Listed below are an important information, tendencies and evaluation that buyers want to begin their buying and selling day:
1. Wall Road appears greater after claims match estimates
Merchants works on the New York Inventory Change (NYSE), August 4, 2021.
Andrew Kelly | Reuters
Job seekers speak with recruiters at a Job News USA career fair in Louisville, Kentucky, on June 23, 2021.
Luke Sharrett/Bloomberg via Getty Images
The government Thursday morning reported initial jobless claims for last week dipped to 385,000, matching estimates. The previous week was revised a bit lower to 399,000. The latest reading on continuing claims, which runs one week behind the headline weekly number, showed a sharp drop to under 3 million. The 10-year Treasury yield ticked lower to around 1.18%, one day after falling to its lowest level since February. On Friday, the government is set to release its July employment report. Economists expect 845,000 nonfarm jobs were created last month after June’s 850,000 increase.
2. Robinhood retreats after huge rally this week
Robinhood Markets, Inc. CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021.
Andrew Kelly | Reuters
3. Moderna says Covid booster ‘robust’ against delta
Westbury, N.Y.: A man receives the Moderna COVID-19 vaccine while at the Long Island federally qualified health center, in Westbury, New York, on April 29, 2021. (Photo by Steve Pfost/Newsday via Getty Images)
Steve Pfost | Newsday | Getty Images
4. Uber, Etsy, Roku see shares drop after earnings
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019.
Philip Pacheco | AFP via Getty Images
Josh Silverman, CEO of Etsy.
Adam Jeffery | CNBC
Etsy shares sank 12% in the premarket after the online crafts marketplace late Wednesday reported lower-than-expected user growth. Etsy did top estimates with quarterly earnings of 68 cents per share. Revenue also beat projections. The stock was up 55% over the past 12 months.
CEO of Roku, Anthony Wood speaks onstage at The Future of TV Streaming & Entertainment during Tribeca X – 2021 Tribeca Festival at Spring Studios on June 18, 2021 in New York City.
Arturo Holmes | Getty Images
Shares of Roku fell more than 8% in Thursday’s premarket, one day after the video streaming device maker reported disappointing user growth. Roku did crush estimates with quarterly earnings of 52 cents per share. Revenue also exceeded estimates. The stock was up over 150% in the past 12 months.
5. Biden to push EV targets for U.S. auto sales by 2030
U.S. President Joe Biden delivers remarks at the White House in Washington, August 3, 2021.
Jonathan Ernst | Reuters
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