By Dhirendra Tripathi
Inventories surged, local governments and state governments reinstate mask obligations, and companies vaccinate employees and customers, despite similar new Covid-19 incidents in southern and California on Tuesday. I urged you to request it.
In New York City, where the tourism industry has just begun to recover from a pandemic, individuals will need to present proof of vaccination later this month in order to carry out indoor activities in restaurants, gyms and other meetinghouses.
Tyson Foods Inc (NYSE :), the largest meat producer in the United States, requires all US employees to be vaccinated by November.
US companies continue to report strong earnings, helping to overcome concerns that an increase in cases associated with the highly contagious delta variant of the coronavirus will delay economic recovery.
Regulatory crackdowns on Chinese companies are also putting nervous energy into the market, prompting Tencent Holdings Ltd (HK :) ADR (OTC :) to plummet this week.
Another video game company, Take to interactive Software Inc (NASDAQ :) has fallen nearly $ 10 after the makers of Grand Theft Auto have released disappointing sales forecasts.
On a bright day of data, the United States rose 1.5% in June after a 2.3% increase last month. According to Reuters, the economists surveyed are expected to rise 1% in June. Friday’s job report continues to receive attention, but a personal salary reading is scheduled for Wednesday morning.
There are three things that can affect tomorrow’s market.
1. General Motors earnings
General Motors (NYSE :) will report its second quarter earnings on Wednesday. Automakers looking to make a big boost to electric vehicles in the next few years are expected to generate $ 29.92 billion in revenue and $ 1.69 per share, according to analysts tracked by Investing.com. increase.
2. Food income
Kraft Heinz (NASDAQ :), a manufacturer of ketchup, Oscar Mayer hot dogs, gero and boxed macaroni and cheese, appears to have recorded $ 6.55 billion in revenue and 72 cents EPS in the second quarter. I am.
3. More Ride Hailing Revenue
Uber Technologies Inc (NYSE :) is expected to record a loss of 54 cents per share and revenue of $ 3.74 billion in the second quarter. The report follows rival LYFT Inc (NASDAQ :), which will be released after Wednesday’s Closing Bell and will be reported later on Tuesday. As the number of passengers increased, the two dispatchers struggled to find a driver.
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