The social media company Twitter (NYSE: TWTR) shares rallied almost 8% in after-hours trading, to as high as $76 following the company announced better-than-expected second-quarter financial results. The company reported average monetizable daily active users of 206 million for Q2. Twitter stock has climbed more than 27% since the start of the year.
- Earnings per share: $.20 vs. $.7 expected
- Revenue: $1.19 million vs. $1.07 million expected
“As we enter the second half of 2021, we are shipping more, learning faster, and hiring remarkable talent,” Twitter CEO, Jack Dorsey said.
US stock futures trading near the fresh session high on Friday boosted by strong earnings results from the social media companies Snap and Twitter.
On the earnings front, American Express (NYSE: AXP) and Honeywell (NASDAQ: HON) is scheduled to report results today before the bell.
Crude oil prices trading higher on Friday supported by a rebound in the stock market and positive comments from the IMF on Thursday.
In the currency market, the EURUSD ignored the upbeat PMI data from Eurozone and Germany. During the previous session, the currency pair hits fresh weekly high after the ECB decision but later the pair retreat back to below 1.1800.
The precious metal slightly rebounded from the previous session losses supported by rising virus cases. During the previous session, the metal dropped to a fresh weekly low of $1792.5.
On the data front, UK retail sales volumes grew by 0.5% in June from May, the Office for National Statistics said, compared to the market expectation of a 0.4% increase.
On Thursday, the US Labor department released the latest weekly jobless claims report. The data showed the jobless claims increased last week to 419,000, the most in two months, from 368,000 the previous week.
Moving ahead today, the important events to watch:
Canada – Retail Sales: GMT – 12.30
US – Manufacturing PMI: GMT – 13.45
Worldwide, more than 192 million people have been confirmed infected and more than 4.1 million have died. The United States has confirmed over 34.2 million cases and has had more than 609,800 deaths from COVID-19, the highest totals in the world.
EURUSD: The currency pair trading under pressure following the dovish statement from European Central Bank. At the time of writing, the pair hovers near the 1.1760 area.
The important levels to watch for today: Support- 1.1750 and 1.1730 Resistance- 1.1800 and 1.1830.
GOLD: The metal trading is near $1800. Any break below the previous session low of $1792 will open the doors to $1787 and $1780. On the upper side, the immediate resistance at $1815.
The important levels to watch for today: Support- 1795 and 1790 Resistance- 1810 and 1815.
Quote of the day: “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” – Charlie Munger.
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