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Futures Point to a Higher Open on Wall Street Thursday

July 30, 2023
in Trade Tube
Reading Time: 1 min read
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A ceasefire between Russia and Ukraine seems to be helping the bullish sentiment on Wall Street. The peace deal takes effect February 15. The markets seem to be shrugging off news that Greece and the Euro Zone finance ministers did not reach a deal on Greek debt. Talks resume Monday. Greece’s bailout program ends February 28th. Retail sales January are in focus. The expectation is for a second straight month of declines. Checking stocks to watch.. an unexpected loss for Tesla Motors, 13-cents a-share when a profit is what Wall Street expected. Deliveries of Tesla’s $71,000 dollar-and-up luxury electric cars fell short of already lowered forecasts because of weather and customers unable to accept deliveries. Chief Executive Elon Musk predicts brighter days in 2015. Whole Foods Market beats the Street. The upscale grocery chain reported Q1 earnings of 46-cents a-share. That was better than forecasts. Revenues were right in line. Whole Foods says new digital and branding initiatives had helped attract shoppers. And a big miss for online retailer Zulily. Not only did the company fall short on the top and bottom lines in Q4. It warned about revenues for the current quarter and full year. Zulily has become one of the fastest-growing Internet retailers by selling everything from children’s clothes and toys to home goods at huge discounts that usually last three days.

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