‘Fear of Missing out’ Rally Could Continue with Thursday’s Earnings

Planes, trains and automobiles, as well as financial companies and consumer names, will join the earnings deluge Thursday.

Southwest Airlines, Union Pacific, General Motors, Blackstone, Travelers, Bank of New York Mellon, Unilever and Dunkin Brands are among the dozens of companies reporting second-quarter results before the opening bell. After the close, Starbucks, AT&T, Capital One, Visa, Schlumberger, Boston Beer and Chipotle report.

Stocks closed higher Wednesday, as a wave of positive earnings news helped send the S&P 500 to an all-time high of 2,173, and the Dow up 36 to a record high of 18,595, its seventh in a row. Nasdaq jumped 1 percent to 5,089, lifted by a rally in biotechs.

CNBC

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam