Stock futures are higher this morning, recovering from yesterday’s declines. Here are five key updates for the trading day:
1. Fed Watch
The Federal Reserve kept interest rates steady yesterday, but dissent among policymakers has raised questions about a possible rate hike in September.
2. Meta Slumps
Shares of Meta Platforms are down 10% pre-market after missing earnings estimates and issuing a weaker revenue forecast. The company also reported shrinking free cash flow due to heavy investments in AI infrastructure.
3. Tensions Escalate
Iran threatened retaliation following U.S. strikes on Iranian military targets. U.S. Central Command described the strikes as a “powerful response” to Iran’s attack attempts in the Middle East.
4. Chipotle Rises, But Concerns Linger
Chipotle raised its full-year sales forecast after beating Q2 expectations, with shares up 6%. However, the company warned of a recent sales dip linked to a cyclospora outbreak, though its lettuce supply is unaffected.
5. Political Delay
The Senate Judiciary Committee postponed a vote on Todd Blanche’s attorney general nomination amid concerns from two Republican senators over the Justice Department’s settlement related to Trump’s IRS lawsuit.
Source (CNBC)
