[Music] So, there's a great deal of data out this morning. Uh, in fact, I think all of it was substantially better than anticipated. First, initial jobless claims uh plunged at 218,000.Street was looking for 235,000. You can see that chart down sharply from two weeks ago. Durable goods also came in above consensus and it was just not just a headline that was 2.9%.The core was up 4/10. The street thought it would be down. non-defense which is pure business investment up big 6 cents of a percent then we had t ...

The main U.S. equity indexes bounced off their intraday lows Thursday, but extended their respective losing streaks to three. The short-term trend continued despite incoming data showing both consumers and businesses remain resilient drivers of economic growth.The Bureau of Economic Analysis said before the opening bell that its final estimate of second-quarter gross domestic product showed the U.S. economy grew by 3.8% from April to June, faster than the 3.3% it saw in the second reading."It only seems fit ...

Market Overview - The market opened mixed, with the Dow dropping -316 points (-0.70%) after a +500-point gain the previous day, while the S&P 500 and Nasdaq saw modest increases of +0.07% and +0.18% respectively [1] - The small-cap Russell 2000 index fell -1.3% [1] Services & Manufacturing PMI - The S&P Services PMI for July was reported at 55.2, exceeding expectations of 53.2 and the previous month's 52.9, marking the highest level in 2025 [2] - In contrast, the S&P Manufacturing PMI fell to 49.5, below the anticipated 52.7 and the previous month's 52.9, indicating a decline in new orders for the first time this year [3] Earnings Results - Intel reported Q2 earnings with a loss of -$0.10 per share, missing the expected +$0.01, while revenues were $12.9 billion, surpassing the consensus of $11.87 billion [4] - Intel's guidance for Q3 includes revenue expectations of $12.6-13.6 billion but forecasts earnings of $0.00 per share, down from the expected 2 cents, and announced a further -15% workforce reduction [5] - Deckers Outdoor exceeded earnings expectations with 93 cents per share against estimates of 68 cents, and revenues of $965 million, a +17% increase year-over-year [6] - Despite a +20% surge in shares post-announcement, Deckers' stock is still down approximately -40% year-to-date [7] Upcoming Economic Indicators - Durable Goods Orders for June are anticipated to show a negative swing, with estimates at -11%, following erratic behavior influenced by tariff policies [8] - Q2 earnings reports are expected from Phillips 66 and AutoNation, with major companies like Microsoft, Apple, and Amazon set to report next week [9][10]