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US Equities Markets End Mixed Monday as Traders Await Key Corporate Earnings
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US Equities Markets End Mixed Monday as Traders Await Key Corporate Earnings
Jun 24, 2024 1:30 PM

04:02 PM EDT, 06/24/2024 (MT Newswires) -- US equity indexes ended mixed Monday as traders awaited several key corporate earnings scheduled to be released later in the week.

* Micron Technology ( MU ) , Nike ( NKE ) , FedEx ( FDX ) , Carnival (CCL, CUK), Walgreens Boots Alliance ( WBA ) and Levi Strauss (LEVI) are among the major names scheduled to report their latest quarterly financial results later this week.

* The Dallas Fed's monthly manufacturing index rose to minus 15.1 in June from minus 19.4 in May, compared with expectations for minus 15 in a survey compiled by Bloomberg. The reading indicates a slower pace of contraction, in line with the Empire State reading released earlier.

* San Francisco Fed President Mary Daly said that the Federal Open Market Committee must remain open to adjusting policy as needed but said that the bumpiness of recent inflation and uncertainty going forward has not provided the FOMC enough confidence to lower rates yet.

* July West Texas Intermediate crude oil rose $0.93 to $81.66 per barrel, while August Brent crude, the global benchmark, was last seen up $0.80 at $86.04 on solid demand and a falling dollar.

* International Business Machines' ( IBM ) shares were up 1.8% as Goldman Sachs resumed the stock at a buy rating, with a $200 price target.

* Nvidia ( NVDA ) shares were down 6.1% even as Ooredoo, a Qatari telecoms group, said Nvidia's ( NVDA ) full-stack artificial intelligence platform will power the AI platform it is developing for the Middle East and North Africa region.

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