Category: Economy & Investments

Here are the top market happenings to know this morning

Futures tied to the Dow Jones Industrial Average gained 150 points this morning, after falling almost 100 points, yesterday. Investors have been particularly concerned about the Delta variant of the virus, which has been gaining traction at a frightening speed. On Friday, the weekly average neared 72,800 new daily cases, a high not seen even last summer.

On Monday, that number creeped higher, to 85,459 new cases.

Meanwhile, Clorox reported a forecast that fell short of what Wall Street expected, and shares of the cleaning company plummeted 9% during the premarket.

What else do investors have their eye on this morning?

Here are the top market happenings to know this morning

Today marks the first trading day of August, and futures indicate that investors will see a positive start to the month. Markets this week likely be impacted by a suite of jobs reports, which will be released beginning Wednesday.

To start, ADP will share its look at private-sector jobs created in July. On Thursday, the government will report its latest look at unemployment claims, and on Friday it will release its jobs report for the previous month.

Additionally, a slew of S&P 500 companies are set to report their quarterly earnings this week, and investors will be monitoring those reports for signs of wage inflations.

Meanwhile, in Washington, senators met this weekend to finish writing their $550 billion infrastructure bill, which will soon be introduced in the chamber.

And Jack Dorsey’s company, Square, is set to buy Afterpay, after announcing a $29 billion deal yesterday evening.

What other headlines should you be aware of this morning?

What are the top highlights in the market this morning?

Today marks the final trading day of the month, and futures were indicating that Wall Street would open lower. That said, all three major averages were slated to log gains for July as a whole.

Investors are now digesting the Federal Reserve’s darling inflation gauge, which reflects the latest look at core personal consumption expenditures.

Meanwhile, companies like Chevron and Procter & Gamble reported better-than-expected earnings and saw their shares increase 1.5% and 1% in the premarket, respectively.

Amazon, on the other hand, warned that it expected its growth to stall some in the third quarter.

And the CDC is slated to release data today that attempts to explain its latest rule reversal on masks.

What else should you have on your radar this morning?

Why House Speaker Nancy Pelosi is the real “Wolf of Washington”

You know her as the Speaker of the U.S. House of Representatives. As much as you and I might resent that fact, Nancy Pelosi does have a thing or two she can teach us about trading.

You see, Pelosi happens to be a “master of the markets,” if you will. She and her husband are earning millions with stock options. And while it’s not news that politicians make tons of money in the market, what is interesting is her unique trading strategy.

And now, you can check it out for yourself, learning more about her recent trades in this master class.

What are the top highlights in the market this morning?

Investors continued to digest the commentary that Federal Reserve Chairman Jerome Powell offered yesterday after the central bank closed its two-day meeting. Because of that, futures were a mixed bag this morning, with the Dow Jones Industrial Average climbing more than 140 points, while Nasdaq 100 futures dipped slightly, and the S&P 500 remained flat.

Shares of Facebook and Paypal fell in the premarket because of predictions that growth would stall out over the coming months. On the other hand, Ford’s sunnier forecast meant shares increased in the premarket.

“The market is understanding we are having a blowout quarter here compared to a year ago,” said one strategist. “What’s much more important this season is the guidance we’re getting on quarters ahead, as the economy settles out into what might be the new normal.”

What did Powell say about the economy in his press conference yesterday, and how is that swaying the market, exactly?

What are the top highlights in the market this morning?

Futures were muted this morning as investors await the Federal Reserve’s updated policy statement, out today at 2 p.m., followed by Chairman Jerome Powell’s commentary at 2:30 p.m.

Big Tech companies are continuing to report better-than-expected earnings, meanwhile, with Apple falling during premarket trading. Shares of Microsoft and Alphabet, however, rose during the premarket.

McDonald’s also boasted blow-out earnings today, though shares fell slightly this morning.

Pfizer announced $7.8 billion in vaccine shot sales in the second quarter alone, though shares of the drug company dipped about 1% during the premarket. The vaccine sales forecast for 2021 was increased to $33.5 billion as officials weigh whether yet another jab will be necessary.

Meanwhile, President Joe Biden is determining whether or not federal workers would be required to either get the shot or endure regular virus screenings.

What else is going on in the market this morning?

What are the top highlights in the market this morning?

As investors await quarterly earnings reports from megacap tech companies, futures on the Dow Jones Industrial Average dipped 70 points. The S&P 500 futures fell 0.1%, while Nasdaq 100 futures were muted.

Tesla reported earnings that topped expectations, earning more than $1 billion in net income in a quarter. Shares increased more than 2% during the premarket.

Today, investors will hear from the likes of JetBlue, UPS, General Electric, and Starbucks. After the bell, big tech names like Alphabet, Microsoft, and Apple will share their latest economic data.

“It appears that we’re going to get really solid earnings from these companies and that should give a little bit of a boost to the market. Some of these names have already run so much this year that perhaps we don’t get a large bounce,” one strategist said. “Apple may be your best opportunity to see some movement because they’ve been in more of a consolidation phase over the last few months.”

Investors are also waiting for news from the Federal Reserve regarding updated monetary policy.

What are the top market headlines to know this morning?

This morning, futures contracts tied to the Dow Jones Industrial Average dipped approximately 150 points, after a record-high closing on Friday. The S&P 500 and the Nasdaq also logged gains on Friday.

Investors are looking ahead to the Federal Reserve’s July meeting, which begins tomorrow and extends through Tuesday.

Meanwhile, the world’s largest digital currency briefly neared $40,000 before settling just below $39,000 — a number not seen since mid-June. Investors expect that the coin’s volatile ride in recent months may impact Tesla’s earnings report, as the electric vehicle maker owns quite a bit of the currency.

The delta variant of the virus is continuing to infect Americans, with cases mounting in all states.

And, lawmakers are hoping to reach a bipartisan agreement on infrastructure as early as today.

What else do we know about this right now?

Why this top executive believes work flexibility is “here to stay”

According to a top executive who sits on the board of three major companies, work flexibility is not going anywhere anytime soon. That’s largely because officials want to see how the delta virus variant plays out as it takes hold in this country.

“Companies are watching the data very carefully,” said Shellye Archambeau, who is a director at Verizon, Nordstrom, and Roper Technologies. “What I’m seeing is they’re trying to remain flexible, creating the optionality for employees to come back to work but still watching the numbers and how the rates are going.”

Executives are also grappling with how to handle their unvaccinated employees. Archambeau says that peer pressure could ultimately force some workers to get the jab.

“I think as time goes through, companies are absolutely strongly encouraging employees to be vaccinated. The way in which they’ll be able to work, the kinds of roles they’ll be able to play, I think, in time will be affected by whether they’re vaccinated or not. … People will want to be vaccinated in order to actually do well within the company.”

How are companies navigating these challenges and uncertainties so far?

What are the most important market happenings right now?

The stock market was poised to end the week on a positive note this morning, with each of the three major benchmarks tracking for gains. Futures contracts tied to the Dow Jones Industrial Average soared 150 points.

American Express and Honeywell International both reported quarterly earnings that exceeded estimates, and shares increased in the premarket as a result. In the big tech realm, Snap and Twitter also reported growth.

Meanwhile, the director of the Centers for Disease Control and Prevention just reported that the delta variant of the virus is one of the most contagious respiratory infections ever.

And the Tokyo Olympics are officially beginning today, with officials on the International Olympic Committee saying that they have done all they can to prevent the spread of the virus.

What else should you know before you begin your Friday?

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