| | | AUGUST 5, 2021 Welcome to the Stock Dork Cheat Sheet; your go-to guide for all the most important stock market news and analysis. Today is Thursday, August 5th. Let's get ready for the trading week! |
The Dow fell 0.9% on Thursday while the S&P 500 suffered a 0.5% loss. The Nasdaq squeaked out a tiny 0.1% gain, but the market was mostly down. The Russell 2K took the worst hit with a 1.2% drop.
Today, futures are trending higher in the premarket. Dow and S&P 500 contracts are up 0.2% ahead of the open. Jobs Letdown Ahead? Stocks have been riding high on strong corporate earnings and unprecedented levels of central bank stimulus, but the real economic recovery comes down to the jobs market. Yesterday's ADP private sector employment came in well below expectations and led to some widespread selling. Bond prices also ticked up as investors adjusted to a most risk-off position ahead of Friday's July jobs report. If the ADP report is any indication, we could be headed for a miss on tomorrow's employment report. If it's a particularly stark letdown, there could be some selling to close out the week. |
| Moderna (MRNA) Before Market Open Cigna Corp. (CI) Before Market Open Illumina(ILMN) After Market Close Regeneron (REGN) Before Market Open Canopy Growth (CGC) Fri / Before Market Open Cronos Group (CRON) Fri / Before Market Open Dominion Energy (D) Fri / Before Market Open |
| Thursday, August 5 Weekly Jobless Claims ... 8:30a Trade Balance [Jun] ... 8:30a Friday, August 6 Jobs Report [Jul] ... 8:30a Wholesale Inventories [Jun] ... 10a Consumer Credit [Jun] ... 3p |
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