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5 issues to know earlier than the inventory market opens Friday, Aug 20

Retail earnings and consumer spending

Here are the top news, trends, and analysis investors need to start their trading day:

1. Stock futures are lower as Wall Street is set for a week of losses

A view of the New York Stock Exchange building on Wall Street in downtown Manhattan in New York City.

Roy Rochlin | Getty Images Entertainment | Getty Images

US stock futures were lower on Friday, the day after the S&P 500 posted a slight gain to break a two session loss. S&P 500 and Dow futures were down 0.4%, while Nasdaq futures were down 0.25%. All three major indices enter Friday in the red for the week. The 30-strong Dow is on a three-day losing streak and is in its worst week since June. The Nasdaq, which rose 0.1% on Thursday, is on track for its worst week since May. Factors weighing on Wall Street this week include concerns about a possible tightening of its asset purchases by the US Federal Reserve and the course of the economic recovery amid rising Covid cases. The benchmark ten-year government bond yield was 1.235% on Friday morning, down nearly 1 basis point.

2. Joaquin Duato replaces Alex Gorsky as J&J CEO

Joaquin Duato, Executive Vice President and Worldwide Chairman of Pharmaceuticals at Johnson & Johnson on Tuesday, January 31, 2017.

Andrew Harrer | Bloomberg | Getty Images

Joaquin Duato will replace Alex Gorsky as Chief Executive Officer of Johnson & Johnson effective January 3, the pharmaceutical giant announced on Thursday. The Dow component stocks were slightly lower in Friday’s pre-trading session as investors processed the news. Duato, currently Vice Chairman of the Executive Committee, will also be appointed to the J&J Board of Directors. Gorsky, Chairman and CEO since 2012, will become Executive Chairman. Gorsky ran the company while facing a number of legal issues related to its talc-based baby powder and other products, as well as the opioid crisis.

3. China passes important data protection law

China’s national flag

Russell Monk | The image database | Getty Images

China’s lawmakers passed an important data protection law on Friday, according to state media, a development that follows Beijing’s stricter regulatory approach towards tech companies in recent weeks. Although a final version of the Personal Data Protection Act has not yet been published, it is said to contain stricter rules on how companies collect and store users’ personal data. The law goes into effect on November 1, according to Reuters, and will likely add to the compliance rules that businesses operating in the country must follow.

Investors have become more skeptical of Chinese companies since the government cracked down on ride-hailing giant Didi Global and other industries in early July. Star money manager Cathie Wood told CNBC on Thursday that she believes these recent events, particularly those related to the online education industry, “will stay with our memories for a long time”. She added, “That could happen to any industry.”

4. Tesla plans to build a humanoid robot prototype, says Elon Musk

Elon Musk, CEO of Tesla, said Thursday the electric vehicle maker plans to build a humanoid robot called the Tesla Bot that aims to eliminate “dangerous, repetitive and boring tasks.” Musk, who made the announcement during Tesla’s AI Day, said the company “will likely have a prototype that looks like this next year” while standing on stage near a human actor wearing a white robotic bodysuit. Musk is known for making predictions about upcoming Tesla products or initiatives that, if at all, will not arrive on its original schedule. Tesla shares were about 0.5% higher in pre-trading on Friday. On its AI Day, Tesla also unveiled plans for a custom chip for use in its data centers.

5. NATO will try to speed up evacuations from Afghanistan, says an official

A handout photo received on August 17, 2021 from Twitter via @Bw_Einsatz shows evacuees from Afghanistan arriving in an Airbus A400 transport aircraft belonging to the German Air Force in Tashkent, Uzbekistan.

Marc Tennessohn | via Reuters

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Dow bounces greater than 200 factors on Friday, however nonetheless heads for dropping week

Dow bounces more than 200 points on Friday, but still heads for losing week

Major U.S. stock averages rebounded Friday while markets remained on track for a losing week driven by fears of the Federal Reserve pulling back its stimulus.

The Dow Jones Industrial Average gained about 220 points, or 0.6%. The S&P 500 added 0.6%. The tech-heavy Nasdaq Composite rose 0.7%.

