GameStop, Clover Health, AMC, Chewy: What to Watch When the Stock | Sidnaz Blog

Here’s what we’re watching as Thursday’s trading gets underway.

  • U.S. stock futures wobbled ahead of data on consumer prices that will offer fresh insights about the pace of inflation as the economy emerges from the pandemic.
  • Futures for the S&P 500 were up less than 0.1% and Dow Jones Industrial Average futures added 0.2%. Contracts for the technology-focused Nasdaq-100 slipped 0.3%. Read our full markets wrap here.
  • Bitcoin is trading around $37,200, a 2.2% rise from Wednesday’s level at 5 p.m. ET. The cryptocurrency is still down over 40% from its mid-April high.
What’s Coming Up
  • The U.S. consumer price index for May, a highly-anticipated data release on inflation, will go out at 8:30 a.m.
  • Weekly jobless claims, a proxy for layoffs, are also going out at 8:30. They have been on a downward trajectory over the past five weeks and economists are projecting a new pandemic low as the economy continues to recover.
Market Movers to Watch

GameStop Corp. reset its leadership team as the videogame retailer looks to leverage its recent popularity with investors.



Photo:

Bing Guan/Bloomberg News

Market Facts
  • Issuance of green bonds hit a record $270 billion last year and is on pace to exceed that amount in 2021, according to data from the Climate Bonds Initiative.
  • The yield on the benchmark 10-year Treasury note closed below 1.5%, its lowest level in more than three months, dragged down by tepid economic data and high demand from investors both in the U.S. and elsewhere.
Chart of the Day
Must Reads Since You Went to Bed

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: