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2021-08-07

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Mid-Morning Market Update: Markets Mostly Higher; McDonald's Tops Q2 Estimates

Following the market opening Wednesday, the Dow traded down 0.09% to 35,025.24 while the NASDAQ rose 0.72% to 14,765.75. The S&P also rose, gaining 0.09% to 4,405.46.

Mid-Morning Market Update: Markets Mostly Higher; McDonald's Tops Q2 Estimates

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Meanwhile, top gainers in the sector included The9 Limited (NASDAQ: NCTY), up 9% and iClick Interactive Asia Group Limited (NASDAQ: ICLK) up 11%.\n\r\nIn trading on Wednesday, financial shares fell 0.6%.\n\nTop Headline\nMcDonald's Corporation (NYSE:MCD) reported better-than-expected results for its second quarter.\nMcDonald's reported quarterly adjusted earnings of $2.37 per share, beating analysts’ estimates of $2.08 per share. The company’s revenue came in at $5.89 billion, versus expectations of $5.53 billion. Same-store sales for the company surged40.5% in the second quarter\nEquities Trading UP\n\nGrove, Inc. (NASDAQ: GRVI) shares shot up 31% to $6.08 after the company issued preliminary Q4 sales guidance. The company said it sees preliminary Q4 revenue of $10.1 million to $10.4 million, up 300% year-over-year. The company also expects FY21 revenue of $23.6 million to $23.9 million, up 200% year-over-year.\n\r\nShares of Taoping Inc. (NASDAQ: TAOP) got a boost, shooting 21% to $3.75 after the company announced it has entered into a letter of intent to acquire 51% of the ownership of Zhenjiang Taoping.\n\nBit Digital, Inc. (NASDAQ: BTBT) shares were also up, gaining 20% to $7.09 after tumbling around 34% on Tuesday. Bit Digital and Digihost recently announced they entered into a second strategic co-mining agreement.\nCheck out these big movers of the day\n\nEquities Trading DOWN\nHöegh LNG Partners LP (NYSE:HMLP) shares tumbled 60% to $7.19 after the company announced it cut its quarterly distribution from $0.44 to $0.01 per unit. Several firms also downgraded the stock.\nShares of <a href=\"https://laohu8.com/S/AEI\">Alset EHome International Inc.</a> (NASDAQ: AEI) were down 34% to $2.24 after the company priced its underwritten public offering of about 6.4 million shares at $2.12 per share and its pre-funded warrants offering of about 8.66 million shares at $2.11 per share.\nSGOCO Group, Ltd. (NASDAQ:SGOC) was down, falling 15% to $9.40 after jumping around 30% on Tuesday. The company recently regained Nasdaq compliance.\n\nCommodities\n\r\nIn commodity news, oil traded up 0.5% to $71.98, while gold traded down 0.1% to $1,798.50.\n\r\nSilver traded up 0.8% Wednesday to $24.84 while copper fell 0.1% to $4.5395.\n\nEuro zone\nEuropean shares were higher today. The eurozone’s STOXX 600 rose 0.4%, the Spanish Ibex Index rose 0.7% and the German DAX 30 gained 0.2%. Meanwhile, the London’s FTSE 100 rose 0.2%, French CAC 40 climbed 0.8% and Italy’s FTSE MIB climbed 0.7%.\nThe consumer confidence in France declined to 101 in July versus a revised reading of 103 in the earlier month. Annual house price growth in the UK fell to 10.5% in July from a seventeen-year high level of 13.4% in the prior month. Import prices in Germany climbed 12.9% annually in June, while consumer climate indicator for Germany came in unchanged at -0.3 for August. Italy's manufacturing confidence index climbed to 115.7 in July from 114.8 in the prior month.\n\nEconomics\n\r\nThe US goods trade deficit increased to $91.21 billion in June from $88.16 billion in the earlier month.\n\r\nUS wholesale inventories rose 0.8% month-over-month to $715 billion in June.\n\r\nThe Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.\n\r\nThe Federal Reserve will announce its policy decision at 2:00 p.m. ET.\n\r\nFed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.\nCheck out the full economic calendar here \n\n</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mid-Morning Market Update: Markets Mostly Higher; McDonald's Tops Q2 Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMid-Morning Market Update: Markets Mostly Higher; McDonald's Tops Q2 Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nBenzinga \n2021-07-28 22:34\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body>Following the market opening Wednesday, the Dow traded down 0.09% to 35,025.24 while the NASDAQ rose 0.72% to 14,765.75. The S&amp;P also rose, gaining 0.09% to 4,405.46.