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What to watch today: Dow set to drop after jobless claims, earnings

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Dow futures drop Thursday after another avalanche of weekly jobless claims and a crush of earnings.

, with quarterly profit of 88 cents per share. The chip maker's revenue beat consensus as well. Its current-quarter revenue forecast is in line with Street expectations, as the company signs more contracts for production of 5G phones which use more expensive chips. reported quarterly earnings of 77 cents per share, 5 cents a share above estimates. The online marketplace operator's revenue topped estimates as well.

The company said its marketplace business has been helped by worldwide shelter-in-place orders, and it gave stronger-than-expected guidance for full-year earnings and revenue. earned $1.05 per share for its latest quarter, 10 cents a share above estimates. The enterprise cloud computing company's revenue was also above forecasts, however it anticipates the most significant challenges stemming from the coronavirus outbreak to occur during the second and third quarters.

 

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Try profit taking morons at CNBC

This smoke and mirror show on Wall Street needs to end.

Open back... so we can work

No worry... they will bump it up again. Like a big baloon....

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