Everything You Need To Know
Market Update
US futures fall as the Wall Street selloff continues. US GDP increased 4% slightly lower than 4.3% estimates. US jobless claims were lower than expected which is a good sign for the job market.
International Markets
European and Asian markets are down as they follow the Wall Street selloff.
Commodities
Gold and silver are down as investors flock to the dollar for safety. Oil is down as demand fears resurface.
Crypto
Bitcoin is relatively flat trading around $31,359.
Interesting News
Apple had its first ever $100b quarter posting $111b in sales. Book club startup Literati raised $40b in a series b round hoping to to push consumers to read books that famous people recommend.
Biggest After Market Movers
AAL is up 40% after posting a better than expected quarterly loss. GME is up 30% as the battle between the short sellers and retail traders continue. Comcast (CMCSA) is up 3.7% after beating earnings estimates. Tesla (TSLA) is down 4% after missing on earnings but beating revenue estimates.
Chart of the Day
BLL Breakdown (Charts by TradingView)
