Jul 22, 2021
The earnings-driven rebound continued on Wednesday with all of the major indices moving up more than 0.5%. The Blue Chip Dow Jones Industrial Average led the day on strength in shares of Coca-Cola. The global beverage giant reported better than expected earnings and guided the market higher driving to stock up more than 3% at the high of the day.
Thursday's action may see a continuation of this trend due to reports released after the bell on Wednesday and before the open on Thursday. Among them is consumer products giant Whirlpool who is expected to report robust year-over-year gains and another increase to an already ballooning backlog. The risk for Whirlpool, and the market, is that systemic shortages of raw materials and shipping capacity may cut into the top and bottom-line results.