5 issues to know earlier than the inventory market opens Friday, Jan. 21

Here are the top news, trends and analysis investors need to start their trading day:

1. Wall Street looks set to extend its losing streak

Traders work on the floor of the New York Stock Exchange (NYSE) on January 20, 2022 in New York City.

Spencer Platt | Getty Images

US stock futures fell Friday, with the Nasdaq Looking for Wall Street’s biggest drop again Netflix Shares tumbled in the premarket on slowing subscriber growth. The Nasdaq fell for a third straight session, ending Thursday almost 12% below its last record close in November. the S&P500 It also fell for three straight days, closing 6.5% below its record close earlier this month. the Dow Jones industry average fell for five straight sessions, ending more than 5.6% below its record close from early January. All three stock benchmarks were up to speed for big weekly losses.

2. Netflix’s slump would wipe out profits through April 2020

Netflix’s shares fell 20% premarket on Friday, suggesting opening prices below $410 each, erasing more than 20 months of gains and over 40% below its all-time high in November. Investors punished the stock after Thursday’s after-the-bell earnings report, which revealed a Decrease in net paid subscriber additions worldwide in the fourth quarter and an even worse forecast for the current first quarter.

  • The video-streaming giant beat fourth-quarter earnings estimates and matched sales, but Wall Street was more concerned about the future.
  • Netflix said it plans to have a more back-end weighted content slate in the first quarter, with big premieres slated for March.

3. Peloton is taking “significant corrective action,” CEO says

peloton said its fiscal second-quarter earnings late Thursday will be within the previously forecast range, as it takes action to reduce costs and improve profitability. However, the fitness equipment maker said it added fewer subscribers than previously expected in the most recent period, which ended Dec. 31.

The stock rallied 8% in pre-market on Friday in the morning after falling nearly 24% in the regular session following a CNBC report that the connected fitness equipment maker temporarily halted production of its stationary bikes and treadmills due to the explosive Demand eased off at the start of the Covid pandemic. Peloton’s stock opening price on Friday would mark an 85% drop from its all-time high of $171.09 set in January 2021.

4. Intel plans to build $20 billion chip manufacturing facility in Ohio

Intel CEO Pat Gelsinger at the groundbreaking ceremony for two new chip manufacturing facilities in Chandler, Arizona on Friday, September 24, 2021.

Intel Corporation

intel will invest $20 billion in two new plants in Ohio to manufacture advanced chips, The company announced this on Friday, the first step toward a “mega-site” capable of housing eight $100 billion chip fabs. The proposed investment includes 3,000 permanent jobs and 7,000 construction jobs on the 1,000-acre site outside of Columbus. Intel CEO Pat Gelsinger is driving Intel’s expansion plans, particularly in Europe and the US, to compete with global rivals and respond to a global microchip shortage. In September, Intel broke ground on two factories in Arizona as part of its turnaround plan to become a major maker of chips for external customers.

5. US and Russia far apart on Ukraine crisis as top diplomats meet

U.S. Secretary of State Antony Blinken greets Russian Foreign Minister Sergei Lavrov before their meeting January 21, 2022 in Geneva, Switzerland.

Alex Brandon | Reuters

The US and Russia try to avoid Another conflict in Europe. However, top diplomats from both nations warned on Friday that no breakthrough was imminent as fears mounted that Moscow was planning to invade Ukraine. US Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov met in Geneva at what the American called a “critical moment”. Lavrov called the talks “constructive and useful”. Moscow wants a promise that Ukraine, a former Soviet republic, will never be allowed to join NATO and is demanding the withdrawal of allied troops and military equipment from parts of Eastern Europe. The US and NATO have rejected these demands. In 2014, Russia conquered the Ukrainian peninsula of Crimea.

— Reuters and Associated Press contributed to this report. Follow all market action like a pro CNBC Pro. Get the latest on the pandemic with you CNBC’s coronavirus coverage.

No Means Dwelling’ Friday field workplace hits $121.5 million

Tom Holland and Benedict Cumberbatch play the roles of Peter Parker and Doctor Strange in Spider-Man: No Way Home.

Sony

“Spider-Man: No Way Home” breaks pandemic cinema records.

Between Thursday preview and Friday Showtimes, the latest Marvel Cinematic Universe flick has $ 121.5 million in domestic ticket sales.

