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Inventory futures maintain regular forward of an enormous week of Large Tech earnings

Stock futures hold steady ahead of a huge week of Big Tech earnings

Traders working on the New York Stock Exchange (NYSE) today, Wednesday, April 21, 2021.

Source: NYSE

Stock futures opened little changed after major averages closed the previous session with record closing highs and a busy week ago with earnings reports from the tech’s biggest hits.

The Dow Jones Industrial Average was down 5 points, or 0.01%. S&P 500 and Nasdaq 100 futures were down 0.03% and 0.01%, respectively.

In the previous session, the Dow rose 238.20 points, or 0.68%, to 35,061.55. The S&P 500 gained 1.01% to 4,411.79 and the Nasdaq Composite rose 1.04% to 14,836.99.

All three major averages closed at record highs last week after markets slumped earlier in the week on concerns about the spread of the Delta variant of Covid and the potential hindrance to economic recovery. Uncertainty caused bond yields to decline briefly and investors moved into tech stocks. Both bonds and stocks rallied quickly by the end of the week.

Tech stocks rose last week on better-than-expected earnings reports for the second quarter as well as the continued proliferation of the Delta variant. Twitter and Snap both rose Thursday after better-than-expected earnings reports for the second quarter. Twitter finished 3% higher on Friday while Snap shot up 24%.

One of the busiest weeks with results reports is on deck next week, and Tesla is kicking off after the closing bell. Last week, CEO Elon Musk said the automaker would likely accept bitcoin for vehicle purchases again.

Big tech giants Apple, Alphabet and Microsoft will be reporting on Tuesday, and Google, Facebook and Amazon will be reporting later in the week as well.

Investors will follow the Fed’s two-day monetary policy meeting starting Tuesday. The Federal Reserve Open Market Committee and Board of Governors are expected to issue a policy statement on Wednesday. On Thursday the Ministry of Commerce will publish the GDP data for the second quarter.

On Monday morning, the US Department of Housing and Urban Development will release new data on home sales and the Federal Reserve Bank of Dallas will release its monthly business activity index for Texas manufacturing.

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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.

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

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.

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5 issues to know earlier than the inventory market opens Friday

5 things to know before the stock market opens Friday

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

1. Stock futures rise as June retail sales beat expectations

Michael Nagel | Bloomberg | Getty Images

US stock futures were higher on Friday morning, the final day of trading in the first week of earnings reports for the second quarter. Dow futures implied an opening gain of more than 70 points, while futures for the S&P 500 and Nasdaq were also in the green. A day earlier, the Dow Jones Industrial Average rose 53.79 points, or 0.15%, to close at 34,987.02. The broad S&P 500 and tech-heavy Nasdaq lost 0.33% and 0.7%, respectively. The 30-strong Dow is on track for its fourth consecutive positive week. The S&P 500 and Nasdaq are well on their way to breaking three-week winning streaks.

Retail sales in June exceeded forecasts and rose 0.6%, the Commerce Department said on Friday morning. According to the Dow Jones, economists expected a decline of 0.4%. Retail sales fell more sharply than Street forecast in May.

This week’s earnings reports were highlighted by the major US banks. Looking ahead to the beginning of next week, IBM is due to report on Monday, while Netflix, United Airlines and Chipotle Mexican Grill will publish the results on Tuesday.

2. Yellen expects further “rapid inflation” before the slowdown sets in

Treasury Secretary Janet Yellen speaks during a daily press conference in the James Brady Press Briefing Room of the White House May 7 in Washington, DC.

Alex Wong | Getty Images

Treasury Secretary Janet Yellen told CNBC she expected “inflation to accelerate for several months” before price pressures abate. “I’m not saying this is a one-month phenomenon. But I think in the medium term inflation will return to normal levels. But of course we have to keep a close eye on it,” Yellen told CNBC’s Sara Eisen in an interview that came after the Closing Bell aired on Thursday.

The latest consumer and producer price indices, released earlier this week, surpassed Wall Street’s expectations and showed that inflation persisted during the US economy’s pandemic rebound in June.

In the hot real estate market, this is a “completely different phenomenon” from the real estate bubble that burst around the 2008 financial crisis. However, she said, “I am concerned about affordability and the pressures that higher house prices are putting on families who are first buying a home or have lower incomes.”

