Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Pre-open movers
U.S. stock futures traded mostly flat in early pre-market trade after the Dow Jones dropped over 100 points in the previous session. Investors are awaiting earnings results from SYSCO Corporation (NYSE:SYY) Coinbase Global Inc (NASDAQ:COIN) and TransDigm Group Incorporated (NYSE:TDG).
Data on nonfarm productivity and unit labor costs for the second quarter will be released at 8:30 a.m. ET. Analysts expect productivity increasing at an annual rate of 3.5% in the quarter, while unit labor costs are expected to rise at a rate of 1.2%. Chicago Fed President Charles Evans is set to speak at 2:30 p.m. ET.
Futures for the Dow Jones Industrial Average dropped 16 points to 34,982.00 while the Standard & Poor’s 500 index futures fell 1 point to 4,424.75. Futures for the Nasdaq 100 index rose 7 points to 15,132.25.
The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 35,948,170 with around 617,320 deaths. India reported a total of at least 31,998,150 confirmed cases, while Brazil confirmed over 20,177,750 cases.
Oil prices traded higher as Brent crude futures rose 1.7% to trade at $70.24 per barrel, while US WTI crude futures gained 2.2% to trade at $67.92 a barrel. The API’s report crude stocks will be released later during the day.
A Peek Into Global Markets
European markets were slightly higher today. The Spanish Ibex Index rose 0.1% and STOXX Europe 600 Index rose 0.2%. The French CAC 40 Index rose 0.1%, London’s FTSE 100 fell 0.1% while German DAX 30 gained 0.1%.
Asian markets traded higher today. Japan’s Nikkei 225 rose 0.24%, Hong Kong’s Hang Seng Index rose 1.23%, while China’s Shanghai Composite Index climbed 1.01%. Australia’s S&P/ASX 200 gained 0.3% and India’s BSE Sensex rose 0.1%. The NAB business confidence index for Australia declined to -8 in July, versus a reading of 11 in June. Building permits in Australia dipped 6.7% to 18,911 units in June. Japanese current account surplus jumped significantly to JPY 905.1 billion in June from JPY 148.3 billion in the same month of the earlier year.
Broker Recommendation
Jefferies downgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) from Buy to Hold and lowered the price target from $69 to $56.
Beacon Roofing Supply shares fell 0.6% to $53.07 in pre-market trading.
Check out other major ratings here
Breaking News
a href="https://www.benzinga.com/news/">Check out other breaking news here