Trish: Stocks Start Month Strong On Upbeat Earnings Results

U.S. stocks rose in Monday morning trading amid greater earnings optimism, as investors interpreted positive earnings data as a sign that the U.S. economy is doing well.

Positive earnings data outweighed the concerns over the Chinese regulatory crackdown and  even the spread of the delta variant in the U.S. (Story continues below.)

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Investors will be watching the Markit U.S. manufacturing PMI data, set to be released on Monday.

Equities

U.S. stocks rose as earnings data boosted market sentiment. The Dow Jones Industrial Average gained 150 points, or, 0.43%, to 35,084. The S&P 500 tacked on an additional 21 points, or 0.48% to 4,416, as the Nasdaq Composite Index jumped 0.39%, or 57 points. (Story continues below.)

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U.S. Dollar and Treasuries

The yield on the 10-year U.S. Treasuries decreased one basis point. The dollar dropped.

Price Chg. Chg. %
U.S. Dollar Index (DXY): 91.96 -0.21 (-0.23%)

 

Treasury yields: Yield today Previous Yield
3 Month Treasury 0.053 +0.007
2 Year Treasury 0.178 -0.01
5 Year Treasury 0.679 -0.024
10 Year Treasury 1.227 -0.012
30 Year Treasury 1.906 +0.012

 

Stocks To Watch

Biotech company Exicure announced entry into an exclusive collaboration with Ipsen on developing treatments for rare neurodegenerative disorders.

Chinese fashion retailer Ever-Glory announced a $5 million stock repurchase program. Stocks surged as a result.

BSQUARE, an internet of things service provider, increased on retail investor interest. Retail investors often speculate on companies with a low float and high short interest.

Symbol Price Chg. Chg. % Volume
Exicure Inc XCUR 1.77 +0.4200 +31.11% 9.54M
Ever-Glory EVK 4.32 +2.060 +91.15% 1.87M
BSQUARE BSQR 3.65 +0.500 +15.87% 1.17M

 

Commodities To Watch

Oil prices dropped on concerns over weakening demand from China. Chinese factory activity sharply decreased in July. Gold slipped. 

Price Chg. %
WTI Crude Oil $72.76 -1.61%
Brent Crude Oil $74.39 -1.35%
Natural Gas $4.01 2.35%
Gold $1,812.00 -0.29%
Corn $547.75 0.46%

 

Crypto

The global crypto market cap fell by 2.8% in the last 24 hours

Symbol Price Chg. % Market Cap.
Bitcoin BTC $ 39,737.91 -4.81% $ 746.04 billion
Ethereum ETH $ 2,601.47 +0.11% $ 303.13 billion
Tether USD USDT $ 1.00 +0.07% $ 62.17 billion
Binance Coin BNB $ 334.64 -2.32% $ 50.76 billion
Cardano ADA $ 1.33 -2.87% $ 41.41 billion
Ripple XRP $ 0.7528 -1.56% $ 33.18 billion

 

 

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Trish Reganhttps://trishintel.com
Trish Regan is an award winning financial journalist, an American television talk show host and author who interprets political events through an economic lens.

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