5 Things You Must Know

17.07.2018 / 15:21

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Jerome Powell to Address Congress
U.S. stock futures traded lower on Tuesday, July 17, ahead of Federal Reserve Chairman Jerome Powell's first testimony before Congress. Contracts tied to the Dow Jones Industrial Average fell 3 points, futures for the S&P 500 were down 2.50 points and Nasdaq futures fell 9.25 points.

Netflix Falls Hard on Subscribers Miss
Netflix Inc. (NFLX) was falling 12.6% in premarket trading on Tuesday after the streaming giant missed estimates on subscriber growth, perceived by many analysts as the key to Netflix's long-term dominance as it chases international markets and spends heavily on content and marketing.

Amazon's Prime Day Hits a Snag
The Prime Day event was expected to be huge this year, with Coresight Research projecting $3.4 billion in sales, a significant jump from an estimated $2.41 billion in sales last year. It's both a sales windfall and a strategic push for Amazon, designed to drive Prime subscriptions and promote newer sales channels like Whole Foods and Twitch. The stock fell 0.6% in premarket trading.

Walmart in Cloud Partnership With Microsoft
Walmart Inc. (WMT) said Tuesday it has chosen Microsoft Corp. (MSFT) as its strategic cloud provider "to further accelerate Walmart's digital transformation in retail, empower its associates worldwide and make shopping faster and easier for millions of customers around the world."

Goldman, UnitedHealth Report Earnings
Goldman Sachs Group Inc. (GS) reported second-quarter profit of $5.98 a share, smashing estimates of $4.66. The stock fell 0.2% in premarket trading.
UnitedHealth Group Inc. (UNH) posted second-quarter adjusted earnings of $3.14 a share, 10 cents above estimates. Shares fell 1.7%.

Source: TheStreet

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5 Things You Must Know

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