July 30 Premarket Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Wednesday, July 30:
1. -- U.S. stock futures were bounding upward on Wednesday morning, as investors set up for another big earnings day.
European stocks were steady, as Barclays
2. -- The economic calendar in the U.S. on Wednesday is busy, with a deluge of company earnings reports, as well as the conclusion of the two-day Federal Open Market Committee meeting. The Fed's announcement falls on the same day as second-quarter GDP figures are announced.
3. -- U.S. stocks on Tuesday were dragged down by concerns over sanctions against Russia for its role in the Ukrainian conflict, and on uncertainty over the Fed meeting which concludes today.
The Dow Jones Industrial Average
Twitter earned a non-GAAP 2 cents per share on $312 million in revenue. Analysts expected the company to lose 1 cent a share on $283 million in revenue. The company also boasted of 271 million monthly active users, up 24% year-over-year.
Shares popped nearly 26% in premarket trading to $48.72 after a close Tuesday at $38.59.
5. -- The federal National Labor Relations Board said that McDonald's
The McDonald's ruling could have larger implications, since it suggests that companies that use subcontractors may not escape liability for actions done by those contractors.
McDonald's said it would contest the ruling. Shares were up 0.15% to $95.96 in premarket trading.
6. -- Amazon
Amazon stock was down 0.61% in premarket trading, to $318.04.