Stocks Rebound, Dollar Tumbles As June Jobs Data Eases Fed Hike Wagers: What's Driving Markets Friday?
Portfolio Pulse from Shanthi Rexaline
Stock futures dipped slightly on Friday as traders awaited the June non-farm payrolls report. Thursday's trading saw stocks close lower due to data suggesting a tight labor market and speculation of a rate hike at the upcoming Federal Reserve meeting. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both fell in premarket trading. Levi Strauss & Co. (NYSE:LEVI), Biogen, Inc. (NYSE:BIIB), and Costco Wholesale Corp. (NASDAQ:COST) are in focus due to recent developments.
July 07, 2023 | 10:52 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Costco Wholesale Corp. fell after it reported a decline in same-store sales for June.
The company's stock fell after it reported a decline in same-store sales for June, which could lead to a decrease in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Levi Strauss & Co. fell in premarket trading following the release of its quarterly results.
The company's stock fell in premarket trading following the release of its quarterly results, which could lead to a decrease in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The Invesco QQQ ETF fell in premarket trading due to negative market sentiment.
The ETF fell in premarket trading due to negative sentiment in the market, which could lead to a decrease in its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust fell in premarket trading due to negative market sentiment.
The ETF fell in premarket trading due to negative sentiment in the market, which could lead to a decrease in its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Biogen, Inc. could be in focus after the FDA granted full approval for their Alzheimer's drug Leqembi.
The company's stock could increase in price due to the FDA approval of their Alzheimer's drug.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90