3. Biden says the US will warn companies that the Hong Kong situation is “getting worse”

U.S. President Joe Biden stops at the Green Road Community Center in Raleigh, North Carolina, the United States, on Jan.

Jonathan Ernst | Reuters

The US plans to warn American companies about “what can happen” in Hong Kong as the Chinese government continues to exert influence over the semi-autonomous region, President Joe Biden said Thursday. Biden said the situation in Asia’s financial center was “worsening” and criticized Beijing for “failing to honor its commitment” to the former British colony, which returned to Chinese rule in 1997. Reuters reported that the Biden government has launched a round of sanctions against Chinese government officials for their role in cracking down on democracy in Hong Kong.

The planned measures by the Biden administration reflect the ongoing tensions in US-China relations, which were frosty even under then-President Donald Trump.

4. Intel in talks to acquire GlobalFoundries for approximately $ 30 billion, WSJ reports

The Intel logo is displayed outside of the Intel headquarters in Santa Clara, California.

Justin Sullivan | Getty Images

Intel’s shares rose about 0.6% in early trading on Friday after the Wall Street Journal reported the semiconductor company was in talks to acquire GlobalFoundries for about $ 30 billion. But the newspaper, citing people familiar with the matter, reported that Intel’s potential deal for the US chipmaker may not materialize. GlobalFoundries, owned by Mubadala Investment Company, a UAE sovereign wealth fund, had reportedly been looking into a blockbuster IPO.

Under the leadership of the new CEO Pat Gelsinger, Intel plans to invest billions in the construction of two chip factories in Arizona and put a new foundry unit into operation. As an influential company in Silicon Valley history, Intel has lagged behind Asian competitors such as Taiwan Semiconductor Manufacturing Company in recent years.

5. LA County reinstates the mandate for inner masks

A son hugs his mother as a concession worker hands out napkins and lemonade at the AMC Theater in the Westfield Century City Shopping Center in Los Angeles, California on Monday, March 15, 2021.

Bing Guan | Bloomberg | Getty Images

Los Angeles County, the largest county in the country, is demanding that people return to wearing face masks indoors as the number of coronavirus cases, fueled by the highly transmissible Delta variant, increases. The mandate, which also applies to people vaccinated against Covid, comes into force on Saturday before midnight.

LA County dropped its mask requirement for fully vaccinated individuals about a month ago, coinciding with the state of California lifting most of the pandemic-era restrictions. The district health officer, Dr. Muntu Davis said Thursday he is now seeing “significant community broadcast”. The majority of cases are recorded in people who have not received the Covid vaccine.

Overall coronavirus cases in the United States have increased recently as public health officials around the world are concerned about the Delta variant.

Correction: In an earlier version, the Nasdaq winning streak was misrepresented. It’s been three weeks.

– The Associated Press contributed to this report. Follow all market activity like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

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5 issues to know earlier than the inventory market opens Thursday, July 8

5 things to know before the stock market opens Thursday, July 8

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

1. Dow to drop 500 points as Covid concerns resurface

Traders work on the floor of the New York Stock Exchange.

Brendan McDermid | Reuters

Dow futures on Thursday fell nearly 500 points, or more than 1.3%, in a broad premarket decline as Japan declared a state of emergency in Tokyo for the upcoming Summer Olympics and as countries deal with a rebound in Covid cases due to variants. Futures tied to the S&P 500 and Nasdaq also dropped about 1.3% each.

Thursday’s selling came one day after Wall Street’s rally had resumed, with the S&P 500 and Nasdaq finishing at record high closes. The Dow Jones Industrial Average ended 0.3% shy of Friday’s record close.

2. 10-year Treasury yield falls on global economic growth worries

Investors rotated into the perceived safety of bonds Thursday, pushing the 10-year Treasury yield below 1.26% to the lowest since late February. Bond yields move inversely to prices.

  • Despite the strengthening economy and hotter inflation, the 10-year yield continues to decline.
  • It began July around 1.58%. It hit a then-14-month high of 1.78% in March.
  • It began 2021 at less than 1%.

