Stocks - U.S. Futures Jump After Twitter Earnings Beat - Investing.com

© Reuters.

Investing.com - U.S. futures jumped on Friday, as upbeat earnings from Alphabet (NASDAQ:), Intel (NASDAQ:), Starbucks (NASDAQ:) and Twitter (NYSE:) helped boost market sentiment.

Twitter gained 4.1% in premarket trading after it an 18% jump in revenue during the second quarter, with diluted earnings per share of $1.43 on net income of $1.1 billion.

Alphabet (NASDAQ:), parent company of Google, rose 8.8% after its second-quarter earnings beat forecasts, The company also announced a $25 billion stock buyback and played down fears of increased regulatory scrutiny.

Intel (NASDAQ:) surged 4.9% after it increased its revenue forecast.

rose 32 points or 0.4% by 7:05 AM ET (11:05 GMT), while gained 80 points or 0.3% and were up 8 points or 0.3%.

Elsewhere on the earnings front, Starbucks (NASDAQ:) was set to open at a new all-time high, jumping 6.2% after posting its strongest comparable sales in three years.

By contrast, Amazon.com (NASDAQ:) fell 1.6% after its profit missed consensus and it said income would slump in the third quarter due to increased spending on one-day delivery, raising the cost of sales.

McDonald’s (NYSE:) is also in focus as it releases its results before the morning bell.

Meanwhile, Apple (NASDAQ:) inched up 0.3% after it confirmed it is purchasing Intel’s modem business in a deal valued at $1 billion, while Sprint (NYSE:) gained 3.5% after reports that the Department of Justice is in talks with states to gain their approval for its merger with T-Mobile (NASDAQ:).

On the economic front, U.S. (GDP) is released at 8:30 AM ET (12:30 GMT). The data are expected to show a slowdown in annualized growth to 1.8%, its slowest since 2017. The numbers may also influence the Federal Reserve's deliberations when it makes its monetary policy decision on July 31.

In commodities, gained 0.8% to $56.49 a barrel. rose 0.3% to $1,418.65 a troy ounce, while the , which measures the greenback against a basket of six major currencies, hit a two-month high earlier in the day before edging back to 97.657.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let's block ads! (Why?)

https://www.investing.com/news/stock-market-news/stocks--us-futures-jump-after-twitter-earnings-beat-1935839

2019-07-26 11:08:00Z
52780339334825

Bagikan Berita Ini