Technology stocks traded in the green Friday, providing the market with support. Microsoft, Cisco and Salesforce were among the biggest gainers in the Dow as investors snapped up tech stocks amid concerns about slowing economic recovery. Chip stocks rose, with Nvidia among the Nasdaq’s top winners.

Tesla shares inched higher after Elon Musk’s electric car maker had an AI day, where it unveiled a new custom chip and plans to build a humanoid robot. The stock is down more than 5% this week as investors worried about growth in China, one of the electric vehicle maker’s key markets.

This week, WTI crude oil has tumbled more than 8%, taking energy stocks with it. Diamondback Energy and Valero Energy are down roughly 10% and 9%, respectively, on the week.

All three major stock indexes are on track to close the week lower. The S&P 500 is down 0.8% for the week, while the Dow is off 1.1% and the Nasdaq Composite is 1.2% lower.

Minutes from the Fed’s July meeting released this week showed the central bank is willing to start reducing its monthly asset purchases this year. Investors sold equities and commodities this week and bought bonds on fears the move by the Fed may upend a global economy already under stress by the delta variant.

“With Fed tapering coming while delta variant keeps spreading, the transition away from liquidity/policy regime to more mid-cycle markets means we may experience a bumpier ride ahead,” Barclays equity strategists said in a note. “Market narrative may thus turn more cautious, as concerns about peaking growth rates, Delta variant and policy mistake may prove headwinds, at a time where seasonality and technicals are unfavourable.”

Stock picks and investing trends from CNBC Pro:

—CNBC’s Pippa Stevens contributed reporting.

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Your Friday Briefing – The New York Instances

Your Friday Briefing - The New York Times

How has your sense of Afghanistan’s future changed over the year?

I was in Afghanistan early in 2003, and in those days, there was virtually no insurgency. There was this very heady optimism about where the country was headed — gender equality, rights for girls and women, people being able to participate in an open and representative political process.

Over the years we adjusted our expectations, and over time we came to expect that, well, that was all a pipe dream, but at least what we can hope for is a compromised sort of democracy, with corruption and all sorts of issues. There’s been a lot of progress in the last 20 years in Afghanistan, and that gave me hope. And of course, over the last couple of years, those hopes have declined. And in the last few days, they have been utterly crushed.

What should people be reading to better understand Afghanistan and Afghan people right now?

They should be reading history books. They should be reading people who really know Afghanistan and know it well. A lot of people have relied on my books to kind of get a view into what Afghanistan is, and that’s fine, but I have never intended for my books to be representative of what Afghan life is. I hope people dig much deeper than that and read history books and learn more about Afghanistan in that way.

But there has been an uptick in demand for your books. Is there anything you want people to know who are picking up one of them for the first time?

These are stories. This is the perspective of someone who has lived in exile, essentially since 1980. I’ve always been very careful about making sure that people don’t mistake me for some kind of Afghan ambassador or Afghan representative. I haven’t lived there in a long time.

But I do have a perspective, and I have a deep affection and a deep emotional connection with the people there, with the land, with the culture, with the history and the heritage. I hope my books provide a little bit of insight on what Afghanistan is, beyond the usual story lines.

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5 issues to know earlier than the inventory market opens Friday, Aug 13

5 things to know before the stock market opens Friday, Aug 13

Here are the top news, trends, and analysis investors need to start their trading day:

1. S&P 500 stock futures slightly higher, Dow closes on records

Matteo Colombo | DigitalVision | Getty Images

Stock futures were slightly higher on Friday, the day after the Dow Jones Industrial Average and S&P 500 closed again at all-time highs. The 30-strong Dow rose 14.88 points on Thursday to end the trading day on a record 35,499.85. The broad S&P 500 gained 0.3% to close at a record high of 4,460.83. The indices enter the Friday session by 0.8% and 0.6% respectively for the week. The Nasdaq Composite was up 0.3% on Thursday, down 0.1% on the tech-heavy index this week. The benchmark 10-year government bond yield was slightly lower on Friday, falling 2 basis points to 1.344%.

2. Disney stocks rise after better than expected earnings

Visitors walk along Paradise Gardens Park during Touch of Disney at Disney California Adventure in Anaheim, California on Thursday, March 18, 2021.

MediaNews Group / Orange County Register via Getty Images | MediaNews Group | Getty Images

Shares in the Dow component Disney rose more than 5% in early trading on Friday as Wall Street cheered the media and entertainment giant’s third-quarter financial results. Disney’s quarterly revenue of $ 17.02 billion surpassed analyst expectations of $ 16.76 billion, while earnings per share of 80 cents exceeded forecasts of 55 cents, according to Refinitiv. The company’s flagship streaming service, Disney +, ended the quarter with 116 million subscribers, more than the 114.5 million analysts expected in a StreetAccount poll. Disney’s Parks, Experiences and Products division also posted a profit in the third quarter, the first since the coronavirus pandemic began early last year.

3. FDA approves booster vaccination against Covid for people with weakened immune systems

A nurse gives the Covid-19 vaccine at a baseball game on August 5, 2021 in Springfield, Missouri. According to the latest figures from the state health department, just over 4 in 10 Missourians have received the Covid-19 vaccine.

Spencer Platt | Getty Images

The Food and Drug Administration approved booster coronavirus vaccines for people with compromised immune systems late Thursday. The final go-ahead for these third Pfizer-BioNTech or Moderna vaccinations would come from the Centers for Disease Control and Prevention. The agency’s vaccine advisory committee is due to meet on Friday and make a recommendation. Should this be approved by the CDC, booster vaccinations could be given immediately to immunocompromised people, providing those at risk with further protection from Covid. Cancer and HIV patients as well as organ transplant recipients are eligible.

While the FDA stressed that other fully vaccinated people are currently “adequately protected”, said Dr. White House chief medical officer Anthony Fauci said Thursday that it was “likely” that everyone will need a booster shot on the street.

4. Airbnb shares fall after warning of delta ramifications

John MacDoughall | AFP | Getty Images

Airbnb’s shares fell more than 3% in the premarket on Friday as investors digested the travel company’s second-quarter results and its warning of the potential impact of the Covid Delta variant. Revenue of $ 1.34 billion, according to Refinitiv, surpassed analyst projections of $ 1.26 billion, while the company lost 11 cents per share. Airbnb reported a 29% increase in nights and experiences booked compared to the previous quarter’s 83.1 million, while StreetAccount was forecasting 79.2 million. While Airbnb expects third-quarter revenue to be higher than ever, a letter to shareholders said concerns about the Delta option are likely to affect travel behavior.

5. USA sends 3,000 soldiers to evacuate embassy personnel in Afghanistan

Afghan security forces stand guard at a checkpoint in the Guzara district of Herat province, Afghanistan, July 9, 2021.

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The Pentagon will send 3,000 troops to Afghanistan to help evacuate US embassy personnel in the Afghan capital, Kabul, as the Taliban advance into the city. “This is a very closely focused mission to ensure the orderly reduction of civilian personnel from Afghanistan,” Pentagon spokesman John Kirby said on Thursday. The US still expects to fully withdraw all troops by August 31, Kirby said, as part of the process to end America’s longest war that began after the September 11, 2001 attacks. According to Reuters, the Taliban took control of the second and third largest cities in Afghanistan on Friday. As of August 6, the Taliban have taken control of 14 of the country’s 34 provincial capitals.

– Reuters contributed to this report. Follow the whole market like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

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Inventory futures are flat after Dow closes at file Friday

Stock futures are flat after Dow closes at record Friday

A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, August 5, 2021.

Andrew Kelly | Reuters

Stock futures were flat in overnight trading Sunday after the Dow Jones Industrial Average notched a record close Friday following a stronger-than-expected jobs report.

Futures on the Dow added 2 points, or 0.01%. S&P 500 futures edged 0.06% lower and Nasdaq 100 futures dipped 0.13%.

U.S. senators reconvened Sunday to work toward the passage of a $1 trillion infrastructure bill, a top political priority of President Joe Biden. The Senate is slated to hold another key procedural vote late Sunday and vote on final passage Tuesday. The bipartisan package is expected to have sufficient Republican support to pass in the Senate and move to the House for consideration in September.