\nThe U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 34,606,500 cases with around 611,3050 deaths. India confirmed a total of at least 31,484,600 cases and 422,020 deaths, while Brazil reported over 19,749,070 COVID-19 cases with 551,830 deaths. In total, there were at least 195,392,720 cases of COVID-19 worldwide with more than 4,178,430 deaths, according to data compiled by Johns Hopkins University.\n\nLeading and Lagging Sectors\n\r\nCommunication services shares climbed 1.5% on Wednesday. Meanwhile, top gainers in the sector included The9 Limited (NASDAQ: NCTY), up 9% and iClick Interactive Asia Group Limited (NASDAQ: ICLK) up 11%.\n\r\nIn trading on Wednesday, financial shares fell 0.6%.\n\nTop Headline\nMcDonald's Corporation (NYSE:MCD) reported better-than-expected results for its second quarter.\nMcDonald's reported quarterly adjusted earnings of $2.37 per share, beating analysts’ estimates of $2.08 per share. The company’s revenue came in at $5.89 billion, versus expectations of $5.53 billion. Same-store sales for the company surged40.5% in the second quarter\nEquities Trading UP\n\nGrove, Inc. (NASDAQ: GRVI) shares shot up 31% to $6.08 after the company issued preliminary Q4 sales guidance. The company said it sees preliminary Q4 revenue of $10.1 million to $10.4 million, up 300% year-over-year. The company also expects FY21 revenue of $23.6 million to $23.9 million, up 200% year-over-year.\n\r\nShares of Taoping Inc. (NASDAQ: TAOP) got a boost, shooting 21% to $3.75 after the company announced it has entered into a letter of intent to acquire 51% of the ownership of Zhenjiang Taoping.\n\nBit Digital, Inc. (NASDAQ: BTBT) shares were also up, gaining 20% to $7.09 after tumbling around 34% on Tuesday. Bit Digital and Digihost recently announced they entered into a second strategic co-mining agreement.\nCheck out these big movers of the day\n\nEquities Trading DOWN\nHöegh LNG Partners LP (NYSE:HMLP) shares tumbled 60% to $7.19 after the company announced it cut its quarterly distribution from $0.44 to $0.01 per unit. Several firms also downgraded the stock.\nShares of <a href=\"https://laohu8.com/S/AEI\">Alset EHome International Inc.</a> (NASDAQ: AEI) were down 34% to $2.24 after the company priced its underwritten public offering of about 6.4 million shares at $2.12 per share and its pre-funded warrants offering of about 8.66 million shares at $2.11 per share.\nSGOCO Group, Ltd. (NASDAQ:SGOC) was down, falling 15% to $9.40 after jumping around 30% on Tuesday. The company recently regained Nasdaq compliance.\n\nCommodities\n\r\nIn commodity news, oil traded up 0.5% to $71.98, while gold traded down 0.1% to $1,798.50.\n\r\nSilver traded up 0.8% Wednesday to $24.84 while copper fell 0.1% to $4.5395.\n\nEuro zone\nEuropean shares were higher today. The eurozone’s STOXX 600 rose 0.4%, the Spanish Ibex Index rose 0.7% and the German DAX 30 gained 0.2%. Meanwhile, the London’s FTSE 100 rose 0.2%, French CAC 40 climbed 0.8% and Italy’s FTSE MIB climbed 0.7%.\nThe consumer confidence in France declined to 101 in July versus a revised reading of 103 in the earlier month. Annual house price growth in the UK fell to 10.5% in July from a seventeen-year high level of 13.4% in the prior month. Import prices in Germany climbed 12.9% annually in June, while consumer climate indicator for Germany came in unchanged at -0.3 for August. Italy's manufacturing confidence index climbed to 115.7 in July from 114.8 in the prior month.\n\nEconomics\n\r\nThe US goods trade deficit increased to $91.21 billion in June from $88.16 billion in the earlier month.\n\r\nUS wholesale inventories rose 0.8% month-over-month to $715 billion in June.\n\r\nThe Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.\n\r\nThe Federal Reserve will announce its policy decision at 2:00 p.m. ET.\n\r\nFed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.\nCheck out the full economic calendar here \n\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/news/earnings/21/07/22198804/mid-morning-market-update-markets-mostly-higher-mcdonalds-tops-q2-estimates","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154922538","content_text":"Following the market opening Wednesday, the Dow traded down 0.09% to 35,025.24 while the NASDAQ rose 0.72% to 14,765.75. The S&P also rose, gaining 0.09% to 4,405.46.