Bulletin
Investor Alert

Market Pulse Archives

July 28, 2020, 9:10 a.m. EDT

Dow's earnings reporters shaving a net 37 points off the index's price

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Industrial Average (DJIA)
  • X
    Pfizer Inc. (PFE)
  • X
    Raytheon Technologies Corp. (RTX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Earnings reporters are acting weighing on the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.88% Tuesday, as the net effect of the premarket stock declines is to shave about 37 points off the index's price. Four Dow components reported second-quarter results before Tuesday's open, with Pfizer Inc.'s stock /zigman2/quotes/202877789/composite PFE -0.52% rising 2.7% to pace the Dow's gainers, followed by the 1.5% rally in Raytheon Technologies Corp. /zigman2/quotes/203237915/composite RTX -0.73% shares, after both companies beat profit and sales expectations. The combined implied price gains would add about 13 points to the Dow's price, while Dow futures /zigman2/quotes/210407078/delayed YM00 +0.01% sank 103 points, or 0.4%. Meanwhile, shares of 3M Co. /zigman2/quotes/205029460/composite MMM -1.64% dropped 2.6% to pace the Dow's early losers and McDonald's Corp. /zigman2/quotes/203508018/composite MCD -1.04% was next with a 1.5% decline, after both companies reported earnings misses. The combined implied price decline would shave about 50 points off the Dow's price.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,657.42
-244.56 -0.88%
Volume: 703.89M
Sept. 18, 2020 5:15p
loading...
/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 36.63
-0.19 -0.52%
Volume: 30.07M
Sept. 18, 2020 4:05p
P/E Ratio
14.57
Dividend Yield
4.15%
Market Cap
$203.55 billion
Rev. per Employee
$580,595
loading...
/zigman2/quotes/203237915/composite
US : U.S.: NYSE
$ 62.35
-0.46 -0.73%
Volume: 16.81M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
3.05%
Market Cap
$95.25 billion
Rev. per Employee
$277,021
loading...
/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 27,605.00
+3.00 +0.01%
Volume: 214,161
Sept. 18, 2020 3:59p
loading...
/zigman2/quotes/205029460/composite
US : U.S.: NYSE
$ 169.55
-2.83 -1.64%
Volume: 4.08M
Sept. 18, 2020 4:04p
P/E Ratio
19.22
Dividend Yield
3.47%
Market Cap
$97.66 billion
Rev. per Employee
$350,368
loading...
/zigman2/quotes/203508018/composite
US : U.S.: NYSE
$ 220.27
-2.31 -1.04%
Volume: 3.86M
Sept. 18, 2020 4:00p
P/E Ratio
34.93
Dividend Yield
2.27%
Market Cap
$163.90 billion
Rev. per Employee
$100,120
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.