The moves in futures trading came after the Dow rose 144.26 points, or 0.4%, to close at an all-time high of 35,208.51. The S&P 500 rose 0.17% to reach its own record close of 4,436.52. The Nasdaq Composite bucked the trend, dipping 0.4% to 14,835.76. All three major indexes ended the week higher and saw their second positive week in three.

The Labor Department jobs report Friday showed the U.S. economy added 943,000 jobs in July. Economists expected 845,000 new jobs last month, according to Dow Jones estimates. The unemployment rate dropped to 5.4%, below the expectation of 5.7%.

“You saw a lot more jobs being created in those areas that are reopening — restaurants, hotels, logistics, transportation,” Raymond James Chief Investment Officer Larry Adam said. “That’s a good sign. I think that puts more spending power behind the consumer going forward and I think that that’s ultimately a good thing for the economy.”

The signs of a strong economic recovery could prompt the Federal Reserve to pull back its monetary support measures and prepare to begin tapering its bond-buying program.

“If it does continue to this magnitude, that probably does bring the Fed a little sooner into the game when it comes to tapering,” Adam said.

The yield on the benchmark 10-year Treasury note jumped as high as 1.3% after the better-than-expected jobs report. The 10-year yield this summer has pulled back significantly from its highs in March, when it neared 1.8%.

The financial sector led gains Friday as rates edged up, increasing banks’ profitability prospects. Industrials, retailers and energy stocks also moved higher as the strong jobs report eased concerns about the economic recovery.

Meanwhile, technology stocks retreated after the jump in rates. Rising rates discount the value of future earnings and therefore can hit growth stocks like technology names particularly hard.

Investors are awaiting key inflation data scheduled for release this week. The consumer price index and the producer price index are scheduled to come out Wednesday and Thursday, respectively.

Several Fed officials are scheduled for speaking appearances in the week ahead, with investors listening with a close ear for insights into the central bank’s tapering decision making. Atlanta Fed President Raphael Bostic, Richmond Fed President Thomas Barkin, Chicago Fed President Charles Evans and Kansas City Fed President Esther George are all set to speak this week.

Companies including Tyson Foods, AMC Entertainment, Coinbase, Lordstown Motors, Bumble, Palantir, Disney, Airbnb and DoorDash are set to report quarterly earnings this week.

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5 issues to know earlier than the inventory market opens Friday, Aug. 6

5 things to know before the stock market opens Friday, Aug. 6

Here are the top news, trends, and analysis investors need to start their trading day:

1. Dow futures, bond yields rise after strong job data

A trader works on the floor of the New York Stock Exchange (NYSE) in New York on August 5, 2021.

Andrew Kelly | Reuters

2. The number of people employed outside agriculture was higher than expected in July

Economists polled by Dow Jones were looking for 845,000 new jobs and a headline unemployment rate of 5.7%. The decline in the unemployment rate looked even stronger when you consider that the labor force participation rate rose to 61.7%, the highest level since the pandemic broke out in March 2020. Wages were also stronger, with the average hourly wage rising 0.4% in July.

3. United Airlines requires vaccines for its 67,000 US employees

United Airlines pilot Steve Lindland receives COVID-19 vaccine from RN Sandra Manella at the United on-site clinic at O’Hare International Airport in Chicago, Illinois on March 9, 2021.

Scott Olson | Getty Images

United Airlines will require its 67,000 US employees to be vaccinated against Covid by October 25th or risk being fired, a first for major US airlines that is likely to put pressure on rivals. Airlines, including United, have opposed vaccine mandates for all workers and instead offered incentives such as extra pay or time off for vaccination. Delta Air Lines started asking newly hired employees to provide proof of vaccination in May. United followed suit in June.

4. The White House supports senators pushing for stricter crypto reporting rules

The White House got into a controversial battle for rival $ 1 trillion crypto changes to the infrastructure bill, a little out of the blue. The dispute revolves around a provision in the bipartisan bill that raises money through stricter tax rules for cryptocurrency transactions. The White House wrote in a statement late Thursday that “the amendment proposed by Senators Warner, Portman and Sinema strikes the right balance and takes an important step forward to promote tax compliance”.

5. JPMorgan quietly reveals access to half a dozen crypto funds

A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York.

