Market reaction to Microsoft isn’t making me jump up and down ahead of Facebook, Amazon earnings next week

Market reaction to Microsoft isn’t making me jump up and down ahead of Facebook, Amazon earnings next week

In my Saturday Night Quarterback post last weekend, I said that I was looking for Microsoft’s (MSFT) earnings, reported after the close yesterday, July 20, for clues on how the U.S. stock market would react to earnings reports from Alphabet (GOOG) on July 24, Facebook (FB) on July 26, and Amazon (AMZN) on July 27.

Oil continues to rally but oil stocks run out of fuel and tech stocks drag down S&P

After yesterday’s surprise agreement to cut production from OPEC, oil prices have continued to climb–West Texas Intermediate was up 3.07% to $50.96 as of 3:15 p.m. New York time this afternoon–but oil producer stocks have stalled with such leaders from yesterday as Pioneer Natural Resources (PXD) down 0.84%, Parsley Energy off 1%, and RSP Permian (RSPP) lower by 1.46%.