Internet outage takes down major websites

Your Daily Rundown

The Dow Jones Industrial Average finished up 25 points, or 0.07%, to 34,823, the S&P 500 gained 0.2% and the Nasdaq ended up 0.37%.

AT&T posted stronger-than-expected second-quarter earnings and boosted its full-year revenue guidance as it continues to build its HBO Max subscriber base while reducing churn rates in its wireless division.

Railroad company Union Pacific rose after posting record second-quarter earnings. 

Bitcoin rose to above $32,000, led higher by positive comments about the world’s largest cryptocurrency from Elon Musk, Jack Dorsey and Cathie Wood.

Drugmaker Biogen Inc gained 1.1% after hiking its full-year revenue guidance, while Domino’s Pizza Inc surged 14.6% to an all-time high on the heels of its quarterly report.

Southwest Airlines Co posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc dipped 1.1% even after reporting a quarterly profit.

Chipmaker Intel Corp slipped more than 1% in extended trading after the chipmaker posted results and raised its annual revenue forecast.

The number of Americans filing for first-time unemployment benefits rose last week to 419,000, up 51,000 from the week earlier and higher than economists’ forecasts.

The yield on the benchmark 10-year Treasury fell Thursday to 1.26%. Yields dropped below 1.2% earlier this week as traders pared bets on any near-term moves on interest rates from the Federal Reserve.

Yesterday’s Market Scorecard

NASDAQ (COMP) 14,684.60

S&P 500 (SPX) 4,367.48



Dow Jones (DJIA) 34,823.35

Russell 2000 (RUT) 2,199.48



The News Desk



Internet Outage Took Down Several Major Websites 


Several major websites briefly went down Thursday in a widespread outage linked to content distribution network Akamai.


Among them: Delta Air Lines, British Airways, Capital One, Go Daddy, Vanguard, UPS, LastPass, AT&T and Costco were among the websites loading slowly or showing “DNS failure” Thursday afternoon.


Akamai said it fixed the issue, and the affected websites were back online by early afternoon.


What would we all do without the internet?




The Saudi Prince of Oil Prices Vows to Drill ‘Every Last Molecule’

Abdulaziz bin Salman, the most powerful man in petroleum believes his destiny is to ensure that the last barrel of oil on the face of the Earth comes from a Saudi well. 


As he said in June during a private event organized by Bank of America Corp., according to a person familiar with the meeting, “We are still going to be the last man standing, and every molecule of hydrocarbon will come out.”


You can’t just leave a BIT of oil for the rest of the world?




FBI Ignored Tips On Brett Kavanaugh

Seven Democratic senators on Thursday said that newly released materials show the FBI failed to fully investigate sexual misconduct allegations against U.S. Supreme Court Justice Brett Kavanaugh when he was nominated to the court in 2018.


The senators, including Sheldon Whitehouse and Chris Coons, said a letter they received from the FBI last month shows the agency gathered over 4,500 tips relating to Kavanaugh without any apparent further action by investigators.


Kavanaugh fought back against the accusations, denying them in angry and tearful testimony before the Senate Judiciary Committee that was viewed live on television by around 20 million people.


He received more accusations than Bill Cosby, but let’s ignore that!

Upcoming Events on the Economic Calendar

And now a brief and well-organized look at the trading week ahead:

Friday, July 23rd: Markit Manufacturing PMI (9:45 AM ET)

Earnings Calendar

Trading Quote of The Day

“I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.” – Jim Rogers


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Your Daily Rundown The Dow Jones Industrial Average rose 0.92% to end at 34,314.67 points, while the S&P 500 gained 1.05% to 4,345.73. The Nasdaq

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