David Malpass, Walmart and Cisco Ride to Rescue: Taking Stock
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Stock futures popped last night after China said it’ll resume talks with the U.S. in late August after a breakdown two months ago, and they’ve held their gains ever since.
The metals are bouncing back, Walmart’s numbers look great on a first glance (shares screaming higher by more than 10% pre-market), as did Cisco last night (shares up almost 7%), all which should all help sentiment in three sectors that took a royal beating during Wednesday’s rout in tech, consumer discretionary, and materials.