“As the industry prepped for the first $ 100 million opening weekend of the pandemic era, ‘Spider-Man: No Way Home’ hit theaters and erased expectations by hitting that mark by the end of Friday.” said Paul Dergarabedian, senior media analyst at Comscore.

Sony, on the side a co-producer of the film Disney, raised its estimate for the entire weekend, saying the film will now exceed $ 240 million during its debut. His initial guess suggested the film would raise around $ 130 million. Box-office analysts told CNBC that they expect the film to hit around $ 250 million or even $ 265 million.

“The projections have only increased as this film captures the zeitgeist and brings many moviegoers back for the first time during the pandemic,” said Shawn Robbins, chief analyst at BoxOffice.com.

“No Way Home” is already the top-grossing opener of the pandemic era, surpassing “Venom: Let There Be Carnage,” which grossed $ 90.1 million in theaters in the first three days. It is also likely to land in the top 10 highest opening films in film history as one of only eight films to top $ 200 million on the first weekend, according to Comscore.

Audiences rushed to theaters early this weekend to see “No Way Home” before potential spoilers leaked online. The box office saw a similar fervor in 2019 when Avengers: Endgame was released led to the highest national and global opening ever.

Box office analysts anticipate audiences will return to theaters to see the film multiple times, as they did with “Endgame,” and expect the film to see solid ticket sales over the next several weeks.

“With the incredibly strong word of mouth and the Christmas season in full swing, there is a very real chance this will end up as the second largest opening in history,” said Robbins. “Or at least in the top 4, even with very conservative forecasts, with staying power until well into the new year.”

While “Spider-Man: No Way Home” may not hit the $ 357.1 million opening that “Endgame” generated domestically two years ago, it could top the second highest opener – “Avengers: Infinity War” from 2018 , which was $ 257.6 million or the third highest-ranking “Star Wars: The Force Awakens” from 2015 which grossed $ 247.9 million in the first three days.

“This is an event-level performance that will be remembered for a long time because of its incredible importance to both moviegoers and the industry itself,” said Robbins. “It is not only proof of the universal appeal of Marvel and Spider-Man, but also of Sony’s strategy of theatrical exclusivity and the incredible power of the cinema experience together.”

Black Friday buying in shops drops 28% from pre-pandemic ranges

Shoppers with bags from various stores stand side by side as Black Friday sales begin on November 26, 2021 at the Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky.

Jon Cherry | Reuters

Retail store traffic was down 28.3% on Black Friday compared to 2019 as Americans shifted more of their spending online and started shopping earlier in the year, according to preliminary data from Sensormatic Solutions.

The traffic increased by 47.5% compared to Previous year levelsaid Sensormatic. This time around in 2020, many shoppers stayed at home due to fears about the coronavirus pandemic and the somewhat reduced opening hours of retailers.

“It’s clear that shoppers are shopping earlier this season, just as they did last season,” said Brian Field, Sensormatic’s senior director of global retail consulting. He added that the two main reasons shoppers hand out their Christmas shopping are ongoing concerns about Covid and worries about the supply chain.

The peak time for Black Friday in-store shopping was 1pm to 3pm, similar to previous years, Sensormatic said. Black Friday continues to be forecast as the busiest shopping day of the season, according to Sensormatic.

On Thanksgiving Day, brick and mortar store visits were up 90.4% from 2019 levels, Sensormatic found. Retailers including target, Walmart and Best buy decided to keep their doors closed to customers on the holidays. Target has said it will be a permanent shift.

Field said that Black Friday buyer traffic was most likely to return to 2019 levels in the South, followed by the Midwest, and then the West and Northeast. He does not believe that the increasing fears about the new Omicron Covid variant have influenced consumer behavior on that day.

“If you see outbreaks in the US, that would be what I think is driving [traffic down] would be if governments and communities would lock down again, “said Field.” Otherwise the trends will be very similar to what we expect. “

Online spending on Black Friday is down from 2020 levels

Online retailers had sales of $ 8.9 billion on Black Friday. less than the record of about $ 9 billion spent on the Friday after Thanksgiving a year earlier, according to data from Adobe Analytics. It is the first time that growth has reversed year-on-year, Adobe said. Adobe analyzes more than a trillion visits to US retail sites with over 100 million items in 18 different product categories.