In another look at the recovery in the labor market, the government Thursday morning said initial jobless claims for last week totaled a worse-than-expected 373,000. That’s up slightly from the upwardly revised pandemic-era low the previous week. The level of continuing claims decreased to 3.34 million, down 145,000 from the previous week’s revised level.

3. Tokyo to go under state of emergency ahead of Olympics

The logo of Tokyo 2020 is displayed near Odaiba Seaside Park in Tokyo on July 7, 2021, as reports said the Japanese government plans to impose a virus state of emergency in Tokyo during the Olympics.

Kazuhiro Nogi | AFP | Getty Images

Just two weeks before the Tokyo Olympics, Japan’s prime minister on Thursday announced the state of emergency for the capital city due to rising Covid infections. The order goes into effect this coming Monday and through Aug. 22. That means the Olympics, opening on July 23 and running through Aug. 8, will be held entirely under emergency measures. While fans from abroad were banned months ago, Olympics officials had recently set venue limits at 50% capacity for local spectators. However, the state of emergency could force another change in the fan policy.

4. Global coronavirus deaths top 4 million as delta variant spreads

Two women walk next to graves of people who passed away due to the coronavirus disease (COVID-19) at the Parque Taruma cemetery in Manaus, Brazil May 20, 2021.

Bruno Kelly | Reuters

The global death toll from Covid exceeded 4 million late Wednesday as infections worldwide crossed 185 million, according to data compiled by Johns Hopkins University. In recent months, many countries are battling a surge in Covid infections due to the spread of the more transmissible delta variant, which first emerged in India. The delta strain now accounts for more than half of new Covid cases in the U.S. The World Health Organization has said that delta is the “fastest and fittest” variant yet, and health experts have warned it could undermine efforts to contain Covid even as vaccination campaigns are underway around the globe.

5. States bring new antitrust suit against Google over app store

The logo of Google Play is seen on a screen.

Alexander Pohl | NurPhoto | Getty Images

State attorneys general are again going after Google with an antitrust lawsuit, this time alleging the Alphabet unit abused its power over app developers through its Play Store on Android. The case marks the fourth antitrust lawsuit lodged against the company by U.S. government enforcers in the past year. By focusing on the Play Store, the latest lawsuit touches on an aspect of Google’s business that is most similar to Apple’s App Store. The App Store has become embattled in legal challenges and drawn lawmaker questions over whether it unfairly charges developers for payments through their apps by customers and whether it favors its own apps over those of its rivals.

— The Associated Press 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.

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.

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5 issues to know earlier than the inventory market opens Friday, July 9

5 things to know before the stock market opens Friday, July 9

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

1. Dow to recover some of the losses in Thursday’s sell-off

Traders on the floor of the New York Stock Exchange.

Source: NYSE

Dow futures bounced more than 200 points Friday, one day after a broad sell-off on Wall Street. The Dow lost 259 points, or 0.75%, on Thursday, finishing roughly 1% away from last Friday’s record close. The 30-stock average had been down as much as 536 points during Thursday’s session. The S&P 500 and Nasdaq also ended off their lows of the day, retreating from Wednesday’s record closes. All three stock benchmarks, as of Thursday’s close, were on track to finish lower for the week. Concern about a slowdown in economic growth, due to the spread of the Covid delta variant, hurt sentiment Thursday, with investors buying bonds for their perceived safety and driving yields lower.

2. 10-year Treasury yield bounces off February lows

Bond yields, which move inversely to prices, rose Friday. The 10-year Treasury yield was back above 1.34% after falling Thursday as low as 1.25% to levels not seen since February. The 10-year yield hit a then-14-month high of 1.78% in March. It began 2021 at less than 1%. Treasury yields have generally been falling over the past week, with declines accelerating Thursday on delta variant worries and an unexpected jump in first-time filings for jobless claims for last week, rising from the previous week’s Covid-era lows.

3. Biden to sign executive order to crack down on Big Tech

US President Joe Biden speaks about the situation in Afghanistan from the East Room of the White House in Washington, DC, July 8, 2021.

