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Coming up the S&P 500 and Nasdaq Gained, Buoyed by Apple Shares, After the Iphone Maker the Labor Department Is Expected to Became the First U.S

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Coming up the S&P 500 and Nasdaq Gained, Buoyed by Apple Shares, After the Iphone Maker the Labor Department Is Expected to Became the First U.S MARKET RECAP at 4 pm ET Coming Up The S&P 500 and Nasdaq gained, buoyed by Apple shares, after the iPhone maker The Labor Department is expected to became the first U.S. company to hit a report that nonfarm payrolls rose by trillion dollar valuation. The dollar rose as 190,000 jobs in July after increasing by Sino-U.S. trade tensions escalated, hurting 213,000 jobs in June, according to a the demand for gold. Treasury yields Reuters survey of economists. Private edged lower. Oil rose on expectations that payrolls are likely to have increased by U.S. domestic crude inventories will soon 189,000 jobs in July, lower than an decline. increase of 202,000 jobs in June. The unemployment rate is expected to fall to 3.9 percent from 4.0 percent in June. REUTERS/Rick Wilking STOCKS Close Chng %Chng Yr-high Yr-low Data from the Commerce Department will DJIA 25326.28 -7.54 -0.03 26616.71 21600.34 likely show that trade deficit widened to keep a close eye on operating profits, Nasdaq 7802.69 95.40 1.24 7933.31 6630.67 $46.5 billion in June from $43.1 billion in which hit a record the quarter before as S&P 500 2827.27 13.91 0.49 2872.87 2532.69 May. economic growth boosted its railroad, Toronto 16409.16 32.39 0.20 16586.46 14785.78 industrial and consumer businesses, but FTSE 7575.93 -76.98 -1.01 7903.50 6866.94 Berkshire Hathaway Inc reports earnings may show scars in the more recent quarter Eurofirst 1513.80 -13.03 -0.85 1587.95 1415.80 for the second quarter at a time when the from the U.S. government's disputes with Nikkei 22512.53 -234.17 -1.03 24129.34 20347.49 conglomerate's board has given its its trading partners. 27714.56 -626.18 -2.21 33484.08 27745.85 Hang Seng billionaire chairman, Warren Buffett (pictured), more freedom to conduct stock Kraft Heinz Co, the maker of Velveeta TREASURIES Yield Price buybacks and whittle down a $108.6 cheese and Heinz ketchup, is expected to 10-year 2.9859 5 /32 billion stockpile of cash. Investors will report a drop in second-quarter sales, hurt 2-year 2.6654 1 /32 5-year 2.8531 3 /32 30-year 3.1200 5 /32 KEY ECONOMIC EVENTS FOREX Last % Chng Events ET Poll Prior Euro/Dollar 1.1586 -0.62 Non-Farm payrolls for July 0830 190,000 213,000 Dollar/Yen 111.62 -0.08 Private payrolls for July 0830 189,000 202,000 Sterling/Dollar 1.3016 -0.82 Manufacturing payrolls for July 0830 22,000 36,000 Dollar/CAD 1.3016 0.10 Government payrolls for July 0830 -- 11,000 TR/HKEX RMB 92.86 -0.45 Unemployment rate for July 0830 3.9 pct 4.0 pct COMMODITIES ($) Price Chng % chng Average earnings mm for July 0830 0.3 pct 0.2 pct Average earnings yy for July 0830 2.7 pct 2.7 pct Front Month Crude /barrel 68.97 1.31 1.94 Spot gold (NY/oz) 1209.01 -6.48 -0.53 Average workweek hours for July 0830 34.5 Hrs 34.5 Hrs Copper U.S. (front month/lb) 0.0273 -0.0001 -0.48 Labor force participation for July 0830 -- 62.9 pct International trade for June 0830 -$46.4 bln -$43.1 bln S&P 500 Price $ Chng % Chng Goods trade balance (R) for June 0830 -- -68.33 bln GAINERS Markit Composite Final PMI for July 0945 -- 55.9 CF Industries Holdings Inc 49.50 5.37 12.17 Markit Services PMI Final for July 0945 -- 56.2 PerkinElmer Inc 86.55 6.65 8.32 ISM N-Manufacturing PMI for July 1000 58.6 59.1 Regeneron Pharmaceuticals Inc 397.00 25.97 7.00 Global Payments Inc 119.18 7.28 6.51 ISM N-Manufacturing Business Activity for July 1000 63.2 63.9 LOSERS ISM N-Manufacturing Employment Index for July 1000 -- 53.6 TripAdvisor Inc 51.18 -6.47 -11.22 ISM N-Manufacturing New Orders Index for July 1000 -- 63.2 Willis Towers Watson PLC 145.73 -13.42 -8.43 Unum Group 35.89 -3.01 -7.74 ISM N-Manufacturing Price Paid Index for July 1000 -- 60.7 HollyFrontier Corp 68.91 -4.90 -6.64 1 by lower demand for processed food in the profit, helped by a recovery in U.S. crude Federal Reserve Bank of New York United States, a region that generates prices. Executive Vice President Simon Potter nearly two-thirds of its total revenue. speaks on monetary policy implementation Exchange operator Cboe Global Markets before the 23rd