On Thanksgiving Day, consumers were spending $ 5.1 billion on the Internet, unchanged from last year, Adobe said.

The numbers prove even more that the Christmas season has lengthened as more Americans started shopping as early as October. Retailers have also spread their promotional offers. Corresponding a survey by the National Retail Federation, the leading retail group, 61% of consumers had started shopping for Christmas gifts before Thanksgiving.

“Shoppers are strategic about gift shopping, shop much earlier in the season, and have flexibility when shopping to ensure they get the best deals,” said Vivek Pandya, senior analyst at Adobe Digital Insights.

Adobe predicts e-commerce sales on Cyber ​​Monday, the biggest online shopping day of the year, between $ 10.2 billion and $ 11.3 billion.

However, shoppers can expect a wide variety of items to be out of stock as supply chain complications have messed up inventory at some companies.

According to Adobe, news on retailers’ websites that are out of stock was up 124% through Friday, compared to pre-pandemic levels. Household appliances, electronics, housewares, and household and garden items have the highest outages, according to Adobe.

NRF expects Christmas sales in November and December increase between 8.5% and 10.5%, for total sales between $ 843.4 billion and $ 859 billion, which would set a record year-over-year growth.

Hoops Mania Returned in Fashion Friday Night time

Story links

VILLANOVA, Pennsylvania – Hoops Mania returned after a year of compulsory abstinence from COVID-19 and was welcomed with open arms by the Nova Nation student unit at the Finneran Pavilion on Friday evening. A packed house with more than 4,000 students helped Villanova kick off the 2021-22 basketball season for men and women.

Trainer of the women of Villanova Denise DillonIn her second season as head coach, she took part in her first Hoops Mania. Her team was featured shortly thereafter, and Maddie Siegrist received a basketball for breaking the 1,000-point plateau in just two seasons. Siegrist later attempted to set a world record for the most 3-pointers in one minute but missed just two points and sank 11.

Men’s head coach Jay Wright asked Dillon and her team to join him in the Swag Surf, a trademark of the Villanova student section.

The returning members of the Villanova men’s team received BIG EAST championship rings for both the 2019-20 and 2020-21 regular season titles. Banners to celebrate these titles have been unveiled by the three newest Wildcats: newcomers Angelo Brizzi, Jordan Longino and Nnanna Njoku.

Brandon Slater won the Slam Dunk Contest and the Pitch Blue Wildcats beat the Light Blue Wildcats on 15 in an intrasquad scrimmage.

At the end of the evening, Grammy-nominated musical artist “Offset” came on stage to perform a concert and join a long list of prominent entertainers who have taken the stage at Hoops Mania.

The Villanova men open the regular season 2021-22 on Tuesday, November 9th against Mount St. Mary’s in the Finneran Pavilion at 4:30 p.m. Dillon’s Wildcats will host an exhibition game on Saturday evening (October 30th) at 6:30 p.m.

Metropolis to make use of Mardi Gras-style pickup for trash beginning Friday

“There’s no magic wand that can solve this overnight,” said Cantrell. “If there was one, I would have waved him.”

The city of New Orleans will add a Mardi Gras-style garbage collection process to try to get rid of some of the trash that is piling up, rotting and stinking in several neighborhoods of the city, some of which have not seen garbage collection since before Hurricane Ida.

Mayor LaToya Cantrell and the CAO of Infrastructure Ramsey Green said 10 vehicles from the city, along with heavy equipment and a police presence, would be dumped to pick up loads of rotting rubbish. She called it “Operation Mardi Gras”.

The municipal Department of Sanitation, Parks and Parkways, Public Works, the S&WB, the Orléans Parish Sheriff’s Office, the RTA, and the airport will all mobilize heavy equipment to traverse all of the city’s streets and remove any bags currently on the street.

The operation begins Friday and involves workers loading the bags into dump trucks and front loaders and taking the garbage to a landfill.

“We don’t do this voluntarily, but out of necessity,” said Green.

“There’s no magic wand that can solve this overnight,” said Cantrell. “If there was one, I would have waved him.”

Green emphasized that the city crews would not pick up the city’s 95-gallon containers, but rather the additional garbage bags that were placed next to the containers because the containers were mostly full.

The 95-gallon containers will continue to be on the list of regular garbage collection providers.

The city crews handle solid food waste rather than fallen branches and storm debris, which is another function but not as big a health issue as rotting food, diapers, and other household trash.

