Argus Research

Market Update: AAPL, ECL, ODFL, OMC, SBUX, SHW, SIVB, WM, AGNC

Stocks were mixed on Wednesday morning as investors weighed earnings reports from Alphabet, Apple, and Microsoft, and awaited the Fed’s policy statement and comments from Fed Chair Jerome Powell this afternoon. Investors will be closely scrutinizing Mr. Powell’s comments regarding the state of the economy, the impact of the Delta variant, and the timing of any reduction in the central bank’s bond buying program. The Dow fell 0.1%, the S&P rose 0.1%, and the Nasdaq rose 0.7%. Crude oil traded near $72 per barrel, while gold fell $3 to $1797 per ounce.

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