| What to watch today: Stocks look steady as Wall Street tries to restart rally | | |  | WED, JUL 07, 2021 | | | | AS OF WED, JUL 07, 2021 • 09:12 ET | | Dow Jones Fut | | 34,577.37 | | Current: | 34,424.00 | | Change: | -36.00 | | Impl. Open: | -35.37 | | | S&P 500 Fut | | 4,343.54 | | Current: | 4,339.50 | | Change: | 5.50 | | Impl. Open: | 4.96 | | | NASDAQ 100 Fut | | 14,786.36 | | Current: | 14,867.00 | | Change: | 91.50 | | Impl. Open: | 88.64 | | | Russell 2000 Mini | | 2,274.50 | | Current: | 2,264.60 | | Change: | -5.30 | | Impl. Open: | -5.90 | | | U.S. stock futures were relatively flat Wednesday, one day after the Nasdaq logged another record high close while the S&P 500 broke a seven-session winning streak. The Dow, which like the S&P 500, closed at a record Friday, started the holiday-shortened week by snapping a four-session winning streak. (CNBC) | | | | U.S. oil prices rose Wednesday after Tuesday's surge to six-year highs turned into the worst session since May. OPEC and its oil-producing allies threw uncertainty into the market when they indefinitely postponed talks on output policy. (CNBC) | | | | Mortgage demand declined for the second straight week as low inventory and high home prices continued to weigh on the hot housing market. Mortgage applications decreased 1.8% last week, falling to the lowest level since the beginning of 2020, before the coronavirus pandemic started to take a toll on the economy. (CNBC) | | Haitian President Jovenel Moise was assassinated in an attack on his private residence early Wednesday, according to a statement from the country's interim prime minister, who called the killing a "hateful, inhumane and barbaric act." First Lady Martine Moise was shot in the overnight attack and hospitalized. (AP) | | | Shares of Chinese ride-hailing giant Didi (DIDI) dropped another 4% in Wednesday's premarket as the company's main app was removed from Tencent's WeChat messaging service and Ant Group's Alipay for new users. Didi plunged 19.6% Tuesday, after China announced a cybersecurity review of the company. Didi went public on the NYSE exactly one week ago. (CNBC)
* China s war on bitcoin just hit a new level with its latest crypto crackdown (CNBC) | | | | President Joe Biden is turning his focus to pitching his proposed investments in families and education. He's set to use a visit Wednesday to a community college in Illinois to highlight how his spending on "human infrastructure" would boost the economy. (AP) | | | | Brooklyn Borough President Eric Adams has won the Democratic primary for mayor of New York City after appealing to the political center and promising to strike the right balance between fighting crime and ending racial injustice in policing. A former police captain, Adams would be the city's second Black mayor if elected. (AP) | | Devon Energy (DVN), Occidental Petroleum (OXY): Energy stocks were set to gain as oil prices rose. Devon Energy advanced 3% in premarket trading, while Occidental Petroleum climbed 1.7%. U.S. West Texas Intermediate gained $1.23, or 1.7%, to trade at $74.60 per barrel, having declined by more than 2% in the previous session on uncertainty about OPEC+ supply policy. | | | | JPMorgan (JPM), Goldman Sachs (GS): Bank stocks were set to extend their sell-off as long-term bond yields fell further. The 10-year Treasury yield dipped below 1.35%, its lowest level since February. The 30-year Treasury yield fell a similar magnitude to 1.94% on Wednesday. | | | | Whirlpool (WHR): The home appliance stock edged up about 1% after JPMorgan named the company a top pick, saying that the rest of Wall Street was too negative about the company. JPMorgan's price target of $278 represents a 28% upside for Whirlpool stock. | | |
Tidak ada komentar:
Posting Komentar