Here are the top news, trends, and analysis investors need to start their trading day:
Traders operate on the floor of the New York Stock Exchange (NYSE) on July 21, 2021.
Brendan McDermid | Reuters
Dow futures rose 150+ points on Friday, suggesting a strong end of the week on Wall Street opening and four positive sessions in a row after Monday’s big slump. That Dow Jones industry average, the S&P 500 and the Nadsaq were looking for weekly increases. The Nasdaq was groundbreaking with an increase of almost 1.8% in the last four days. All three are also within 1% of their last record closings on July 12th.
Dow share American Express rose about 4% in the premarket after the credit giant announced quarterly best estimate earnings and revenues. Shares in Honeywell International, also a Dow share, rose slightly in the premarket after the industrial company beat estimates with quarterly earnings and sales. Honeywell has also raised its outlook. After a quarter of the reporting season, Wall Street is heading for the best earnings growth in over a decade.
In the bond market is that 10-year government bond yieldmoving in reverse to course ticked higher on Friday, Trade with approx. 1.3% after hitting a 5½ month low of nearly 1.13% earlier this week. The purchasing managers’ manufacturing and service indexes for July will be released at 9:45 am ET.
The Snapchat application on a smartphone arranged in Saint Thomas, Virgin Islands, USA on Friday January 29, 2021.
Gabby Jones | Bloomberg | Getty Images
Tech stocks rose in the premarket on Friday with stocks by Snap 16% increase according to the social media company surprised analysts with quarterly profitto earn an adjusted 10 cents per share. Income also exceeded forecasts. Snap on Thursday reported unexpectedly high daily user metrics and an optimistic sales forecast.
The Twitter logo will be displayed on a smartphone screen on April 14, 2021.
NurPhoto | NurPhoto | Getty Images
Shares in Twitter rose 5% in pre-trading after the company beat estimates by 13 cents late Thursday with adjusted quarterly earnings of 20 cents per share. Revenue beat forecasts as ad sales increased 87% year over year. Twitter also entered optimistic sales forecast for the current quarter.
The Intel logo is shown during the preparations at the CeBit computer fair.
Fabian Bimmer | Reuters
Dow share Intel fell nearly 2% early on Friday, the morning after the company released a forecast that disappointed some investors, saying that The global chip shortage could last well into 2023. Intel beat estimates with quarterly earnings of $ 1.28 per share. Sales also exceeded forecasts.
3. The Delta variant is one of the most contagious respiratory diseases of all time, says CDC director
Critical care nurses insert an endotracheal tube into a positive patient with coronavirus disease (COVID-19) in the intensive care unit (ICU) at Sarasota Memorial Hospital in Sarasota, Florida on February 11, 2021.
Shannon Stapleton | Reuters
The delta variantprevalent in the US is one of the most contagious respiratory diseases ever, warned the director of the Centers for Disease Control and Prevention. The variant is highly contagious, mainly because, according to new data, people infected with Delta can carry up to 1,000 times more viruses in their nasal passages than those infected with the original coronavirus strain. The last seven-day average of new Covid cases rose 65% while deaths fell 7% to 250 per day over the same period.
A view of the Tokyo Olympic Rings ahead of the Tokyo 2020 Olympic Games in Japan.
Danny Lawson | PA pictures | Getty Images
As the Tokyo Olympics are due to officially begin on Friday after a one-year delay, the International Olympic Committee said Organizers did everything they could, based on expert recommendations from Covid to ensure safe gaming. The IOC responded to criticism for using “cheap measures” and ignored advice. Reuters reported that 11 athletes have tested positive for the coronavirus since July 2, while Olympic infections, including officials and the media, were above 100. Earlier this week, World Health Organization chief Tedros Adhanom Ghebreyesus said, “The success is noticeable in ensuring that all cases are identified, isolated, followed up, dealt with and the referral cut off as quickly as possible.”
General view of the NFL shield logo on the field prior to Super Bowl LV between the Tampa Bay Buccaneers and the Kansas City Chiefs at Raymond James Stadium.
Kim Klement | USA TODAY Sports | Reuters
The National Football League plans to operate as normally as possible for the upcoming 2021 season and announced to teams that they would lose games and lose money if Covid outbreaks occur due to unvaccinated players. In a memo from CNBC, the NFL told team leaders and head coaches that it has no plans to postpone games due to outbreaks, as it did in the 2020 season. Instead, the league wrote that “postponements will only be made if required by government agencies, medical experts or at their discretion,” by NFL commissioner Roger Goodell. The league’s tough stance on postponing games will also protect network partners who have just agreed Media deal worth more than $ 100 billion.
Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics owns the U.S. broadcast rights to all Summer and Winter Games through 2032.