- S&P futures, +0.3%, are indicating a higher open in the absence of any nasty surprises from this morning's major earnings reports.
- Twitter is gaining premarket on user growth, while AT&T is edging higher after a profit beat. American Airlines and Southwest are also climbing following beats on the top and bottom lines.
- Traders are still digesting the high-profile Q2 results of Tesla (fourth-straight quarter of profitability) and Microsoft (decelerating cloud sales growth) before the next round of earnings make headlines.
- Meanwhile, Senate Republicans have "reached a fundamental agreement" with White House negotiators Steven Mnuchin and Mark Meadows on how to move forward with the next coronavirus relief bill.
- Weekly jobless claims are also on the radar. Another 1.3M American workers are expected to have filed for first-time benefits during the week ended July 18, bringing that total to 52.58M since coronavirus lockdowns began in mid-March.
- In commodities, silver (XAGUSD:CUR) looks to be finally taking a break from its breathless rally, with spot priced -0.2%.
