5 Things to Know Before the Stock Market Opens

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Amara

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Jul 18, 2024
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  1. Market Performance: All major indexes closed lower on Tuesday, with the S&P 500 down 0.16%, the Nasdaq Composite down 0.06%, and the Dow Jones Industrial Average down 0.14%.
  2. Earnings Reports: Tesla missed earnings expectations with adjusted EPS of 52 cents, while Alphabet's YouTube ad revenue fell short, though it topped overall earnings and revenue expectations.
  3. Housing Market: Previously owned home sales dropped 5.4% in June compared to May, reaching 3.89 million units, with inventory rising and prices hitting a new high.
  4. Secret Service Resignation: Kimberly Cheatle resigned as Director of the U.S. Secret Service following the attempted assassination of former President Donald Trump and subsequent scrutiny over security lapses.
  5. Delta Air Lines Investigation: The U.S. Department of Transportation is investigating Delta for flight disruptions and customer service failures following an IT outage, with the airline pledging to cooperate and resolve issues.
 
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