3.8 • 950 Ratings
🗓️ 13 July 2022
⏱️ 8 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. |
0:11.4 | Good morning. Today is Wednesday, July 13th, and I'm your host Julie Morgan. |
0:16.0 | Our Top Stories, CPI, Twitter, and Energy, and later Microsoft, Indo and Peloton. |
0:24.0 | After spending most of the day bouncing around the unchanged mark, |
0:27.3 | the major US equity averages |
0:29.3 | finished with solid declines Tuesday, |
0:31.5 | adding to the weakness seen on Monday. |
0:33.7 | All S&P sectors ended lower. |
0:35.9 | Energy was the weakest. |
0:37.4 | Infotech ended in the red as well, |
0:39.4 | with cloud names dropping following a tumble in service now. The US dollar was slightly higher again |
0:45.0 | weighing on commodities and it touched parity with the euro for the first time since |
0:49.7 | 2002. Among active stocks airlines dominated the S&P gainers list while cruise line stocks were also strong. |
0:57.6 | Ahead of the opening bell today, Dow S&P and NASDAQ futures are up. The Dow is up 0.2%, the S&P is up 0.3% |
1:05.6 | and the NASDAQ is up half a percent. |
1:08.0 | We'll take another look at futures |
1:09.4 | as well as the world markets and crude oil in a few minutes. |
1:14.2 | In the earnings spotlight today, Delta Airlines and Fastinal. |
1:19.6 | In our day watch, a dreary assessment of the economy from the firm CEO churned up a wave of selling in |
1:25.8 | Service Now, which plunged almost 13% during Tuesday's trading. |
1:30.3 | Speaking to see NBC's Service Now CEO Bill McDermott said that customers were reconsidering spending priorities amid mounting macrohead winds. |
... |
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