| | | JULY 29, 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, July 29th. Let's get ready for the trading week! |
| The Dow Jones fell 0.4% in Wednesday's trading session while the S&P 500 was flat on the day. The Nasdaq added 0.7% as tech stocks pushed higher. Today, futures are creeping higher in the premarket with S&P 500 contracts currently holding onto a 0.2% gain. It appears the market is on pace to open the session in the green. Fed Policy Federal Reserve officials made their monthly policy statement yesterday, and it went how investors expected. The central bank said it's considering rolling bank its bond-purchasing program later in the year, but officials are holding off on making any moves at the moment, despite skyrocketing inflation, red-hot corporate earnings, and several multi-trillion dollar government spending plans coming down the pipeline. The Fed is in a bad spot and they know it. The US is printing money like there's no tomorrow, and the government can't even afford to boost rates at this time. The cost of interest payments from higher rates could bankrupt the country. Fed Chair Jerome Powell is praying the situation works itself out, but we're not convinced. Certainly, the Fed pumping billions into a market hovering near record highs isn't helping the situation. |
| Amazon (AMZN) After Market Close Mastercard (MA) Before Market Open Twilio (TWLO) After Market Close Merck (MRK) Before Market Open Comcast (CMCSA) Before Market Open Tmobile US (TMUS) After Market Close American Tower (AMT) Before Market Open |
| Thursday, July 29 Weekly Jobless Claims ... 8:30a GDP first estimate [Q2] ... 8:30a Friday, July 30 Employment Cost Index [Q2] ... 8:30a Consumer Spending [Jul] ... 8:30a |
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