U.S. stocks fell in premarket trading on Thursday as investors weighed corporate earnings against inflation and growing China risks.
Corporate earnings have somewhat eased concerns that inflation pressures would slow the pandemic recovery. Despite rising costs, 84% of the companies that posted earnings so far beat expectations. However, that was not enough to satisfy the markets. Stocks that beat expectations did not go considerably higher. Those that missed were hammered.
Jobless claims data was better than expected on Wednesday. Initial claims fell to a pandemic low of 290,000, better than the estimated 297,000. Level Chg. Chg. % DOW Futures 35,378.00 -99 […]
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