Andrew Burton | Reuters

JPMorgan Chase, led by Bitcoin skeptic Jamie Dimon, began giving its wealth management clients access to six crypto funds last month. On Thursday, financial advisors allowed private banking clients to invest in a new Bitcoin fund created with crypto firm NYDIG, according to people who know about the move. The fund is almost identical to one that NYDIG offers to clients of rival bank Morgan Stanley, people said. Late last month, JPMorgan launched access to four funds from Grayscale Investments and one from Osprey Funds.

– Follow the whole market like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

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Transport disaster strikes Black Friday purchasing amid Europe, China floods

Shipping crisis strikes Black Friday shopping amid Europe, China floods

TOPSHOT – The aerial photo shows an area in the Blessem district of Erftstadt on July 16, 2021, which was completely destroyed by the flooding.

SEBASTIEN BOZON | AFP | Getty Images

The 2021 Christmas shopping season could be impacted by out of stock and shipping delays as recent floods in Europe and China exacerbate already tight global supply chains.

Western Europe and the Chinese province of Henan – an important transport hub and headquarters of several large companies – are grappling with the aftermath of devastating floods.

The disasters damaged railways in both regions, which are used to deliver goods and raw materials. Water entered industrial areas and damaged facilities, machinery and warehouses, supply chain industry companies told CNBC.

“Black Friday and the holiday season for which products (and raw materials) are staged will have the brunt of the impact,” Pawan Joshi, executive vice president of supply chain software company E2open, told CNBC in an email.

“Consumer electronics, dorm furniture, clothing and appliances will all continue to be in short supply as shopping starts early in school and enters the main Christmas shopping season,” he said.

Delays in the distribution of raw materials needed to manufacture goods will have a cascading effect and disrupt supply chains “for weeks and months,” Joshi said.

The flood has the potential to take another blow to the auto industry, which is already suffering from a semiconductor shortage.

Pawan Joshi

Executive Vice President, supply chain software company E2open

Several companies, including Germany’s largest steel manufacturer Thyssenkrupp, have declared force majeure. A force majeure event occurs when unforeseeable circumstances, such as natural disasters, prevent a party from fulfilling its contractual obligations and release it from sanctions.

Some of the industries hardest hit by the floods include automobiles, technology and electronics, according to those CNBC spoke to.

Car production started again after lack of chips

Auto production is likely to be affected by production delays as many of the world’s largest automakers and their suppliers are based in the flood-ravaged regions.

“The flood has the potential to take another blow to the auto industry, which is already suffering from a semiconductor shortage,” said Pawan.

Production facilities in Germany, the Netherlands, Luxembourg and Belgium are expected to bear the brunt of the flood damage, supply chain risk management company Everstream told CNBC via email. Many suppliers that provide specialty parts for the automotive, technology and aerospace industries are based there, said Shehrina Kamal, vice president of Intelligence Solutions at Everstream.

“When the floods receded, most major highways and roads were expected to be cleared this past weekend,” she said.

“Given that some companies have issued profit warnings and even declared acts of God, the effects of the flood are likely to drag on through supply chains for several weeks,” concluded Kamal.

Zurich-based company Klingelnberg, which makes transmission components, warned that the damage to its Hückeswagen plant in Germany could affect its sales targets for 2021.

Disruption of copper is bad news for electronics

The floods could also disrupt supplies of copper, which is used in many products from electronics to electric vehicles.

Flood-hit Henan Province in China is a major center of copper production, said Vivek Dhar, a commodities analyst with the Commonwealth Bank of Australia.

Copper prices rose sharply last week on delivery concerns, he said, as Henan has seen strong growth in copper smelting in recent years.

“Hopes for copper demand are linked to the rebuilding of damaged infrastructure in central China. China’s electricity sector is a particularly strong driver of copper demand,” Dhar wrote in a note last week.

In Europe, Aurubis GmbH – a provider of high-precision copper wires for the electronics and electrical appliance industries – declared force majeure in the case of deliveries after extensive floods in their plant, according to Everstream Analytics.

Read more about China from CNBC Pro

Meanwhile, in Henan’s capital, Zhengzhou, the disruption could hit a wide range of industries, from automotive to pharmaceuticals to biotechnology, said Ryan Seah, APAC intelligence analyst at Everstream.