“This is a temporary solution as we are moving towards a more permanent solution,” said Ramsey Green, the city’s chief administrative officer for infrastructure.

The garbage disposal problem, especially given the contents of many fridges and freezers thrown out before and after Hurricane Ida, has begun to rot and attract rodents and flies.

Mayor Cantrell said the city’s garbage disposal companies had to expect a 3-5 times workload after the storm, with only about 25 percent of their normal workforce.

In addition to the city’s collection efforts, they have 4 trucks from Ramelli Waste picking up parts of Algiers and Mid-City that they have designated as Zone 1 had a response from a supplier with 20 trucks but there are concerns that the company is trucks has but not enough workers.

Cantrell said IV garbage trucks, who also help with the collection, are working with Metro for their normal routes.

Self garbage dump

Cantrell also brought up their Elysian Fields Transfer Station landfill, which was criticized by local residents who complained that they were asked to dispose of their own household garbage while paying someone else to do it.

Cantrell said it was only an option for people who asked for an option. She said 200 vehicles used the construction site during the half day of operation on Wednesday and another 600 dumped garbage there on Thursday.

“You don’t have to, but if you want, the option is there.”

Cantrell also said the city is considering recognizing residents who went without garbage collection for weeks before Hurricane Ida and after the storm. She said she was also considering legally repeating the city’s garbage deal.

“That is absolutely on the table. I think we have to get it out, ”she said. “We have to pick up our rubbish.”

TIED TOGETHER: ‘It smells really awful,’ NOLA’s garbage problems continue

TIED TOGETHER: New Orleans opens up a place where you can dispose of your household waste

80s-Type Vogue present set for Friday at Northern Winz

Northern Winz Hotel & Casino is hosting its fifth annual Honor Our Legacy Fashion Show on Friday at 5 p.m., preceded by the Women’s Health Fair.

Gaming Commissioner Rebekah Jarvey, the event’s coordinator, said she was excited to host this free event, which this year will feature well-known artists and fashion designers from across the Indian country including Elias Not Afraid, JG Indie and Sage Mountain Flower .

The event’s categories include Contemporary Native Fashion for men and women and 80s Style Best Dressed with cash prizes for the winners, as well as an 80s Big Hair Contest.

It will also include a live performance by Nataanii Means, a Native American hip-hop artist on the way to releasing his third album, and a modeling workshop by the Squash Blossom Duo at 10am.

The event will be announced by Russell Standing Rock, Montana Cree will be the host drum, and American Legion Post 67 will be the color guard.

The fashion show is preceded by the Women’s Health Fair, organized by Rocky boy Health Center with presenters Tami Ralston and Jackie Houle, after which there is a short break before the fashion show begins.

COVID-19 security measures will be taken at both events and the fashion show will be broadcast live at https://www.facebook.com/Honor-Our-Legacy-Fashion-Show-108755707176241 .

Transport disaster strikes Black Friday procuring amid Europe, China floods

TOPSHOT – The aerial photo shows an area in the Blessem district of Erftstadt on July 16, 2021, which was completely destroyed by the flooding.

SEBASTIEN BOZON | AFP | Getty Images

The 2021 Christmas shopping season could be marred by out of stock goods and shipping delays as the recent floods in Europe and China tighten already tight global supply chains.

Western Europe and the Chinese province of Henan – a major transport hub and headquarters of several large companies – are grappling with the aftermath of devastating floods.

The disasters damaged railways in both regions, which are used to deliver goods and raw materials. Water entered industrial areas and damaged facilities, machinery and warehouses, supply chain industry companies told CNBC.

“Black Friday and the holiday season for which products (and raw materials) are staged will have the brunt of the impact,” Pawan Joshi, executive vice president of supply chain software company E2open, told CNBC in an email.

“Consumer electronics, dorm furniture, clothing and appliances will all continue to be in short supply as shopping starts early in school and enters the main Christmas shopping season,” he said.

Delays in the distribution of raw materials needed to manufacture goods will have a cascading effect and disrupt supply chains “for weeks and months,” Joshi said.

The flood has the potential to take another blow to the auto industry, which is already suffering from a semiconductor shortage.

