Earnings Report

Comparable sales have shown improvement every week of this month, reaching the low single digits by July 25.

GDP, jobless claims and tech earnings are on tap

The global licensing agreement grants Huawei back rights to some of the San Diego-based tech company’s patents.

Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai defended their businesses at an antitrust hearing.  

The aviation business, once a profit engine for GE, swung to a loss in the June quarter as both revenue and orders plunged. The unit produces engines for Boeing Co. and Airbus SE planes but has had to cut production and jobs as airlines delay orders.

Wingstop said it earned 39 cents a share, more than double the figure in the year-ago period, on revenue that rose 36 percent year over year, to $66.1 million.

General Motors lost $758 million in the second quarter as revenue fell 53 percent from a year ago.

Sales in the commercial airplanes business, Boeing's largest, sank 65 percent to $1.8 billion as the planemaker delivered just 20 aircraft, less than a third of the total a year earlier.

Blue Apron added 20,000 customers during the three months through June, helping increase the order count by 389,000.

In the second quarter, investment bank revenues rose 46%

Traders will be watching earnings, tech and the Fed

Shares of Starbucks have surged more than 5 percent in after-hours trading as 97 percent of its company-operated stores around the world have reopened, including 99 percent of stores in China and 96 percent in the United States.

Coronavirus relief negotiations with House Democrats, who passed a larger relief bill months earlier and criticized the GOP plan as insufficient, are ongoing.

McDonald's expects to permanently close 200 of its U.S. locations this year, over half of which are located within Walmart stores where sales have fallen.

Raytheon said it achieved a record backlog of $73.1 billion from its defense business in the second quarter, pointing to strong demand from the U.S. government and international customers.

The company's candidate vaccine to protect against Covid-19, which it is developing with BioNTech, began Phase 3 testing this week.

The Long Island City, New York-based air carrier lost $320 million in the three months through June as ticket sales plunged.

McDonald's Corp on Tuesday reported a bigger-than-expected drop in global same-store sales and missed profit expectations, as its restaurants were shut due to the COVID-19 pandemic, limiting operations to only drive-thru and delivery.

Harley-Davidson is planning a strategic overhaul after losing $92 million in the second quarter as COVID-19 slammed business.

The Arlington, Texas-based homebuilder booked a fiscal third-quarter profit of $630.7 million, or $1.72 per share, as revenues rose 10 percent to a record $5.4 billion.