As widely expected, the European Central Bank made no changes to its asset-buying program or to interest rates at a meeting Thursday.
Which companies are in focus?
Twitter Inc. /zigman2/quotes/203180645/composite TWTR +2.03% shares fell 1.1%. Accounts belonging to top U.S. executives, lawmakers and celebrities were compromised Wednesday afternoon in what appeared to be an attempt to siphon bitcoin from social-media followers. Twitter said it believed the incident was “a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools.”
Charles Schwab Corp. on Thursday reported profits that beat expectations but revenue that missed. Shares fell 2.1%.
Bank of America Corp. shares declined 2.7% after the bank delivered results that topped Wall Street expectations.
Shares of Morgan Stanley rose 2.5% after its results.
Domino’s Pizza Inc. /zigman2/quotes/201587798/composite DPZ +0.64% shares fell 1.5% even after the pizza chain reported quarterly results that trounced analyst expectations. U.S. same-store sales grew 16.1%, management said.
Shares of Johnson & Johnson rose 0.7% after the drug and consumer health products company reported second-quarter profit and sales that beat expectations, and raised its full-year outlook. The company expects the Phase 1 trial for its COVID-19 vaccine candidate to begin next week, its CFO told CNBC.
Abbot Laboratories /zigman2/quotes/203724446/composite ABT +0.19% shares edged 0.3% lower even after the company reported revenue and profit that beat analyst expectations, and offered rosy guidance for the coming year.
What are other markets doing?
The Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +2.07% fell 4.5% for its biggest one-day loss since Feb. 3, according to Dow Jones Market Data, while the CSI 300 Index /zigman2/quotes/210598128/delayed XX:000300 +2.25% dropped 4.8%. Japan’s Nikkei 225 Index /zigman2/quotes/210597971/delayed JP:NIK +0.18% fell 0.8%, while the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.47% in Hong Kong lost 2%.
The yield on the 10-year Treasury note /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y 0.00% was off about 1.2 basis points at 0.618% as investors pivoted away from riskier assets. Bond yields and prices move in opposite directions.
The ICE U.S. Dollar Index /zigman2/quotes/210598269/delayed DXY +0.01% , a measure of the U.S. currency against a basket of six major rivals, rose 0.3%.
Oil futures /zigman2/quotes/211629951/delayed CL.1 -0.46% were under pressure, ending lower as investors reconsidered the durability of the budding economic expansion. Meanwhile, gold /zigman2/quotes/210034565/delayed GC00 -0.25% also pulled back.