U.S. stocks mostly held steady on Monday, but the Nasdaq Composite and technology shares fell.» Read More
July 30- Home and auto insurer Allstate Corp reported a 49 percent jump in quarterly profit as costs fell and the company earned more premiums. On an operating basis, Allstate reported earnings of $1.01 per share. Premiums earned at Allstate's property-liability division rose about 5 percent to $7.20 billion.
*Chipotle rallies a day after results, Netflix slides. Netflix Inc, one of the market's biggest trading favorites over the past few years, reported a quarterly profit that more than doubled on Monday after the market closed. However, on Tuesday, Netflix shares fell 4.6 percent to $431.09 as the company's plans to expand in Europe were seen as eroding profits.
*Q2 oper earnings $1.93/ shr vs. est $2.07. July 22- Property and casualty insurer Travelers Cos Inc reported a steeper-than-expected fall in quarterly operating profit, hurt by bigger catastrophe losses and a slowing pace of premium rate increases.
NEW YORK, July 22- A federal appeals court on Tuesday ordered Travelers Cos Inc to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville Corp, a policyholder that spent six years in bankruptcy during the 1980 s.
*Q2 oper earnings $1.93/ shr vs. est $2.07/ shr. July 22- Property and casualty insurer Travelers Cos Inc's quarterly earnings fell short of analysts' estimates as hail and wind storms in the United States increased catastrophe losses.
July 22- Property and casualty insurer Travelers Cos Inc reported a 26 percent drop in quarterly net profit as catastrophe losses rose. The company, a Dow Jones Industrial Average component, said net income fell to $683 million, or $1.95 per share, in the second quarter ended June 30, from $925 million, or $2.41 per share, a year earlier.
Despite the shadow of geopolitics, major earnings reports and key reports on inflation and home sales could produce a back to business Tuesday.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
U.S. stocks jumped on Tuesday, with the Dow rising to within two points of 17,000.
Though sales of cyber-insurance are a fraction of the $1.1 trillion in total premiums, experts see the number growing exponentially.
Stocks rose on Wednesday after a measure of the U.S. services sector climbed more than expected.
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U.S. stocks fluctuated on Wednesday as investors cycled out of so-called momentum stocks.
The "Fast Money" traders share their final trades of the day.
April 24- Property and casualty insurer Chubb Corp reported a weaker-than-expected first-quarter profit, hurt by higher catastrophe losses related to severe winter in the United States. On an operating basis, Chubb earned $1.50 per share, below analysts' average estimate of $1.56 per share, according to Thomson Reuters I/B/E/S.
*Netflix up after results; Facebook gains on upgrade. Netflix Inc surged 7 percent to $372.90 a day after showing strong subscriber growth, a sign the trading favorite still had room to grow despite recent concerns over its valuation.
The Treasury auctioned $32 billion in two-year notes at a high yield of 0.447 percent. The bid-to-cover ratio, an indicator of demand, was 3.35.
*Netflix up after results, Facebook gains on upgrade. Healthcare, up 1.5 percent, was the best performing of the 10 major S&P sectors, as Allergan Inc jumped 15.8 percent to $164.48 a day after activist investor William Ackman teamed up with Canadian drugmaker Valeant Pharmaceuticals International Inc to bid for the company.
Some of Tuesday's midday movers:
*Netflix up after results, Facebook gains on update. Dow components Travelers Cos Inc and United Technologies Corp both reported first-quarter earnings that beat expectations, and United Tech raised the low end of its full-year profit outlook. Shares of Travelers rose 0.2 percent to $86.58 while United Tech was up 1.2 percent at $119.69.