5 things to know before the stock market opens Friday, June 10
Investors need the following news, analysis and trends to help them start trading:
Traders trade on the New York Stock Exchange’s floor
U.S. stock futuresMixed as investors awaited Friday’s pre-the-bell publication of an important inflation report. They 10-year Treasury yieldFreitag remained above 3%Before May’s consumer prices data which will be released at 8:30 AM, ET. Rising bond yields on Thursday slammedThe stocks Dow Jones Industrial AverageThe decline was 638 points, or almost 2%. It was the S&P 500The NasdaqThe losses were approximately 2.4% and 2.8% respectively.
- Major tech firms struggled on Thursday with Facebook parent Meta Platforms6.4% drop AmazonDropping more than 4 percent AppleSinking by 3.6% Premarket trading Friday gave those shares a boost.
- However, Netflix slid 4.5% in premarket trading after Goldman Sachs downgradedStock to be sold at neutral. The price target has been reduced to $186 per shares from $265. Netflix was almost 5% less than its closing price on Thursday, at $193 per share.
An American supermarket, Washington, D.C., May 26, 2022
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Dow Jones survey of economists shows that they are expecting the following: May’s consumer price indexTo show an 8.3% annual increase over April, it was the same as April. Inflation year-over–year reached an all-time high of 8.5% during March. Federal Reserve expects to increase interest rates by half-point next week. Another half-point is planned for July. However, it is unclear how the Federal Reserve will proceed to combat four-decades of high inflation. On the basis of concern that Fed tightening might become more aggressive in order to reduce prices, bond yields are rising. This could cause the stock market to fall.
On June 7, 2022, gas stations in New Jersey (USA) display prices above $5.00 per gallon.
Lokman Vural Elibol | Anadolu Agency | Getty Images
This is the national average gas price per gallon. according to AAAAs oil prices climb higher,, is increasing at a rate of 1 cent per $5. West Texas Intermediate crude oil, which is the American benchmark, rose Friday. trading at more than $122 per barrel. These gains were then capped by traders who worried about new Shanghai-based Covid testing lockdowns that might lead to more solid oil consumption in the United States. For the moment, however, the peak summer in U.S. demand was driving crude oil prices.
The shares of two companies which prospered during the recession were shared the Covid pandemicThey were down Friday morning in the premarket after signs of weakness in their business.
DocuSignPremarket sales fell 25% Vendor of electronic signature software weaker-than-expected earningsIts fiscal first quarter revenue beat was overshadowed by a loss. Stitch FixBefore-the-bell trades fell by approximately 14% Online personalized styling platform confirmedIt had planned to lay off 15% of its salaried workforce members after it announced disappointing quarter results and warned about the next quarter.
Donald Trump addresses supporters at The Ellipse, near the White House, on January 6, 2021 in Washington DC.
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House select committee to investigate Jan. 6, Capitol riot began laying outIts initial conclusions were made Thursday night at the first of a series public hearings. It was deemed an attack that occurred spontaneously by the panel. “attempted coup”This is a direct consequence of the then-defeated president Donald TrumpThe effort of the committee to defeat 2020 elections. In a post on social media, Trump criticized the committee’s inability to show “the many positive witnesses” or play “only negative footage.” In the weeks ahead, more hearings will take place.