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Omar Venerio
Omar Venerio
Articles (913) 

Wall Street Opens With Mixed Results Ahead of BlackRock Results and China's Expansion

BlackRock dissapoints investors

The markets are trading in mixed territory after U.S. stock market hit record highs on Friday, and futures are indicating stocks could go up more today.

The second-quarter earnings season started last Friday with Citigroup (NYSE:C), JPMorgan (NYSE:JPM) and Wells Fargo (NYSE:WFC). Today, BlackRock (NYSE:BLK) reported EPS of $5.24 and revenue of $2.97 billion, coming in short by 15 cents and $40 million.

China's economy grew more than expected in the second quarter due to an increase in industrial production and consumption. The economy grew by 6.9% year over year during the quarter.

Morning movers

Among the most active securities today are AcelRx Pharmaceuticals Inc. (NASDAQ:ACRX), Nvidia Corp. (NASDAQ:NVDA), Micron Technology Inc. (NASDAQ:MU), Nutanix Inc. (NASDAQ:NTNX), Apple Inc. (NASDAQ:AAPL), Netflix Inc. (NASDAQ:NFLX), Facebook Inc. (NASDAQ:FB) and Tesla Inc. (NASDAQ:TSLA).

Top gainers

AcelRx Pharmaceuticals, Amyris Inc. (AMRS), Nutanix, Weibo Corp. (WB), Cara Therapeutics Inc.(CARA), Fifth Street Finance Corp. (FSC), Akcea Therapeutics Inc.(AKCA) and EigerBioPharmaceuticals Inc. (EIGR).

Top losers

Ericsson (ERIC), Yandex N.V. (YNDX), J.B. Hunt Transport Services Inc. (JBHT), Sangamo Therapeutics Inc.(SGMO), LivePerson Inc.(LPSN), Tesla and Prospect Capital Corp. (PSEC).

Europe

The main exchanges in Europe are closing with mixed results. The FTSE 100, DAX, CAC 40 and IBEX 35 closed down around 0.25%, -0.45% and -0.1%, respectively.

Disclosure: The author holds no positions in any stocks mentioned.

About the author:

Omar Venerio
Omar Venerio is capital markets, derivatives, corporate finance and financial management professor. He is passionate about the stock market and providing independent fundamental research and hedge fund and insider trading-focused investigation.

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