Saul Loeb | AFP | Getty Images

The White House is expected to announce Friday a new executive order aimed at cracking down on anti-competitive practices in Big Tech, labor and numerous other sectors The sweeping order, which includes 72 actions and recommendations that involve a dozen federal agencies, is intended to reshape the thinking around corporate consolidation and antitrust laws, CNBC’s Ylan Mui reported. “The impulse for this executive order is really around where can we encourage greater competition across the board,” the White House’s chief economic advisor, Brian Deese, told Mui in an exclusive interview.

4. Pfizer is developing a Covid booster to target delta variant

12 years and older New Yorkers are getting vaccinated at the St. Anthony of Padua Roman Catholic Church in Bronx of New York City, United States on June 13, 2021.

Tayfun Coskun | Anadolu Agency | Getty Images

Pfizer and BioNTech are developing a Covid booster shot intended to target the delta variant, already the dominant form of the disease in the U.S. While they believe a third shot of their current two-dose vaccine can preserve the “highest levels” of protection against all currently known variants, the companies are “remaining vigilant” and working on an updated version of the vaccine. Thursday’s announcement came the same day Olympics organizers said they’re banning all fans from the games this year after Japan declared a state of emergency for Tokyo to curb a wave of new Covid infections.

5. Wells Fargo tells customers it’s shuttering all personal lines of credit

A man walks past a Wells Fargo Bank branch on a rainy morning in Washington.

Gary Cameron | Reuters

Wells Fargo plans to end a popular consumer lending product, angering some of its customers. The bank is shutting down all existing personal lines of credit in the coming weeks and no longer offers the product, according to customer letters reviewed by CNBC. The revolving credit lines, which typically allow users to borrow $3,000 to $100,000, were pitched as a way to consolidate higher-interest credit card debt, pay for home renovations, or avoid overdraft fees on linked checking accounts. Wells Fargo is still recovering from the aftermath of its 2016 fake accounts scandal.

— 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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Inventory futures are flat after market sell-off

Stock futures are flat after market sell-off

Traders on the floor of the New York Stock Exchange.

Source: NYSE

Stock futures were flat in overnight trading on Thursday after major indices fell on concerns over slowing economic growth.

Futures on the Dow Jones Industrial Average lost 25 points, or 0.07%. S&P 500 futures and Nasdaq futures were each down 0.10%.

Thursday’s losses came as the spread of the highly contagious Delta-Covid variant also fueled concerns over the global economic recovery. The Olympics announced a ban on spectators for the Tokyo Summer Games when Japan declared a state of emergency to curb the spread of the coronavirus.

The Dow closed Thursday’s regular session 259.86 points, or 0.75% lower. The S&P 500 lost 0.86% while the Nasdaq broke its four-day winning streak, down 0.72%.

All three major averages are on track to close lower for the week.

Stocks of companies tied to the economic comeback weighed on the market on Thursday. Large cruise lines, airlines, and home improvement stocks plummeted. Chip stocks also fell, and big tech names fell after rising in previous sessions.

“[T]The market continues to consider what to do after spikes in growth and the Fed will turn the tap (which has not necessarily happened yet) and ahead of a profitable season in Q221 starting next Tuesday, “Goldman Sachs’ Chris Hussey said in a statement on Thursday .

The latest unemployment claims report, released Thursday, also indicated a potential slowdown in the labor sector as first-time applicants for unemployment benefits unexpectedly rose to 373,000 in the week ending July 3. According to the Dow Jones, economists wanted 350,000 initial applications.

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Inventory futures drop after S&P 500, Nasdaq notch recent data

Stock futures drop after S&P 500, Nasdaq notch fresh records

People walk by the New York Stock Exchange on April 15, 2021 in New York City.

Spencer Platt | Getty Images

Futures contracts tied to the major U.S. stock indexes fell in early morning trading Thursday after both the S&P 500 and Nasdaq Composite closed at records.

Dow futures dropped 369 points. Contracts tied to the S&P 500 and Nasdaq 100 were both in negative territory.

The moves in futures came after a positive regular session for U.S. markets on Wednesday.

The S&P 500 rose 0.3% to an all-time high of 4,358.13, while the Dow Jones Industrial Average advanced 104.42 points to 34,681.79. The technology-heavy Nasdaq Composite closed just above its own flatline to eke out a record close.

Popular internet and technology stocks again outperformed the broader market on Wednesday as investors bought equity in companies that prioritize growth instead of the reopening names in the energy and retail sectors that proved popular in the first half of the year.

