Wall Street Breakfast July 12: Euro Hits Parity with Dollar for First Time in Decades
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 12 July 2022
⏱️ 7 minutes
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, your daily source of market news and analysis. |
| 0:06.8 | Subscribe to this podcast on Apple Podcast, Spotify or Stitcher. |
| 0:11.3 | Good morning. Today is Tuesday, July 12th and I'm your host Julie Morgan. |
| 0:15.8 | Our top stories, Parity, Twitter, A Windfall Tax, and later Cool, and GameStop. |
| 0:23.5 | Wall Street took a step back on Monday with the NASDAQ leading the major U.S. equity |
| 0:27.8 | averages lower, notching a decline of more than 2%. |
| 0:31.3 | Nine of the 11 S&P sectors finish lower, with communication services falling 2.8% |
| 0:37.1 | as social media struggled on Twitter's sell-off. Consumer discretionary also suffered a notable |
| 0:42.4 | retreat, sliding by 2.9%. Utilities moved modestly |
| 0:46.9 | higher while real estate posted a fractional gain. |
| 0:50.1 | In the bond market, rates backed off after gains last week. |
| 0:53.6 | The 10-year Treasury yield retreated 11 basis points to 2.99 percent |
| 0:58.7 | and the two-year dipped 5 basis points to 3.07 percent. |
| 1:03.4 | Ahead of the opening bell today, Dow S&P and NASDAQ futures are down. |
| 1:08.0 | The Dow is down 0.6 percent, the S&P down half a percent, and the NASDAQ is down 0.2 percent. |
| 1:14.8 | We'll take another look at futures as well as the world markets crude oil and commodities |
| 1:20.1 | in a few minutes. |
| 1:22.2 | In the earnings spotlight today, and Geo Dynamics. In our day watch, |
| 1:26.9 | Gas Station operator Murphy, USA has seen significant strength so far in 2022, with higher gas prices helping to fuel the advance. |
| 1:36.1 | The gains continued on Monday with MUSA climbing nearly 5% to reach a new 52-week high. |
| 1:42.4 | The Murphy USA stock advanced $11.66 to close at $266.70, |
| 1:49.0 | after reaching an intra-day 52 week high of $ 269.70. |
... |
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