Coca-Cola shares jumped more than 4% after the company posted earnings and revenue that topped analyst expectations. United Technologies advanced nearly 2%.US Marketsread more
The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a month-long truce.Marketsread more
In advance of Amazon's earnings report on Thursday, Craig Johnson says the stock chart is pointing to big gains. Mark Tepper also likes the stock.Trading Nationread more
Lawmakers, industry representatives and advocates are testifying to the Senate committee about the challenges that cannabis companies face in states where medical or...Health and Scienceread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
U.S. stock index futures are signalling a lower open on Wall Street on Wednesday, as a tentative rebound in oil prices fades.
U.S. investors will be watching for a further slew of earnings on Wednesday, with General Motors, GlaxoSmithKline, Merck, Toyota Motors, Clorox, Motorola Solutions, Ralph Lauren and Whirlpool due to report before the bell.
On Wednesday, Sony said in its preliminary third-quarter results that operating profit had doubled to 178.3 billion yen ($1.52 billion), while sales rose 6 percent to 2.56 trillion yen in the October-December quarter, Reuters reported.
On the data front, mortgage applications are due at 7:00 a.m. (ET), the ADP Employment report at 8:15 a.m. – which is seen as a precursor to Friday's important jobs report. This will be followed by the PMI Services Index at 9:45 a.m. and the ISM Non-manufacturing Index at 10:00 a.m., which will also give indications on the state of health of the U.S. economy.
In addition, oil inventories data is published at 10:30 a.m. and the Cleveland Federal Reserve's President Loretta Mester speaks at 12:45p.m.
Oil prices have fallen around 50 percent from a high of $114 a barrel last June on the back of an over-supply and lack of demand.
This week's rebound sparked hopes that prices had hit a bottom after a seven-month rout, but growth concerns in China have prompted renewed concern for global oil demand.
China's services sector grew at the slowest pace in six months in January as growth in new business weakened, an HSBC services purchasing manager's index (PMI) showed Wednesday, Reuters reported.