Morning Market Update 1/21/20 - Union Pacific (NYSE:UNP), Goldman Sachs (NYSE:GS)

U.S. stock futures are trading mixed Thursday as the latest round of earnings provided investors with an upbeat perspective on the economy. The Labor Department reported that weekly jobless claims rose 36,000 to 482,000 last week. Economists had expected a drop to 440,000. Continuing claims dropped 18,000 to 4,559,000. In corporate news, Freeport-McMoRan (NYSE:FCX) posted fourth quarter results of $2.15 versus estimates of $1.67, on revenues of $4.61 billion, which topped estimates of $4.19 billion. Goldman Sachs (NYSE:GS) posted fourth quarter interims of $8.20, blowing away estimates of $5.20, on revenues of $9.615 billion, slightly below estimates of $9.71 billion. Union Pacific (NYSE:UNP) reported fourth quarter results of $1.08, four cents higher than projected, on revenues of $3.8 billion versus estimates of $3.78 billion. The Dow Jones Industrial Average (DJI) futures are trading 6.00 points lower, the S&P500 (INX) futures are up 1.20 points, and the Nasdaq Composite (IXIC) futures are up 3.25 points.

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News & Politics

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• Goldman Sachs (NYSE:GS)
• Freeport-McMoRan (NYSE:FCX)