Averages mixed as tech giants lift Nasdaq, oil majors drag on Dow
2016-07-29 09:47:44
Stock futures were mixed during the pre-market trading session, as the Nasdaq strength continued due to better than expected earnings last night from Google-parent Alphabet (GOOG) and Amazon (AMZN). However, those reports are being offset by this mornings worse than expected results posted by Exxon (XOM) and Chevron (CVX). The Q2 GDP report was disappointing as well and oil remains under pressure, falling into bear market territory as it drops below $41 per barrel. In early trading, the Dow is down 40 points, the Nasdaq is up 5 points and the S&P is down 2 points.