What are the most important market happenings right now?

What are the most important market happenings right now?

Stock futures saw slight gains this morning as the first week of second-quarter earnings reports neared a close.

Futures contracts tied to the Dow Jones Industrial Average increased 0.13%, while S&P 500 futures climbed 0.16%, and Nasdaq-100 futures rose 0.2%.

Bank of America, Boeing, and shares of airlines, casinos, and energy names performed well during the premarket.

This morning, investors will also receive the retail sales report for June. Despite a relatively positive week of corporate earnings reports, the market remained muted.

Some believe the extra-hot inflation report could be at least partly responsible for the reaction. 

“I’m not saying that this is a one-month phenomenon,” said Treasury Secretary Janet Yellen yesterday. “But I think over the medium term, we’ll see inflation decline back toward normal levels. But, of course, we have to keep a careful eye on it.”

What other key market moves should you be aware of right now?

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Author: Fredrick Frost

Fedrick Frost is the Editor-in-Chief of Morning Bullets. He mainly writes about Politics, The Economy and breaking news. With over 35 years in jounralism he has been influential in helping the morning bullets newsletter readers be informed every morning.