Beat the street: Fed caution; Disney drag; Uber; Airbnb
US stock indices look set to open cautiously lower as traders await more clues on when the Federal Reserve will cut interest rates this year. Bond yields rebound. Uber’s Q2 gross bookings forecast disappoints.
Walt Disney's shares indicated lower after its results signalled TV and box office weakness. Airbnb reports after the close.
(AI Video Summary)
Disney shares indicate lower
In the latest episode of "Beat the street", Angeline Ong discusses cautious market openings due to trader anticipation of Federal Reserve's interest rate cut decisions. Disney's shares suffered due to underperformance in its TV and box office segments.
Fed monetary policy
The Dollar Index's movements reflect shifting expectations of Fed's monetary policy. Treasury bond auctions and oil prices are also focal points, with geopolitical tensions and production adjustments influencing oil market volatility. Additionally, she touches on potential Fed rate cuts amid economic signals.
Apple, Airbnb, Beyond Meat and Uber
Ong also mentions strategic market moves by major companies like Apple towards AI technology and Airbnb's marketing strategies aligned with events. Lastly, concerns about Beyond Meat's sales and broader oil demand forecasts were briefly mentioned. Uber's lower-than-expected Q2 growth forecasts negatively impacted its shares.
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