This previous week, third quarter earnings came in from Intel, Microsoft, Yahoo, Amazon, McDonalds, and Google (Alphabet)..
Intel, Microsoft, Amazon, McDonalds, and Google all saw increases in their stock prices for the week. Yahoo missed their earnings estimates for the third quarter.
Western Digital made news this week with the announcement that the company was purchasing Sandisk in a deal valued at $19 billion.
In government news, the U.S. Treasury placed the a hold on the auction of new treasury due to the debt ceiling expected to be met within the next two weeks. It appears that Congress at the moment appears to be able to come to an agreement to raise the debt ceiling.
The companies announcing this week’s third quarter earnings report are Apple (AAPL), Pfizer (PFE), Alibaba (BABA), Comcast (CMCSA), Merck (MRK), Bristol-Myers Squibb (BMY), Ford Motor (F), Panera Bread (PNRA), Walgreens Boots Alliance (WBA), PayPal (PYPL), Fiat Chrysler Automobiles (FCAU), Starbucks (SBUX), Baidu (BIDU), Time Warner Cable (TWC), Exxon Mobil (XOM), Anheuser-Busch InBev (BUD), and CVS Health (CVS).