Apple, Microsoft and Amazon — up 1.8%, 0.8% and 0.5% on Wednesday — are each up by double-digits over the last month. While traders have cited several reasons for the shift back into Big Tech, most mention a marked decline in bond yields when discussing the move.

The downshift in the benchmark 10-year Treasury note yield continued Wednesday, when the rate fell to 1.296%, its lowest level since February. Higher yields reduce the value of future earnings relative to current earnings, meaning that the appetite for growth stocks tends to rise when rates fall.

“The 40 basis point decline in the yield on the benchmark 10-year Treasury note since late-March suggests that the global grab for yield remains a potent force, despite the Fed’s desire to let the economy run hot,” Steven Ricchiuto, U.S. chief economist at Mizuho Securities, wrote on Tuesday.

“A stronger currency, increased virus concerns oversea, and the associated demand for long-term Treasury notes and bonds implies reduced inflation expectations and increased risk of importing global deflation,” he added.

Looking ahead to Thursday’s session, investors will pore over the Labor Department’s latest jobless claims figures. The weekly update offers Wall Street regular insight into the pace of layoffs in the U.S. economy, which has been declining amid the Covid-19 vaccine rollout.

Economists expect to see 350,000 first-time applicants for unemployment benefits for the week ended July 3, according to Dow Jones.

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5 issues to know earlier than the inventory market opens Wednesday, June 30

5 things to know before the stock market opens Wednesday, June 30

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

1. Wall Street will close the first half of 2021 with solid profits

Traders on the floor of the New York Stock Exchange, June 25, 2021.

Source: NYSE

US stock futures were flat on Wednesday, a day after the S&P 500 and Nasdaq hit record highs again. The Dow Jones Industrial Average, which was up more than 100 points early Tuesday, closed slightly higher and stayed around 1.4% off its record high in early May. The 10-year government bond yield ticked lower on Wednesday, trading around 1.46% on better-than-expected ADP job data.

At the beginning of the last day of June and the first half of the year, the S&P 500 led the most important benchmarks with an increase of 14.3% since the beginning of the year. The Nasdaq gained 12.7% over the course of the year. The Dow was up 12% in 2021, although it has lagged recently, seeing a slight monthly decline. The S&P 500 and the Nasdaq rose in June. All three benchmarks saw solid gains in the second quarter.

2. Bed Bath & Beyond’s revenues are impacted by turnaround costs

Shoppers exit a Bed Bath & Beyond store in New York.

Michael Nagel | Bloomberg | Getty Images

Bed Bath & Beyond shares rallied in the premarket on Wednesday after the retailer reported mixed results for the first quarter. Sales exceeded estimates, but profits were missed. Costs related to the company’s turnaround efforts, including marketing expenses, weigh on margins. The company raised its full-year sales forecast ahead of the important back-to-school shopping season. Stocks of Bed Bath & Beyond, which saw some strength in meme stock trading earlier this month, rose 68% at the close of trading on Tuesday in 2021.

3. Three companies will make their public debuts

A logo of the ride-hailing giant Didi Chuxing can be seen on a building in Hangzhou in the eastern Chinese province of Zhejiang.

STR | AFP | Getty Images

Didi Global is expected to start trading on the New York Stock Exchange on Wednesday after setting its IPO at $ 14 per share and raising $ 4.4 billion. That gives the China-based ride-hailing company an initial valuation of about $ 73 billion.

Digital advertising company Taboola will be launched on Wednesday following its merger with ION Acquisition Corp. 1, a special purpose vehicle for acquisitions, to start trading on Nasdaq. The SPAC transaction will raise $ 526 million when completed.

Clear, number 19 on CNBC’s Disruptors 50 list this year, is expected to trade on the NYSE on Wednesday after valuing its initial public offering of $ 31 per share and raising more than $ 400 million. Clear, known for its frequent flyer identification service, introduced the Health Pass during the Covid pandemic.

4. ADP publishes strong June private employment report

People walk past a Help Wanted sign in the Queens borough of New York City on June 4, 2021 in New York City.