“Zhengzhou is a major transportation hub and one of the most important cities in China along the Belt and Road Initiative,” said Seah, referring to China’s gigantic infrastructure plan that spans several countries and continents. He added that the city is home to 91 China-listed companies and a variety of sectors.

Zhengzhou is also home to a large factory operated by Hon Hai Precision Industry, also known as Foxconn. It is the world’s largest assembly plant for Apple’s iPhones. Foxconn previously told CNBC that it had “activated an emergency plan for flood control measures at this location.”

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5 issues to know earlier than the inventory market opens Friday, July 30

5 things to know before the stock market opens Friday, July 30

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Stocks to open lower, but July still tracking for gains

Traders at the New York Stock Exchange, July 20, 2021.

Source: NYSE

Wall Street is set to open lower on the final trading day of July as investors got three Dow stock earnings reports and another reading on inflation to digest. Nasdaq futures were leading the way down Friday, with a decline of more than 1% as Amazon shares fell nearly 7% in the premarket after its first revenue miss in three years. The Dow Jones Industrial Average and S&P 500 hit all-time highs during Thursday’s trading and broke two-day losing streaks. But they failed to top Monday’s record closes. The Nasdaq advanced modestly, but still finished about 0.4% away from its latest record close on Monday. All three stock benchmarks were tracking for solid monthly gains.

2. Fed’s favorite inflation gauge slightly below estimates

A child passes by the Marriner S. Eccles Federal Reserve Board Building on Constitution Avenue, NW, on Monday, April 26, 2021.

Tom Williams | CQ-Roll Call, Inc. | Getty Images

The Federal Reserve’s favorite inflation gauge came in slightly below expectations for June. The Commerce Department’s latest core personal consumption expenditures price index rose 3.5% on a year-over-year basis, up slightly from May’s advance, which was the fastest pace since the early 1990s. At the conclusion of its July meeting on Wednesday, the Fed noted “progress” on inflation and employment goals, which was seen as a signal that changes to easy-money policies, particularly monthly bond buying, could be on the way. Central bankers made no adjustments to asset purchases and near-zero interest rates.

3. Mixed stock reactions from Dow companies’ earnings

Gas prices nearing $5.00 a gallon are displayed at Chevron and Shell stations on July 12, 2021 in San Francisco, California.

Justin Sullivan | Getty Images

Dow stock Chevron just reported a second straight profitable quarter as improving demand for petroleum products and a jump in oil prices boosted operations. The company also reinstated its share repurchase program. The oil giant earned an adjusted $1.71 per share on $37.6 billion in revenue, both topping estimates. Shares rose about 1.5% in the premarket. Exxon, no longer a Dow stock, also beat estimates with earnings and revenue. Shares rose in the premarket.

Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020.

Luke Sharrett | Bloomberg | Getty Images

Caterpillar, another Dow component, dropped nearly 2.5% in Friday’s premarket, despite the heavy equipment maker saying it earned an adjusted $2.60 per share on nearly $12.9 billion in revenue. The industrial bellwether has been benefiting from higher infrastructure spending around the globe.

Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California.

Mario Tama | Getty Images

Procter & Gamble on Friday topped estimates with quarterly earnings and revenue as consumers bought more premium health and personal care products. The Dow stock rose 1% in the premarket. P&G reported a per-share profit of $1.13 on almost $19 billion in revenue. However, the company warned that increasing commodity costs could hit its earnings in the upcoming year.

4. Amazon posts another $100 billion quarter but still misses

Boxes move along a conveyor belt at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., on Monday, June 21, 2021.

Rachel Jessen | Bloomberg | Getty Images

Amazon said second-quarter revenue grew by 27% year over year to more than $113 billion, the third $100 billion quarter in a row but actually a slower pace of growth from the blistering 41% advance in the year-ago period. The e-commerce and cloud giant reported Q2 earnings per-share of $15.12, which exceeded expectations. Looking ahead, Amazon warned about lower sales numbers and a lower growth rate for the third quarter. The guidance echoed similar warnings from Facebook and Apple, which said this week that revenue growth rates would decelerate from pandemic highs.

