Morning Market Stats in 5 Minutes

Movers

Indices

• S&P 500 ETF SPY decreased 0.64% to $320.88.

• Nasdaq ETF QQQ decreased 1.55% to $254.01.

• Dow Jones Industrial Average ETF DIA fell 0.61% to $265.01.

• FTSE/Xinhua China 25 ETF FXI fell 1.48% to $41.80.

• FTSE Europe ETF VGK fell 0.69% to $53.03.

Commodities

• United States Oil ETF USO fell 0.11% to $29.38.

• Gold ETF GLD rose 1.05% to $179.12.

Bonds

• 20+ Yr Treasury Bond ETF TLT decreased 0.43% to $169.02.

Industries

• Retail ETF XRT decreased 0.02% to $46.66.

• Energy XLE rose 0.09% to $37.75.

• Technology XLK decreased 1.78% to $104.63.

• Financial XLF rose 0.08% to $24.36.

Stocks Higher

• Taiwan Semiconductor TSM rose 9.91% to $74.05.

• Advanced Micro Devices AMD increased 11.68% to $66.53.

• ChannelAdvisor ECOM rose 31.65% to $19.59.

Stocks Lower

• Intel INTC decreased 17.76% to $49.67.

• Nikola NKLA fell 10.35% to $30.43.

• Veoneer VNE decreased 15.20% to $11.66.

Top News

• Fluor Shares Quiet Following Trader Circulation Of Speculation From Dealreporter https://www.benzinga.com/node/16768914

• Piper Sandler Maintains Neutral on City Holding, Raises Price Target to $65 https://www.benzinga.com/node/16768913

• Shares of several Chinese stocks are trading lower after China ordered the closure of the US consulate in Chengdu on the heels of the US closing China's consulate in Houston. https://www.benzinga.com/node/16767316

• American Pacific Mining Execs Weigh In On Trending Commodities, COVID-19, Virtual Deals https://www.benzinga.com/node/16682301

• Micron shares are trading lower amid weakness in semiconductor equipment and materials companies after Intel announced its 7nm product transition has been delayed. https://www.benzinga.com/node/16769001

Upcoming Earnings

• Controladora Vuela VLRS will release earnings today for Q2. Last year, for the same quarter, they reported an EPS of $0.06 and revenue of $435,000,000. Analysts predict the revenue to be around $47,660,000 and the EPS to be at -$0.83.

Earnings Recap

• Honeywell International HON reported earnings today for Q2, higher than consensus estimates. They reported an earnings per share of $1.26, and sales of 7,477,000,000. Last year, for the same quarter, they reported an EPS of $2.1 and revenue of $9,243,000,000.

• Verizon Communications VZ released earnings for Q2, better than analyst estimates. They reported an EPS of $1.18, and revenue of 30,400,000,000.In the same quarter last year, they reported an earnings per share of $1.23 and revenue of $32,071,000,000.