American Airlines GroupAmerican Airlines swung to a profit of $0.15 per share on revenues of $16.74 billion.
Rising hostilities in the Strait of Hormuz pushed oil prices sharply higher and sent U.S. stock futures tumbling, despite mostly strong second-quarter earnings reports. West Texas Intermediate crude rose 4% to over $91 per barrel and Brent crude gained 5% to nearly $100 per barrel, as Yemeni Houthis bombed Saudi oil tankers and the U.S. conducted repeated air strikes in Iran. The Dow fell 560 points, the S&P 500 dropped 83 points, the Nasdaq lost 450 points, and the Russell 2000 declined 27 points in pre-market trading. Weekly initial jobless claims fell to 187,000, well below the 212,000 expected, while continuing claims dipped to 1.796 million, the lowest since late May. Among earnings, American Airlines swung to a profit of $0.15 per share on revenues of $16.74 billion, T-Mobile US beat estimates by 25.7% with earnings of $3.13 per share, Blackstone topped expectations by 14.3% with $1.52 per share, and Lockheed Martin rose 5.5% after posting earnings of $7.94 per share and revenues of $20.06 billion, aided by geopolitical tensions.
American Airlines GroupAmerican Airlines swung to a profit of $0.15 per share on revenues of $16.74 billion.
Southwest Airlines Company
Blackstone Group IncBlackstone topped expectations by 14.3% with $1.52 per share.
Alphabet Inc Class C
Intel Corporation
Texas Instruments Incorporated
Lockheed Martin CorporationLockheed Martin rose 5.5% aided by geopolitical tensions from Strait of Hormuz hostilities.
T-Mobile US IncT-Mobile US beat estimates by 25.7% with earnings of $3.13 per share.