5. CDC expected to publish data behind new mask recommendations

U.S. President Joe Biden and Vice President Kamala Harris receive an update on the fight against the coronavirus disease (COVID-19) pandemic as they visit the Centers for Disease Control and Prevention (CDC) in Atlanta, Georgia, March 19, 2021.

Carlos Barria | Reuters

Unpublished CDC data that was the basis for the decision to recommend that fully vaccinated people begin wearing masks indoors again in places with high Covid transmission rates is expected to be released Friday, according to The Washington Post. The internal CDC document, obtained by the Post, reveals that the delta variant is as contagious as chickenpox. It also shows vaccinated people who get infected by delta can spread it just as easily as unvaccinated people. Members of Congress were briefed on the CDC data by Director Rochelle Walensky on Thursday, the Post reported.

— Reuters contributed to this report. Follow all the market action like a pro on CNBC Pro. Get the latest on the pandemic with CNBC’s coronavirus coverage.

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S&P 500 closes Friday decrease as Amazon shares slide, however notches sixth straight optimistic month

S&P 500 closes Friday lower as Amazon shares slide, but notches sixth straight positive month

US stocks fell on Friday amid a decline in Amazon stocks, but the S&P 500 posted its sixth consecutive positive month.

The broad equity benchmark fell 0.5% to 4,395.26, dragged down by the consumer discretionary and energy sectors. The tech-heavy Nasdaq Composite lost 0.7% to 14,672.68. The Dow Jones Industrial Average fell 149.06 points, or 0.4%, to 34,935.47 points.

Amazon fell nearly 7.6% after reporting its first quarterly loss of revenue in three years and giving weaker forecasts. Pinterest fell even further, 18.2%, after losing monthly users in the three months ended June 30.

The major averages finished a solid month, although volatility has increased amid concerns about economic recovery amid the spreading delta variant. The Nasdaq and Dow gained around 1.2% and 1.3% respectively in July, while the broad S&P 500 gained nearly 2.3% over the same period. Utilities, healthcare, real estate and technology stocks led the S&P 500 higher for the month, while energy and financials lagged.

“There has been a fair amount of volatility and price fluctuations in the market over the past few weeks,” said Brian Belski, chief investment strategist at BMO, in a press release. “Heightened concerns about the delta variant and its potential impact on reopening momentum appeared to be a key factor in the price action, while hot topics related to economic growth, earnings and political support also remained an overhang on risk sentiment.”

Investors have digested a key inflation indicator that showed better-than-feared price pressure on Friday. The core price index of private consumption expenditure rose by 3.5% in June compared to the previous year. It marked a sharp acceleration in inflation, but was slightly below the Dow Jones expectation of a 3.6% increase.

Weaker-than-expected values ​​in the US economy further reduced concerns about a withdrawal from the Federal Reserve’s security purchases.

US gross domestic product rose 6.5% on an annualized basis in the second quarter, well below the Dow Jones’ 8.4% estimate. Meanwhile, the latest weekly jobless claims have also been higher than expected.

Fed chairman Jerome Powell noted on Wednesday that while the economy has come a long way since the Covid-19 recession, it still has a way to go before the central bank considers adjusting its monetary policy.

Procter & Gamble stocks rose nearly 2% after the consumer giant beat analysts’ estimates for quarterly earnings and sales. However, the company warned that rising raw material costs could hurt earnings in the coming year.

The stocks of online brokerage Robinhood rebounded just under 1% in volatile trading on Friday after ending their first trading session 8% lower.

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5 issues to know earlier than the inventory market opens Friday, July 23

5 things to know before the stock market opens Friday, July 23

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Wall Street looks to close week with four-session winning streak

Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021.

Brendan McDermid | Reuters

Dow futures rose more than 150 points Friday, pointing to a strong end of the week at Wall Street’s open and what could be four straight positive sessions after Monday’s major plunge. The Dow Jones Industrial Average, the S&P 500 and the Nadsaq were pacing for weekly gains. The Nasdaq was leading the way with an advance of nearly 1.8% over the past four days. All three are also within 1% of their latest record closes, on July 12.

