U.S. crude oil inventories increased by 13.4 million barrels last week, to $64.2 per barrel; Brent crude oil futures fell 0.04% to $69.01 per barrel.According to Futures News on February 11, the worlds largest silver ETF, iShares Silver Trust, increased its holdings by 25.36 tons from the previous day, with its current holdings at 16,216.45 tons.February 11 – Federal Aviation Administration (FAA) Administrator Bryan Bedford stated that he expects Canadian aviation regulators to move forward with the approval process for the Gulfstream jet after President Trump threatened tariffs and other retaliatory actions against Canada. Bedford told reporters, “I think we’ve resolved the issues with Canada.” He indicated that, to his knowledge, Transport Canada will announce the Gulfstream’s certification this week.Lyft (LYFT.O) CEO: No significant weakness in consumer demand was observed in the fourth quarter.The U.S. Federal Aviation Administration (FAA) stated that the Trump administration has resolved the aircraft certification issue with Canada.

Increases in Dow Futures and Inflation Concerns

Charlie Brooks

Jul 15, 2022 10:28

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Futures for U.S. equities were trading higher on Thursday evening, as key benchmark averages ended the regular session in a mixed way amid stronger-than-expected producer price data and disappointing profit reports from major banking institutions.


Dow Jones Futures increased 0.2 percent by 7:00 p.m. ET (11:00 p.m. GMT), while S&P 500 Futures and Nasdaq 100 Futures both rose 0.3 percent.


In extended trading, Pinterest Inc (NYSE:PINS) shares surged 15.8 percent following a Wall Street Journal article revealed Elliott Management's 9 percent stake.


Prior to the end of the day, investors will focus on June's retail sales, import and export prices, the June industrial production report, and preliminary July consumer sentiment data. Wells Fargo & Company (NYSE:WFC) and Citigroup Inc (NYSE:C) are expected to deliver their quarterly earnings results in the interim.


During Thursday's usual trading day, the Dow Jones Industrial Average fell 142.6 points, or 0.5 percent, to 30,630.2, the S&P 500 fell 11.4 points, or 0.3 percent, to 3,790.4, and the NASDAQ Composite increased just 3.6 points to 11,112.1.


Morgan Stanley (NYSE:MS) declined 0.4% after reporting Q2 EPS of $1.44 vs $1.57 forecasted and sales of $13.13 billion versus $13.39 forecasted.


JPMorgan Chase & Co (NYSE:JPM) fell 3.5 percent after announcing Q2 earnings per share of $2.76 compared to $2.94 forecasted and revenue of $30.72 billion compared to $31.84 forecasted.


In terms of data, producer prices increased by 11,3 percent year-over-year in June as energy prices jumped, adding to concerns of rapid rate hikes after the CPI result surpassed expectations in the previous session.


On the bond markets, the 10-Year United States interest rate was 2.958%.