Market Movers, August.16

“Fed’s Bullard says only a ‘sustained’ bond inversion would be a bearish signal”, CNBC reports

7:13am, Dow futures 25,818, up 243 points, volume 51,364  

“Deere earnings fall short as company says farmers are delaying purchases because of the trade war”, CNBC

Dalio says China could weaponize treasuries, CNBC

7:46am, NVDA is up 5.9% on 139,449 shares after beating estimates. Click the image for the full report

XBIO up 36% in the premarket after reporting 2nd quarter earnings results

“Seadrill joint venture in $656M Qatar rig contract”, thefly.com reports
Up 12% on 114,939 shares as of 8:01am

Reuters front page archived https://web.archive.org/web/20190816120350/https://www.reuters.com/

8:10am, Qudian Inc up 4% on 270,744 shares after reporting Q2 earnings

8:15am, GE up 4% on 2,256,544 shares after experiencing the largest intraday selloff in 11 years

Not much activity today

KBE bank ETF down 20% from it’s highs, falling into a bear market, Read more

“US consumer sentiment falls to 92.1 in August, vs. 97 estimate”, CNBC

“GE rebounds after CEO share purchases, Wall Street analysts come to company’s defense”, CNBC

“Trump reportedly held call with major bank CEOs on Wednesday as the stock market plunged”, CNBC

“Apollo Jumps Into Impact Investing With Plan to Raise $1 Billion”, Bloomberg

“Germany Ready to Raise Debt If Recession Hits, Spiegel Reports”. Bloomberg

4:05pm, Dow closes up 300 points after the yield curve widens

Stay tuned for updates!

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