Pawan Joshi

Executive Vice President, supply chain software company E2open

Several companies including Germany’s largest steel manufacturer Thyssenkrupp, have declared force majeure. A force majeure event occurs when unforeseeable circumstances, such as natural disasters, prevent a party from fulfilling its contractual obligations and release it from sanctions.

Some of the industries hardest hit by the floods include automobiles, technology and electronics, according to those CNBC spoke to.

Car production started again after lack of chips

Auto production is likely to be affected by production delays as many of the world’s largest automakers and their suppliers are based in the flood-ravaged regions.

“The flood has the potential to take another blow to the auto industry, which is already suffering from a semiconductor shortage,” said Pawan.

Production facilities in Germany, the Netherlands, Luxembourg and Belgium are expected to bear the brunt of the flood damage, supply chain risk management company Everstream told CNBC via email. Many suppliers that provide specialty parts for the automotive, technology and aerospace industries are based there, said Shehrina Kamal, vice president of Intelligence Solutions at Everstream.

“When the floods receded, most major highways and roads were expected to be cleared this past weekend,” she said.

“Given that some companies have issued profit warnings and even declared acts of God, the effects of the flood are likely to drag on through supply chains for several weeks,” concluded Kamal.

Zurich-based company Klingelnberg, which makes transmission components, warned that the damage to its Hückeswagen plant in Germany could affect its sales targets for 2021.

Disruption of copper is bad news for electronics

The floods could also disrupt supplies of copper, which is used in many products from electronics to electric vehicles.

Flood-hit Henan Province in China is a major center of copper production, said Vivek Dhar, a commodities analyst with the Commonwealth Bank of Australia.

Copper prices rose sharply last week on delivery concerns, he said, as Henan has seen strong growth in copper smelting in recent years.

“Hopes for copper demand are linked to the rebuilding of damaged infrastructure in central China. China’s electricity sector is a particularly strong driver of copper demand,” Dhar wrote in a note last week.

In Europe, Aurubis GmbH – a provider of high-precision copper wires for the electronics and electrical appliance industries – declared force majeure in the case of deliveries after extensive floods in their plant, according to Everstream Analytics.

Read more about China from CNBC Pro

Meanwhile, in Henan’s capital, Zhengzhou, the disruption could hit a wide range of industries, from automotive to pharmaceuticals to biotechnology, said Ryan Seah, APAC intelligence analyst at Everstream.

“Zhengzhou is a major transportation hub and one of the most important cities in China along the Belt and Road Initiative,” said Seah, referring to China’s gigantic infrastructure plan that spans several countries and continents. He added that the city is home to 91 China-listed companies and a variety of sectors.

There is also a large factory in Zhengzhou, which is made by Hon Hai precision industry, also known as Foxconn. It is the world’s largest assembly plant for Apples iPhones. Foxconn previously told CNBC that it “has activated an emergency plan for flood protection measures at this location”.

5 issues to know earlier than the inventory market opens Friday, July 23

Here are the top news, trends, and analysis investors need to start their trading day:

1. Wall Street appears to end the week with a winning streak of four sessions

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.

2. Snap, Twitter up as Intel slumps on quarterly results

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.

4. The IOC says all possible Covid security measures have been taken

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.”

5. NFL warns teams of Covid outbreaks in unvaccinated players

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.

– Follow the entire market like a pro CNBC Pro. Find out about the pandemic with CNBC’s coronavirus coverage.

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.

AMC Leisure Holdings Inc. Cl A inventory falls Friday, underperforms market

Shares in AMC Entertainment Holdings Inc. Cl A
AMC, -4.17%
lost 4.17% to $ 51.96 on Friday, which turned out to be an all-round positive trading session for the stock market with the NASDAQ Composite Index
COMP, + 0.81%
Up 0.81% to 14,639.33 and the Dow Jones Industrial Average
DJIA, + 0.44%
increased by 0.44% to 34,786.35. This was the second consecutive day of losses for the stock. AMC Entertainment Holdings Inc. Cl A closed $ 20.66 below its 52-week high ($ 72.62) the company hit on June 2.

The trading volume (89.3 million) remained 96.8 million below its 50-day average volume of 186.2 million

5 issues to know earlier than the inventory market opens Friday, July 2

Here are the top news, trends, and analysis investors need to start their trading day:

1. Stock futures flat before the job report in June

Traders work on the floor of the New York Stock Exchange on November 4th. 2020.

