US open: Tesla and Netflix results drag on Wall Street
It was a mostly weaker open on Wall Street on Thursday as investors mulled earnings from Tesla and Netflix.
At 1527 BST, the Dow Jones Industrial Average was trading up by 0.44% to 35,213.75.
Yet the S&P 500 was off by 0.43% to 4,545.85 and the Nasdaq Composite was falling 1.21% to 14,184.0.
Of Tesla shares, Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, said that investors were disappointed by the lack of detail surrounding the production of Tesla's much-heralded Cybertruck.
Netflix's second quarter revenues meanwhile fell short of analysts' estimates.
Tesla shares were trading 6% lower and those of Netflix by 8%.
The latest economic reports meanwhile were a tad mixed.
On the positive side of things, initial unemployment claims for the week ending on 15 July surprised to the downside again, falling by 9,000 to 228,000 (consensus: 244,000).
However, Ian Shepherdson at Pantheon Macroeconomics noted the difficulty for seasonally adjusting the data around auto industry shutdown for retooling.
"At this point it is just not possible to know whether the dip in claims in the past couple weeks marks a real change or is just noise. Our guess is the latter [...]," he said.
The Philly Fed's factory sector index meanwhile slipped from -13.7 points for June to -13.5 in July (consensus: -10.0).
Dow Jones - Risers
Johnson & Johnson (JNJ) $166.91 5.15%
International Business Machines Corporation (CDI) (IBM) $139.65 3.08%
Travelers Company Inc. (TRV) $175.60 2.96%
Amgen Inc. (AMGN) $236.39 1.87%
Boeing Co. (BA) $212.26 1.75%
Merck & Co. Inc. (MRK) $107.63 1.59%
Goldman Sachs Group Inc. (GS) $345.35 1.41%
Chevron Corp. (CVX) $156.18 0.96%
JP Morgan Chase & Co. (JPM) $155.61 0.88%
Walmart Inc. (WMT) $155.91 0.83%
Dow Jones - Fallers
Salesforce.Com Inc. (CRM) $229.61 -2.03%
American Express Co. (AXP) $174.63 -1.41%
Intel Corp. (INTC) $34.03 -1.23%
Walt Disney Co. (DIS) $86.31 -0.84%
Microsoft Corp. (MSFT) $352.17 -0.82%
Visa Inc. (V) $239.50 -0.80%
Procter & Gamble Co. (PG) $149.36 -0.62%
Home Depot Inc. (HD) $318.61 -0.27%
3M Co. (MMM) $103.35 -0.13%
Nike Inc. (NKE) $109.76 -0.11%
S&P 500 - Risers
Zions Bancorporation (ZION) $37.55 8.97%
Johnson & Johnson (JNJ) $166.91 5.15%
Abbott Laboratories (ABT) $111.54 3.97%
Allstate Corp (The) (ALL) $109.33 3.35%
Progressive Corp. (PGR) $121.96 3.16%
Freeport-McMoRan Inc (FCX) $41.93 3.10%
International Business Machines Corporation (CDI) (IBM) $139.65 3.08%
Travelers Company Inc. (TRV) $175.60 2.96%
CenturyLink Inc. (LUMN) $1.95 2.91%
Medtronic Plc (MDT) $88.40 2.65%
S&P 500 - Fallers
Discover Financial Services (DFS) $103.97 -14.67%
Equifax Inc. (EFX) $215.73 -9.16%
Netflix Inc. (NFLX) $438.98 -8.08%
Sl Green Realty Corp. (SLG) $33.06 -8.01%
Genuine Parts Co. (GPC) $156.38 -6.96%
Sba Communications Corp. (SBAC) $218.87 -6.57%
Snap On Inc. (SNA) $277.23 -5.81%
American Airlines Group (AAL) $17.53 -5.73%
Truist Financial Corp. (TFC) $33.63 -5.51%
PulteGroup Inc. (PHM) $78.20 -4.59%
Nasdaq 100 - Risers
T-Mobile Us, Inc. (TMUS) $140.45 2.09%
Amgen Inc. (AMGN) $236.39 1.87%
Regeneron Pharmaceuticals Inc. (REGN) $730.47 1.59%
Vertex Pharmaceuticals Inc. (VRTX) $363.88 1.48%
Gilead Sciences Inc. (GILD) $80.06 1.39%
Incyte Corp. (INCY) $63.69 1.26%
Comcast Corp. (CMCSA) $43.22 1.21%
Charter Communications Inc. (CHTR) $393.10 1.17%
JD.com, Inc. (JD) $36.76 0.98%
Mondelez International Inc. (MDLZ) $73.89 0.92%
Nasdaq 100 - Fallers
Netflix Inc. (NFLX) $438.98 -8.08%
Tesla Inc (TSLA) $274.16 -5.87%
American Airlines Group (AAL) $17.53 -5.73%
Applied Materials Inc. (AMAT) $135.99 -4.08%
Asml Holdings N.V. (ASML) $691.83 -3.35%
Cognizant Technology Solutions Corp. (CTSH) $66.86 -3.23%
KLA-Tencor Corp. (KLAC) $456.19 -3.06%
Lam Research Corp. (LRCX) $623.90 -2.53%
Align Technology Inc. (ALGN) $334.27 -2.42%
Microchip Technology Inc. (MCHP) $89.57 -2.35%