Dow stock American Express rose about 4% in the premarket after the credit giant reported quarterly earnings and revenue that best estimates. Shares of Honeywell International, also a Dow stock, increased modestly in the premarket after the industrial company beat estimates with quarterly earnings and revenue. Honeywell also raised its outlook. A quarter of the way through earnings season, Wall Street is headed toward the best profit growth in over a decade. 

In the bond market, the 10-year Treasury yield, which moves inversely to price, ticked higher Friday, trading at about 1.3% after hitting a 5½-month low of nearly 1.13% earlier this week. July purchasing managers’ manufacturing and services indexes are out at 9:45 a.m. ET.

2. Snap, Twitter soar while Intel drops on quarterly results

The Snapchat application on a smartphone arranged in Saint Thomas, Virgin Islands, U.S., on Friday, Jan. 29, 2021.

Gabby Jones | Bloomberg | Getty Images

Tech stocks rose in Friday’s premarket, with shares of Snap surging 16% after the social media company surprised analysts with a quarterly profit, earning an adjusted 10 cents per share. Revenue also exceeded projections. Snap late Thursday reported higher-than-expected daily user metrics as well as an upbeat revenue forecast.

The Twitter logo is displayed on a smartphone screen on April 14, 2021.

NurPhoto | NurPhoto | Getty Images

Shares of Twitter rose 5% in premarket trading after the company late Thursday beat estimates by 13 cents with adjusted quarterly profit of 20 cents per share. Revenue topped forecasts as ad sales surged 87% from a year earlier. Twitter also gave an upbeat current quarter revenue forecast.

Intel’s logo is pictured during preparations at the CeBit computer fair.

Fabian Bimmer | Reuters

Dow stock Intel fell almost 2% in Friday’s premarket, the morning after the company issued a forecast that disappointed some investors and said the global chip shortage could last well into 2023. Intel did exceed estimates with quarterly earnings of $1.28 per share. Revenue also surpassed projections.

3. Delta variant is one of the most infectious respiratory diseases ever, CDC director says

Critical care workers insert an endotracheal tube into a coronavirus disease (COVID-19) positive patient in the intensive care unit (ICU) at Sarasota Memorial Hospital in Sarasota, Florida, February 11, 2021.

Shannon Stapleton | Reuters

The delta variant, dominant in the U.S., is one of the most infectious respiratory diseases ever seen, warned the director of the Centers for Disease Control and Prevention. The variant is highly contagious, largely because people infected with delta can carry up to 1,000 times more virus in their nasal passages than those infected with the original coronavirus strain, according to new data. The latest seven-day average of new Covid cases was up 65%, while deaths fell 7% in the same time frame to 250 per day.

4. IOC says all possible Covid safety measures have been taken

A view of the Olympic rings in Tokyo ahead of the Tokyo 2020 Olympic Games in Japan.

Danny Lawson | PA Images | Getty Images

With the Tokyo Olympics officially underway Friday, after a one-year delay, the International Olympic Committee said organizers have done all they can do, based on expert Covid recommendations, to ensure a safe games. The IOC was responding to criticism that it’s using “cheap measures” and ignored advice. Reuters reported that 11 athletes have tested positive for the coronavirus since July 2, while Olympic-related infections, including officials and media, were over 100. Earlier this week, World Health Organization chief Tedros Adhanom Ghebreyesus said, “The mark of success is making sure that any cases are identified, isolated, traced and cared for as quickly as possible, and onward transmission is interrupted.”

5. NFL warns teams about Covid outbreaks among unvaccinated players

General view of the NFL Shield logo on the field before Super Bowl LV between the Tampa Bay Buccaneers and the Kansas City Chiefs at Raymond James Stadium.

Kim Klement | USA TODAY Sports | Reuters

The National Football League plans to operate as normal as possible for the 2021 season and told teams they would forfeit games and lose money if Covid outbreaks occur due to unvaccinated players. In a memo obtained by CNBC, the NFL informed team executives and head coaches that it doesn’t plan to reschedule games due to outbreaks as it did during the 2020 season. Instead, the league wrote that “postponements will only occur if required by government authorities, medical experts, or at the discretion” of NFL Commissioner Roger Goodell. The league’s hard stance on postponing games will also protect network partners who just agreed to a media deal worth more than $100 billion.

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Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.