Stock Market Update

16-Jul-24 15:35 ET

Tomorrow's economic lineup

Dow +728.56 at 40940.28, Nasdaq +19.47 at 18492.04, S&P +31.71 at 5662.93

[BRIEFING.COM] The Russell 2000 continues to add gain ahead of the close, trading 3.4% higher. The S&P 500 (+0.6%) and Dow Jones Industrial Average (+1.8%) are moving sideways near session highs.

Omnicom (OMC), J.B. Hunt Transport (JBHT), and others report earnings after today's close. Looking ahead, Elevance Health (ELV), Johnson & Johnson (JNJ), U.S. Bancorp (USB), ASML (ASML), Synchrony Financial (SYF), Ally Financial (ALLY), and others report earnings ahead of tomorrow's open.

Tomorrow's economic lineup features:

7:00 ET: Weekly MBA Mortgage Index (prior -0.2%)
8:30 ET: June Housing Starts (Briefing.com consensus 1.310 mln; prior 1.277 mln) and Building Permits (Briefing.com consensus 1.391 mln; prior 1.386 mln)
9:15 ET: June Industrial Production (Briefing.com consensus 0.3%; prior 0.9%) and Capacity Utilization (Briefing.com consensus 78.6%; prior 78.7%)
10:30 ET: Weekly crude oil inventories (prior -3.44 mln)