Executives' Meeting of Satellite and internet TV provider DISH Inc is expected to post a rise in second- East Asia-Pacific Central Banks (EMEAP) Network Corp is expected to report a fall quarter profit, helped by higher market Governors' Meeting, in Manila, Philippines. in second-quarter revenue as viewers volatility compared with a year earlier. continue cord cutting for online streaming LIVECHAT- CHARTS & CHAT options. U.S. Secretary of State Mike Pompeo will Reuters Stocks Buzz writer and chartist visit Singapore to participate in ministerial Terence Gabriel calls out risks and Oil and gas producer Noble Energy Inc is meetings of the Association of Southeast opportunities in global markets via the expected to post a rise in second-quarter Asian Nations (ASEAN). charts. (1030 ET/1430 GMT) To join the Global Markets Forum, click here KEY RESULTS Company Name* Quarter ET Smart Estimates EPS Estimates** Year Ago Rev Estimates (mln) Ameren Q2 BMO $0.80 $0.78 $0.79 $1,539.19 Berkshire Hathaway Q2 AMC $3,330.47 $3,386.62 $2,505.00 $61,570.84 Cboe Global Markets Q2 BMO $1.04 $1.03 $0.87 $278.15 CenterPoint Energy Q2 BMO $0.33 $0.32 $0.29 $2,112.63 DISH Network Q2 BMO $0.70 $0.71 $0.69 $3,438.59 Kraft Heinz Q2 BMO $0.91 $0.92 $0.98 $6,592.57 LyondellBasell Industries NV Q2 BMO $2.92 $2.92 $2.82 $9,369.07 Noble Energy Q2 BMO $0.22 $0.22 $0.05 $1,135.24 Pinnacle West Capital Q2 BMO $1.50 $1.48 $1.49 $956.72 *Includes companies on S&P 500 index. **Estimates may be updated or revised; release times based on company guidance or past practice. EPS and Revenue estimates are according to Thomson Reuters I/B/E/S. Smart Estimates are according to Thomson Reuters StarMine. 2 Market Monitor Technology stocks pushed the S&P 500 and Nasdaq higher, driven by Apple shares as the iPhone maker became the first publicly traded U.S. company worth a trillion dollars. Apple Inc extended its post -earnings rally, advancing 3.2 percent and crossing the trillion-dollar market value threshold. The smartphone maker led the S&P technology index higher, advancing 1.37 percent to end at 1272.67. The tech sector's gain helped offset escalating trade tensions, as China urged the United States to "calm down" after U.S. Trade Representative Robert Lighthizer said he had been directed to increase previously proposed tariffs on Chinese imports. "Investors seem to be pretty numb to it," Hellwig said. "A lack of response in the markets may seem like headline fatigue but it's really (economic) tailwinds that are underlying the strength in stock prices." The Dow Jones Industrial Average fell Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., 0.03 percent, to 25,326.28, the S&P 500 July 23. REUTERS/Lucas Jackson gained 0.49 percent, to 2,827.27 and the Nasdaq Composite added 1.24 percent, to 7,7802.69. Asset Management in Boston. The dollar to rebalance supply and demand. Worries index was up 0.55 percent at 95.15. The about the possible loss of Iranian supply Treasury yields eased, a day after 10-year yen, which tends to rise during periods of are being somewhat offset by concerns notes hit a 10-week high, as investors geopolitical or financial stress, that global trade tensions could slow sought the safety of government debt with strengthened. The dollar was 0.07 percent economic growth and crimp energy trade tensions between the United States lower against the yen at 111.63, while the demand. Brent crude futures was last up and China escalating once again. "We're in euro was down 0.62 percent against the 1.37 percent at $73.38 a barrel. U.S. crude risk-off mode after the back and forth dollar at 1.16. rose 1.91 percent, to $68.95 a barrel. between China and the U.S. on tariffs," said Priya Misra, head of global rates Oil prices strengthened, with U.S. crude Gold inched down to the lowest price in strategy at TD Securities in New York. gaining nearly 2 percent after traders saw over one year after an upbeat assessment "You're already seeing (trade tension) an industry report suggesting domestic of the U.S. economy by the Federal affect investment decisions globally, so it is crude stockpiles would soon decline again Reserve and new trade tensions between a growth concern." The move out of stocks after a surprise rise in the latest week. Washington and Beijing boosted the benefited bonds, which saw prices rise and Traders said prices rallied early when dollar.
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