\nThe U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 34,606,500 cases with around 611,3050 deaths. India confirmed a total of at least 31,484,600 cases and 422,020 deaths, while Brazil reported over 19,749,070 COVID-19 cases with 551,830 deaths. In total, there were at least 195,392,720 cases of COVID-19 worldwide with more than 4,178,430 deaths, according to data compiled by Johns Hopkins University.\n\nLeading and Lagging Sectors\n\r\nCommunication services shares climbed 1.5% on Wednesday. Meanwhile, top gainers in the sector included The9 Limited (NASDAQ: NCTY), up 9% and iClick Interactive Asia Group Limited (NASDAQ: ICLK) up 11%.\n\r\nIn trading on Wednesday, financial shares fell 0.6%.\n\nTop Headline\nMcDonald's Corporation (NYSE:MCD) reported better-than-expected results for its second quarter.\nMcDonald's reported quarterly adjusted earnings of $2.37 per share, beating analysts’ estimates of $2.08 per share. The company’s revenue came in at $5.89 billion, versus expectations of $5.53 billion. Same-store sales for the company surged40.5% in the second quarter\nEquities Trading UP\n\nGrove, Inc. (NASDAQ: GRVI) shares shot up 31% to $6.08 after the company issued preliminary Q4 sales guidance. The company said it sees preliminary Q4 revenue of $10.1 million to $10.4 million, up 300% year-over-year. The company also expects FY21 revenue of $23.6 million to $23.9 million, up 200% year-over-year.\n\r\nShares of Taoping Inc. (NASDAQ: TAOP) got a boost, shooting 21% to $3.75 after the company announced it has entered into a letter of intent to acquire 51% of the ownership of Zhenjiang Taoping.\n\nBit Digital, Inc. (NASDAQ: BTBT) shares were also up, gaining 20% to $7.09 after tumbling around 34% on Tuesday. Bit Digital and Digihost recently announced they entered into a second strategic co-mining agreement.\nCheck out these big movers of the day\n\nEquities Trading DOWN\nHöegh LNG Partners LP (NYSE:HMLP) shares tumbled 60% to $7.19 after the company announced it cut its quarterly distribution from $0.44 to $0.01 per unit. Several firms also downgraded the stock.\nShares of Alset EHome International Inc. (NASDAQ: AEI) were down 34% to $2.24 after the company priced its underwritten public offering of about 6.4 million shares at $2.12 per share and its pre-funded warrants offering of about 8.66 million shares at $2.11 per share.\nSGOCO Group, Ltd. (NASDAQ:SGOC) was down, falling 15% to $9.40 after jumping around 30% on Tuesday. The company recently regained Nasdaq compliance.\n\nCommodities\n\r\nIn commodity news, oil traded up 0.5% to $71.98, while gold traded down 0.1% to $1,798.50.\n\r\nSilver traded up 0.8% Wednesday to $24.84 while copper fell 0.1% to $4.5395.\n\nEuro zone\nEuropean shares were higher today. The eurozone’s STOXX 600 rose 0.4%, the Spanish Ibex Index rose 0.7% and the German DAX 30 gained 0.2%. Meanwhile, the London’s FTSE 100 rose 0.2%, French CAC 40 climbed 0.8% and Italy’s FTSE MIB climbed 0.7%.\nThe consumer confidence in France declined to 101 in July versus a revised reading of 103 in the earlier month. Annual house price growth in the UK fell to 10.5% in July from a seventeen-year high level of 13.4% in the prior month. Import prices in Germany climbed 12.9% annually in June, while consumer climate indicator for Germany came in unchanged at -0.3 for August. Italy's manufacturing confidence index climbed to 115.7 in July from 114.8 in the prior month.\n\nEconomics\n\r\nThe US goods trade deficit increased to $91.21 billion in June from $88.16 billion in the earlier month.\n\r\nUS wholesale inventories rose 0.8% month-over-month to $715 billion in June.\n\r\nThe Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.\n\r\nThe Federal Reserve will announce its policy decision at 2:00 p.m. ET.\n\r\nFed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.\nCheck out the full economic calendar here","news_type":1,"symbols_score_info":{"HMLP":0.9,"MCD":1,"NCTY":0.9,"QTWO":1,"SGOC":0.9}},"isVote":1,"tweetType":1,"viewCount":799,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Mid-Morning Market Update: Markets Mostly Higher; McDonald's Tops Q2 Estimates

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