Spencer Platt | Getty Images News | Getty Images

ADP reported Wednesday that U.S. company jobs rose 692,000 in June. That easily exceeds estimates. However, in May the value of positions in the private sector, while still strong, was revised significantly down to 886,000. During the Covid pandemic, the ADP report wasn’t a good indicator of what the government’s monthly employment report might be showing. Economists expect Friday’s job data to show that around 700,000 new jobs outside of agriculture were created in June. The country’s unemployment rate is expected to fall to 5.7%. Weekly jobless claims are published on Thursday.

5. When the real estate boom begins to fizzle out, mortgage demand falls

A sign advertising home loans for purchase or refinance with a Bank of America in New York.

Scott Mlyn | CNBC

High home prices are finally starting to take some of the boom out of the Covid-induced real estate boom. Mortgage demand fell 6.9% for the week, according to the Mortgage Bankers Association. That is the lowest level in almost a year and a half. Home purchase mortgage applications fell 5% weekly and 17% annually. That’s the slowest pace since early May 2020 when the lockdowns were in full effect. Refinancing requests decreased by 8% weekly and 15% annually.

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

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5 issues to know earlier than the inventory market opens Friday, July 2

5 things to know before the stock market opens Friday, July 2

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

1. Stock futures rise according to the June job report

Traders work on the floor of the New York Stock Exchange on November 4th. 2020.

NYSE

US stock futures rose Friday morning following the release of the better-than-expected June job report. All major street indices closed on Green Thursday as Wall Street got off to a positive start into the second half of 2021 after a strong first half. The S&P 500 rose 0.5% to 4,319.94, its sixth record high in a row. The Dow Jones Industrial Average added 131 points, ending the session at 34,633.53. The 30-person Dow has risen three sessions in a row and is at its highest level since June 4th. The tech-heavy Nasdaq rose 0.13% to 14,522.38 on Thursday. The key averages are all positive for the week and at the level of their second consecutive weekly gain.

2. The US created 850,000 jobs in June

A company is advertising an Aid sign on April 9, 2021 in Pawtucket, Rhode Island.

Spencer Platt | Getty Images

The number of employees outside the agricultural sector rose by 850,000 in June, the Ministry of Labor said on Friday. The number is better than the 706,000 jobs economists were expecting, Dow Jones estimates. However, the unemployment rate rose to 5.9%, while the projections forecast a decline to 5.6%. Average hourly wages rose 0.33% in June and 3.6% year-on-year; both numbers correspond to the estimates. The Department of Labor’s April and May employment reports fell short of Wall Street’s expectations as companies across all industries said they were having difficulty filling vacancies.

3. Robinhood applies for the highly anticipated IPO

Pavlo Gonchar | LightRakete | Getty Images

In its highly anticipated IPO on Thursday, Robinhood Markets announced that it has 18 million retail clients and more than $ 80 billion in client assets. The free stock trading pioneer said it was profitable in 2020, posting net income of $ 7.45 million on net sales of $ 959 million as the number of accounts funded more than doubled that year. In 2019, Robinhood lost $ 107 million on net sales of $ 278 million.

Robinhood ended the first three months of this year in a loss of $ 1.4 billion, related to the emergency funding it closed during the peak of the Reddit-fueled GameStop madness in January. Revenue for the quarter rose 309% to $ 522 million, compared to $ 128 million in the first quarter of 2020. Approximately 38% of Robinhood’s revenue comes from options trading accounts. Stocks make up 25% of sales, while crypto makes up 17%.

Founded in 2013, the company plans to raise $ 100 million when it goes public. It intends to list on the Nasdaq and trade under the ticker “HOOD”.

4. Virgin Galactic plans to launch Richard Branson on July 11th

Sir Richard Branson stands on the trading floor of the New York Stock Exchange (NYSE) in front of the trading of Virgin Galactic (SPCE) in New York, USA, 28 October 2019.

Richard Branson Virgin Galactic IPO NYSE

Space tourism company Virgin Galactic has scheduled its next test flight for July 11th and company founder Sir Richard Branson intends to be on board. The timing is particularly noteworthy as British billionaire Jeff Bezos plans to launch into space. The Amazon founder and richest person in the world is due to launch his own company Blue Origin on July 20th. Virgin Galactic’s shares rose about 30% in pre-trading hours to about $ 56 each. The planned launch will be Virgin Galactic’s fourth test space flight to date. Branson founded Virgin Galactic in 2004 and the company began trading on the New York Stock Exchange in October 2019.

