Bank of America, Goldman, Boeing, and More Stock Market Movers

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Traders working at the New York Stock Exchange (photo courtesy of NYSE)

Stock futures indicated Wall Street would open higher Monday, continuing their momentum from a rally at the end of last week as investors set aside concerns over historically high inflation and pared bets on how aggressive the Federal Reserve will be in its effort to tame rising prices.

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Second-quarter earnings season continues this week, with roughly 70 companies in the S&P 500 scheduled to report.

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These stocks are making moves in premarket trading.

Bank of America (BAC) reported second-quarter earnings of 73 cents a share, 2 cents below analysts’ estimates. The stock fell 0.2% to $32.20.

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Goldman Sachs (GS) earned $7.73 in the second quarter vs. estimates of $6.56 a share. Shares were up 2.4%.

Boeing (BA) rose 4.1% after Delta Air Lines (DAL) said it was ordering 100 of Boeing’s 737-10 jets.

Google parent Alphabet (GOOGL) was rising 1.8% to $113.75. The stock will begin trading Monday at a split-adjusted price following its completion of a 20-for-1 stock split on Friday.

Cryptocurrency-related stocks were rising after Bitcoin gained more than 4% over the past 24 hours to trade above $22,200. Coinbase (COIN) rose 6.4%, Marathon Digital (MARA) jumped 6.5%, and MicroStrategy (MSTR) gained 6.5%.

Shares of International Business Machines (IBM) were xx in premarket trading. The tech giant reports second-quarter earnings after the close of trading Monday.

Write to Joe Woelfel at [email protected]


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