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BLOOMBERG Bloomberg Markets July 19, 2016

Pullback, but it feels like a mixed market because the dow has been flirting with gains, and right now it is a four point. It is not all red for the major averages, though the dow has trended lower for parts of the day. A sideways move here. We have volume lower as well. Why is the dow doing better less like the big movers. Mcdonalds is rising after mcdonalds japan started selling poking and toys. Johnson johnson is out with earnings that beat estimates, and the Company Raised its forecast for fouryear earnings as well. Trading higher making predictions about demand in india. Those shares are gaining. This gain in the dow notwithstanding, the s p 500 and the nasdaq are not holding up well. Lets look at the movers there. Netflix has been trading lower all session long after subscriber targets missed estimates. Microsoft reports after the bell. It has been lower all day in advance of that. Phillip morris coming out with numbers that missed estimates as well, being under pressure from the

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