By Clive McKeef
Which stocks are in focus?
Boeing Co .’s stock /zigman2/quotes/208579720/composite BA +0.49% was in focus after the aeronautics and defense contractor said it would take a $4.9 billion second-quarter charge related to its 737 Max groundings.
BlackRock Inc . /zigman2/quotes/207946232/composite BLK +0.09% reported second-quarter earnings and revenue that fell below expectations, as the investment management and advisory company said it had lower base fees as a result of lower securities and lending revenue and lower performance fees.
Shares of American Express Co . /zigman2/quotes/203805826/composite AXP +0.02% fell after the payment-processing company reported second-quarter earnings and revenue that slightly surpassed expectations. The stock has rallied 33.2% year-to-date.
Shares of Schlumberger NV /zigman2/quotes/201012972/composite SLB +0.49% fell after the oil services company reported second-quarter revenue that beat expectations and revenue that was in line and announced that CEO Paal Kibsgaard will retire and step down as chairman of the board.
How are other markets trading?
The yield on the 10-year U.S. Treasury /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y -0.38% was little changed around 2.04%.
In commodities markets, the price of U.S. crude oil ended higher following Iran’s seizure of a U.K. tanker, but suffered a steep weekly loss.
Gold futures lost steam on Friday, ending lower for the session as the dollar strengthened but gained for the week after logging their first intraday climb above $1,450 an ounce in six years.
The U.S. dollar index /zigman2/quotes/210598269/delayed DXY +0.27% , meanwhile, was slightly firmer around 97.15.
In Asia overnight Thursday, stocks closed mostly higher, with the China CSI 300 /zigman2/quotes/210598128/delayed XX:000300 -1.02% rising 1.5%, Japan’s Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK +0.32% jumping 2%, while Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.48% added 1.1%. In Europe, stocks were slightly higher, with the Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.44% up 0.2%.