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Benzinga
  • 17 hours ago
U.S. stock futures were mixed on Thursday, as the Dow Jones index rose while the Nasdaq 100 and S&P 500 indices fell, following Wednesday's higher close.

The domestic retail sales growth cooled to a modest 0.2% in June, and regional manufacturing performance staged an aggressive rebound as the July Philadelphia Fed Business Outlook Survey surged 31 points to a nearly five-year high of 41.4.

Compounding the positive momentum, labor market pressures eased unexpectedly, with weekly initial jobless claims dropping by 8,000 to a seasonally adjusted 208,000.

Meanwhile, the 10-year Treasury bond yielded 4.57%, and the two-year bond was at 4.15%. The CME Group’s FedWatch tool’s projections show markets pricing an 89.8% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’s meeting.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Thursday. The SPY was down 0.061% at $754.35, while the QQQ declined by 0.29% to $715.68.

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00:08All right. Futures are mixed here ahead of Thursday's open. S&P futures down 0.31%.
00:16The Dow futures are actually minorly in the green, up 0.13%. That's on the back of the UNH
00:23earnings that came out this morning. That stock traded up and that brought the Dow into green
00:27territory. Let's see if we can hold on to that here. It is the only indice that is green here
00:32in
00:32the pre-market. NASDAQ leading the way lower, minus 1%. And actually, we'll do a quick check-in
00:39on oil. Oil is $80 exactly on the oil futures. That represents a gain of 0.5%, so a half
00:47a percent
00:47to the upside. All right. Let's take a look at some cues from last session, as well as what we
00:54have going on here today. Consumer discretionary financial and communications services stocks
01:00recorded the biggest gains on Wednesday, while utilities and energy stocks bucked the overall
01:05market trend, closing the session lower. U.S. stock futures declined on Thursday as the Dow,
01:10NASDAQ, and S&P indices fell following Wednesday's close. Again, the Dow has moved into positive
01:15territory so far. President Trump said Iran wants to negotiate, even as U.S. forces launched a second
01:22wave of strikes against Iranian military targets. Meanwhile, the U.S. Treasury announced new sanctions
01:28targeting an international network accused of procuring weapons for Iran's Islamic Revolutionary
01:35Guard following the attacks on commercial vessels in the Strait of Hormuz. Meanwhile, the 10-year
01:42Treasury bond yielded 4.57%, and the two-year bond was at 4.15%. The CME Group's Fed Watch tool
01:50projections show that the markets are pricing an 89.8% likelihood that the Federal Reserve leaves the
01:55current interest rates unchanged during July's meeting. Now, we've got several stocks in focus
02:01here for you today, and the first one is actually going to be J.B. Hunt. They reported earnings last
02:08night, and they ended up beating. They jumped 7.91% after posting upbeat results for the second quarter.
02:14It reported quarterly earnings of 191 per share, which did beat the analyst estimate of 171 per share,
02:20by 11.7%. Net stock is still holding its gains here this morning. The next stock on our list is
02:26going to be a GAAPE ATP. The ticker is ATPC, and it surged 55.56% following Securities and Exchange
02:34Commission filing that disclosed a new stake held by proprietary trading firm and liquidity provider
02:39Jane Street Group, LLC. The next stock on our list is AST Space Mobile. The ticker is ASTS.
02:47It tumbled 10.01% after the company announced a $1 billion proposed public offering of convertible
02:53senior notes. The next stock on our list is going to be Growhub, and the ticker is TGHL. It gained
03:0133.89%
03:02after the company announced a $400 million merger agreement with Enken. And the last stock on our list
03:09is going to be Atai Beckley. The ticker is ATAI, and it soared 55.59% as Reuters reported that
03:17Eli Lilly,
03:18ticker LLY, is in talks to acquire Atai Beckley, with a deal possibly announced as soon as this week.
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