Stock Market Today: Dow Jones Futures Gain as Coca-Cola Jumps After Q2 Beat, S&P 500, Nasdaq 100 Decline—Boeing, Johnson & Johnson in Focus (UPDATED)
Key takeaways
- The Dow Jones futures gained 0.51%, while Coca-Cola and Boeing reported positive Q2 earnings and revenue beats.
- Dow Jones futures gain 0.51%
- S&P 500 decline 0.016%
- Nasdaq 100 fall 0.18%
What happened
The Dow Jones futures gained 0.51% to 52,210.08, while the S&P 500 declined 0.016% to 7,413.18, and the Nasdaq 100 fell 0.18% to 24,932.08. Coca-Cola (KO) jumped 3.46% after beating Q2 earnings estimates, and Boeing (BA) rose 1.85% after reporting Q2 revenue above expectations.
Why it matters
Coca-Cola's Q2 earnings beat and Boeing's Q2 revenue beat are significant as they indicate the companies' resilience in a challenging market. Additionally, the upcoming economic data releases, including the S&P CoreLogic Case-Shiller home price index and the Conference Board consumer confidence data, will provide…
Short-term and longer-term
Short-term. Watch for the S&P CoreLogic Case-Shiller home price index release at 9:00 a.m.
Longer-term. Over the next few months, ask whether this changed growth, prices, or the path of interest rates.