Pre-Markets Higher on Positive Q2 Earnings, Homebuilding Data

Market Overview - Pre-market futures are up with the Dow at +0.12%, S&P 500 at +0.09%, Nasdaq at +0.16%, and Russell 2000 leading at +0.52% [1] Bond Market - Bond yields have remained steady; the 10-year yield is at +4.44%, up 3 basis points from last week, the 2-year yield is at +3.88%, and the 30-year yield is at +5.00% [2] Housing Market - Housing Starts for June are at 1.32 million, slightly above projections, but still historically low, up from 1.256 million the previous month [3] - Building Permits increased to 1.397 million from 1.394 million in May, remaining at low levels compared to January 2022 when permits were close to 2 million [4] Q2 Earnings Reports - 3M reported Q2 earnings of $2.16 per share, beating expectations of $2.01, with revenues of $6.2 billion exceeding forecasts [5] - American Express reported Q2 earnings of $4.08 per share, surpassing the expected $3.86, with revenues of $17.9 billion, reflecting a year-over-year growth of +9% [6] - Charles Schwab's Q2 earnings were $1.14 per share on revenues of $5.85 billion, both exceeding consensus estimates, with shares up +5% in pre-market trading [7] Consumer Sentiment - A preliminary print on Consumer Sentiment for July is expected to improve to 61.8 from 60.7, indicating a healthier economic environment [7]