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  • 7 weeks ago
U.S. stock futures were mixed on Thursday, as the Dow Jones index rose while the S&P 500 and Nasdaq 100 futures dropped following Tuesday’s lower close.

Seasonally adjusted initial jobless claims for the week ending Sept. 5 dipped by 1,000 to 206,000, underscoring ongoing stability in employment. Meanwhile, August’s Producer Price Index (PPI) for final demand moved up 0.4%, driven by a 4.2% jump in energy costs, bringing the unadjusted 12-month final demand increase to 5.4%.

Pledging a $5,000 "Trump dividend" to citizens if the GOP maintains control of Congress, President Donald Trump also proposed renaming the Strait of Hormuz to "Trump Strait."

Additionally, Trump asserted that the war with Iran would conclude right after the midterm elections; however, economist Peter Schiff cautioned that delayed resolutions will drive interest rates and oil prices higher.

Meanwhile, the 10-year Treasury bond yielded 4.85%, and the two-year bond was at 4.43%. The CME Group’s FedWatch tool projections show markets pricing in a 60.2% likelihood of the Federal Reserve hiking interest rates at its September meeting.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were mixed in premarket on Thursday. The SPY was down 0.12% at $763.29, while the QQQ declined 0.13% to $715.35.

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00:08all right it's ppi day and futures are hurting ahead of the open here today s&p futures down
00:150.19 the dow futures down 0.02 notable because that was actually in the green this morning
00:21and the nasdaq leading the way lower down by 0.7 ahead of thursday's opening bell and ahead of the
00:29ppi print that we are expecting in the pre-market here today also worth noting while we're at it
00:35here oil up again here today oil up 3.26 on the futures no bueno for the rest of the
00:43market there
00:43all right let's go ahead and take a look at some cues from last session as well as what we
00:48have
00:48on deck for today we've got several stocks in focus for you as per usual health care financials and
00:54material stocks led losses as most s&p 500 sectors closed lower on tuesday though energy and utilities
01:01bucked the drop to finish higher u.s stock futures were mixed on thursday with dow futures and s&p
01:06futures edging higher while nasdaq futures were slipping as investors await the august ppi report
01:12due before the opening bell all indices have moved to the red pledging a five thousand dollar trump
01:19dividend to citizens if the gop maintains control of congress president trump also proposed renaming
01:25the strait of hormuz to the trump strait additionally trump asserted that the war with iran could
01:32conclude right after the midterm elections lol however economist peter schiff cautioned that delayed
01:38resolutions will drive interest rates and oil prices higher meanwhile the 10-year treasury bond yielded
01:444.85 percent and the two-year bond was at 4.43 percent the cme group's fed watch tool projections
01:50show the market's pricing in a 60.2 percent likelihood of the federal reserve hiking interest rates
01:56at its september meeting now as far as the stocks that we have in focus here for you today the
02:00first
02:01one's going to be cooper companies the ticker is coo c-o-o and it plunged 15.56 percent in
02:08the
02:08pre-market on thursday after reporting mixed third quarter financial results and cutting its fiscal
02:1226 guidance below estimates the next stock on our list is going to be american eagle outfitters the
02:19ticker is aeo and it declined 10.72 percent in the pre-market despite posting upbeat fiscal
02:252026 second quarter results which were fueled largely by tariff refunds the next stock on our list is going
02:32to be our drone best in class it is aero environment the ticker is avav and it rose 6.18
02:40percent
02:40after posting first quarter revenue of 480.49 million and adjusted earnings of 59 cents per
02:48share both beat the estimates the next stock on our list is going to be adobe the ticker is adbe
02:56and
02:56it was 0.27 percent lower as it expects to report earnings after the closing bell today analysts are
03:03expecting earnings of 609 per share on revenue of 6.69 billion the final stock on our list today is
03:10going
03:10going to be oracle the ticker is orcl and it was down 0.39 percent as analysts expect it to
03:16post
03:16quarterly earnings of 174 per share on revenue of 19.14 billion after the closing bell today
03:25you
03:27you
03:30you
03:32you
03:34you

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