Don’s Notebook July 10, 2018


The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) tracks monthly change in job openings and offers rates on hiring and quits. The JOLTS report is expected to show a 6.700 million total in June, little changed from May’s record 6.698 million.

The second-quarter earnings season is underway and the first big name has published results. PepsiCo (PEP) reported second-quarter earnings of $1.61 per share, 9 cents above estimates. Revenue came in at $16.09 billion. That figure is higher than the $16.04 billion expected on Wall Street

  • WD-40 AAR and Simply Good Foods are the notable companies set to release earnings reports

Overnight, the MSCI Asia Pacific Index slipped 0.1 percent, while Japan’s Topix index closed 0.3 percent higher as the yen weakened 0.3 percent. China’s Shanghai Composite Index climbed 0.4 percent. In Europe, the Stoxx 600 Index added 0.2 percent as of 5:40 a.m., and the euro retreated.

The major averages have been higher for six of the past seven sessions.

  • Futures were higher this morning after yesterday’s rally that saw the Dow’s biggest one-day jump since June 6 and a close for the S&P 500 that was the highest in nearly a month.
  • S&P 500 futures pointed to a higher open.
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