- S&P -5pts to 1978
- Dow -22pts to 17035
- Nasdaq -4pts to 4421
US 10 year yields 2.50% -2bp Despite us highlighting the bank earnings there have been other of course and some have left a lot to be desired. SanDisk missed estimates and Microsoft said it will shed 18,000 jobs. It pushed the stock price up 2.8% but it’s not great news in the bigger picture.
Up in 10 minutes we have the July Philly Fed survey to give us some possible data moves. We’re expecting 16.0 from 17.8 prior. Sometimes it’s a mover sometimes not.
