| What to watch today: Dow futures rise after July jobs report tops expectations | | |  | FRI, AUG 06, 2021 | | | | AS OF FRI, AUG 06, 2021 • 08:53 ET | | Dow Jones Fut | | 35,064.25 | | Current: | 35,005.00 | | Change: | 62.00 | | Impl. Open: | 50.75 | | | S&P 500 Fut | | 4,429.10 | | Current: | 4,419.50 | | Change: | -2.00 | | Impl. Open: | -2.60 | | | NASDAQ 100 Fut | | 15,181.64 | | Current: | 15,095.00 | | Change: | -72.75 | | Impl. Open: | -76.64 | | | Russell 2000 Mini | | 2,236.01 | | Current: | 2,244.50 | | Change: | 11.80 | | Impl. Open: | 10.49 | | Dow futures moved higher Friday morning after the release of the government's July employment report. The action in futures follows record closes for the S&P 500 and Nasdaq on Thursday. Ahead of the Friday session, the Dow, S&P 500 and Nasdaq are all on track for their second weekly gain in three weeks. The tech-heavy Nasdaq has been particularly hot as of late, riding a four-day win streak and up in 11 of the past 13 trading days.
* 10-year Treasury yield tops 1.28% ahead of key jobs report (CNBC) | | | | Nonfarm payrolls increased by 943,000 in July, according to the Labor Department, topping consensus forecasts of 845,000. The nation's unemployment rate dropped to 5.4% for the month, lower than the 5.7% economists had projected. | | | Apple (AAPL) said it will report to U.S. law enforcement images of child exploitation that are uploaded to iCloud. To locate images called Child Sexual Abuse Material (CSAM), Apple will use a process known as hashing, which transforms images into corresponding unique numbers. Other cloud services already scan files for violations of their terms of service. (CNBC)
* Amazon postpones return to office until January 2022 (CNBC) | | | | Huawei's revenue fell nearly 30% in the first half of the year, and the chairman of the Chinese technology firm said its "aim is to survive." The company was put on the U.S. trade blacklist in 2019 while former President Donald Trump, a noted China hawk, was in office. | | Zillow Group (ZG) reported adjusted quarterly earnings of 44 cents per share, 20 cents above estimates, with the real estate website operator's revenue above estimates as well. Zillow also gave an upbeat growth forecast, as it scales up its home-flipping business, and said it expects sales this quarter to exceed $2 billion for the first time. | | | | Virgin Galactic (SPCE) lost 39 cents per share for its latest quarter, 6 cents more than expected, though the space flight company did report much better than expected revenue. It also announced it will sell seats for space tourism flights at $450,000 and up. | | | | Beyond Meat (BYND) reported a quarterly loss that was 7 cents wider than expected at 31 cents per share. Revenue for the maker of plant-based meat alternatives did come in above Street forecasts, but it did give a cautious outlook due to "more conservative" orders by its customers due to Covid-related uncertainty. | | | | Dropbox (DBX) shares are higher in premarket trading, after its adjusted earnings of 40 cents per share beat estimates by 7 cents and the cloud storage company's revenue came in above forecasts as well. | | | | Cornerstone OnDemand (CSOD) agreed to be bought out by private equity firm Clearlake Capital Group. Clearlake will pay about $3.8 billion, or $57.50 per share in cash for the cloud computing firm. | | | | Zynga (ZNGA) shares are tumbling after the mobile gaming company gave a disappointing full-year forecast, anticipating a slowdown in gaming. Zynga also reported adjusted quarterly earnings of 4 cents per share, 5 cents shy of estimates, with revenue below estimates as well. | | | | Carvana (CVNA) stock is rallying after the online used-car retailer posted an unexpected profit, its first ever, for its latest quarter, as well as seeing revenue exceed analyst forecasts by a wide margin. Auto sales in general have enjoyed a boom in demand since the pandemic began last year. | | | | Yelp (YELP) earned 5 cents per share for its latest quarter, compared to consensus forecasts of a 9 cents per share loss. The online review site operator also reported better than expected revenue, and boosted its full-year forecast as well as ad revenue continues to strengthen. | | |
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