NYSE

US stock futures were flat on Friday morning before the release of the June key job report, scheduled for 8:30 a.m. ET. All major street indices closed on Green Thursday as Wall Street got off to a positive start into the second half of 2021 after a strong first half. The S&P 500 rose by 0.5% to 4,319.94 and thus reached the sixth record high in a row. The Dow Jones Industrial Average added 131 points, ending the session at 34,633.53. The 30-person Dow is up three in the last four sessions, and is at its highest level since June 4th. The tech-heavy Nasdaq rose 0.13% to 4,522.38 on Thursday. The key averages are all positive for the week and at the level of their second consecutive weekly gain.

2. Economists expect 706,000 jobs to be created in June

A company is advertising an Aid sign on April 9, 2021 in Pawtucket, Rhode Island.

Spencer Platt | Getty Images

All eyes are on the June job report as investors seek further insight into the US labor market’s recovery from the rubble caused by the coronavirus pandemic. So far it has improved more slowly than expected. According to the Dow Jones, economists estimate 706,000 non-farm jobs were created in June and expect the unemployment rate to have fallen from 5.8% to 5.6%. The average hourly wage is said to have increased by 0.3% in June compared to May and by 3.6% year-on-year. Labor Department employment reports for April and May fell short of Wall Street’s expectations.

3. Robinhood applies for the highly anticipated IPO

Pavlo Gonchar | LightRakete | Getty Images

In his eagerly anticipated IPO on Thursday, Robinhood Markets announced that it has 18 million retail clients and more than $ 80 billion in client assets. The free stock trading pioneer said it was profitable in 2020, posting net income of $ 7.45 million on net sales of $ 959 million as the number of accounts funded more than doubled that year. In 2019, Robinhood lost $ 107 million on net sales of $ 278 million.

Robinhood ended the first three months of this year in a loss of $ 1.4 billion, related to the emergency funding it closed during the peak of the Reddit-fueled GameStop madness in January. Revenue for the quarter rose 309% to $ 522 million, compared to $ 128 million in the first quarter of 2020. Approximately 38% of Robinhood’s revenue comes from options trading accounts. Stocks make up 25% of sales, while crypto makes up 17%.

Founded in 2013, the company plans to raise $ 100 million when it goes public. It intends to list on the Nasdaq and trade under the ticker “HOOD”.

4. Virgin Galactic plans to launch Richard Branson on July 11th

Sir Richard Branson stands on the trading floor of the New York Stock Exchange (NYSE) in front of the trading of Virgin Galactic (SPCE) in New York, USA, 28 October 2019.

Richard Branson Virgin Galactic IPO NYSE

Space tourism company Virgo galactic was planning its next test space flight for July 11th and company founder Sir Richard Branson intends to be on board. The timing is especially noteworthy as the English billionaire wants to beat Jeff Bezos to the room. The Amazon founder and richest person in the world is scheduled start on July 20th with his own company Blue Origin. Virgin Galactic’s shares rose about 30% in pre-trading hours to about $ 56 each. The planned launch will be Virgin Galactic’s fourth test space flight to date. Branson founded Virgin Galactic in 2004 and the company began trading on the New York Stock Exchange in October 2019.

5. Toyota outperforms GM in the US for the first time in a quarter

A Toyota Tundra pickup truck is seen at a dealership in San Jose, California.

Yichuan Cao | NurPhoto | Getty Images

Toyota engine more vehicles sold in the US than General Motors in the second quarter and therefore for the first time in the three-month reporting period. On Thursday, Toyota announced it had sold 688,813 vehicles in America from April to June, narrowly ousting GMs 688,236 vehicles. Toyota’s results exceeded analysts’ expectations; GMs fell short. Toyota may become the best-selling automaker in the US, depending on where Ford’s results come in. GM’s Crosstown rival reported the number on Friday morning, and analysts are forecasting US sales of 645,000 vehicles in the second quarter. The last time GM wasn’t America’s best-selling automaker for a quarter was in the third quarter of 1998 when Ford oversold them, according to Edmunds.

The automotive industry has coped with semiconductor shortages and messed up production schedules at a time when consumer demand for new vehicles was strong. Toyota and other Japanese automakers have weathered the chip crisis better than their US rivals so far.

– Follow the entire market like a pro CNBC Pro. Find out about the pandemic with CNBC’s coronavirus coverage.