President Joe Biden’s administration announced Wednesday that the United States will send 31 M1A1 Abrams tanks to Ukraine to aid the country in its fight against Russia. This announcement comes after the U.S. hesitated for weeks to send tanks to Ukraine, which is gearing up to defend against another Russian advancement.
U.S. stocks look set to start Wednesday’s session on the back foot as traders digest mixed earnings news flow and continued pouring in of weak economic data points.
Cues From Tuesday’s Trading:
Netflix, Inc. (NASDAQ: NFLX) shares jumped nearly 8.5% on Friday before settling at their highest level since April 19, 2022, when shares plunged after the company reported its first loss in net paid subscriber adds in a decade.
Credit Suisse expected General Dynamics Corp (NYSE: GD) to report fourth-quarter FY22 slightly ahead, with upside potential driven by G650 delivery strength and repurchases, when the aerospace and defense giant reports its earnings next week on Jan. 25.
General Dynamics Electric Boat announced today the U.S. Navy has awarded a $5.1-billion modification of the previously awarded Columbia Integrated Product and Process Development Contract for