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Futures Rise As Oil Drops, Bond Selling Slows, Meta Tumbles And Microsoft Soars
['Tyler Durden']
ZeroHedge News
Lam Research (LRCX) is up 8% after the semiconductor capital equipment company reported fourth-quarter results that beat expectations.
Porch Group (PRCH) soars 21% after the home-services software company reported second-quarter revenue that was stronger than expected on key metrics.
Here are some of the biggest movers on Thursday:L’Oreal shares rise as much as 4.6% after the beauty company reported second-quarter like-for-like revenue that beat consensus estimates.
IG dollar issuance slate empty so far, follows a light issuance calendar on Wednesday due to the Fed rate decision.
On the data front, today’s attention in the US will be on the June PCE report and Q2 GDP data.