The stock market starts Thursday with no negative economic news and many positive earnings announcements. General Electric Aerospace reported earnings of $1.66 per share, topping projections of $1.40. Travelers' profits reached $6.51 per share, nearly double analysts' expectations of $3.60. Cintas also beat forecasts with earnings of $1.09 per share. The Vanguard S&P 500 ETF was up 0.2% premarket, reflecting a potentially quiet trading day amidst favorable financial reports and no inflation news.
Insurer Travelers reported $6.51 per share in Q2 profit, nearly twice the $3.60 analysts had forecast, demonstrating strong earnings amidst a mild stock market opening.
General Electric Aerospace reported a substantial earnings beat of $1.66 for Q2, exceeding the expected $1.40 per share, indicating robust performance in the industrials sector.
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