5. Toyota outperforms GM in the US for the first time in a quarter

A Toyota Tundra pickup truck is seen at a dealership in San Jose, California.

Yichuan Cao | NurPhoto | Getty Images

Toyota Motor sold more vehicles in the US than General Motors in the second quarter. This is the first time the Japanese automaker has done this in a three-month period. On Thursday, Toyota said it had sold 688,813 vehicles in America from April to June, almost ousting GM’s 688,236 vehicles. Toyota’s results exceeded analysts’ expectations; GMs fell short. Toyota may become the best-selling automaker in the US, depending on where Ford’s results come in. GM’s Crosstown rival reported the number on Friday morning, and analysts are forecasting US sales of 645,000 vehicles in the second quarter. The last time GM wasn’t America’s best-selling automaker for a quarter was in the third quarter of 1998 when Ford oversold them, according to Edmunds.

The automotive industry has coped with semiconductor shortages and messed up production schedules at a time when consumer demand for new vehicles was strong. Toyota and other Japanese automakers have weathered the chip crisis better than their US rivals so far.

Correction: The Nasdaq closed at 14.522.38 on Thursday. In a previous version the number was incorrectly specified.

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5 issues to know earlier than the inventory market opens Thursday, July 1

5 things to know before the stock market opens Thursday, July 1

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

1. Stock futures steady after turning in a strong first half of 2021

The New York Stock Exchange welcomes executives and guests of Clear Secure, Inc. (NYSE: YOU), on June 30, 2021, in celebration of its Initial Public Offering.

NYSE

U.S. stock futures were steady Thursday on the first day of the third quarter on Wall Street. Investors hope the second half of 2021 remains as strong as the first half. The Dow Jones Industrial Average on Wednesday rose 210 points, moving within 0.8% of its latest record close in early May. Dow stock Walgreens Boots Alliance rose about 2% in the premarket after the drug store chain reported strong quarterly results and outlook. It also unveiled more details about its turnaround strategy. The S&P 500 on Wednesday ticked higher for its fifth-straight record close. The Nasdaq fell slightly from a record close in the prior session.

2. Wall Street’s June, second-quarter and year-to-date numbers

Wednesday was the last day of June, the second quarter, and the first half of the year.

  • Ahead of the new trading day, the S&P 500 was up 14.4% year to date. The Dow and Nasdaq were each up more than 12% so far in 2021. The S&P 500 and Nasdaq turned in gains for June. The Dow fell modestly. All three benchmarks were up solidly in the second quarter.
  • U.S. oil prices rose around 2.5% on Thursday to above $75 per barrel, the highest level since 2018. As of Wednesday’s settle, West Texas Intermediate crude was up strongly in June and in the second quarter. WTI has risen more than 51% for the year.
  • Bitcoin fell roughly 3% on Thursday but remained above $33,000. The world’s biggest cryptocurrency by market value, which saw an all-time high in April near $65,000 and recent lows below $29,000 last week, closed out the first half of the year down about 47% from its record.

3. Bond yields tick higher after new Covid-era low jobless claims

The 10-year Treasury yield, which began 2021 below 1% and spiked to 14-month highs above 1.77% in March, ticked higher Thursday to around 1.47%. Investors got another read on the U.S. labor market before the bell. After two straight weeks above 400,000, the government reported a lower-than-expected 364,000 new filings for unemployment benefits for last week, a new pandemic-era low. The government releases its June employment report Friday.

4. Krispy Kreme’s IPO prices below expected range, set to debut again

Krispy Kreme doughnuts go into production at the opening of the store at Harrods in London, Britain, October, 3, 2003.

David Bebber | Reuters

Krispy Kreme returns to the public markets Thursday, the morning after pricing 29.4 million initial public offering shares below the expected range at $17 per share. The IPO raised nearly $500 million, valuing the doughnut chain at $2.7 billion. Krispy Kreme, founded in 1937, was taken private by Keurig-owner JAB Holding in a $1.35 billion deal in 2016. It first went public in 2000. The company is set to begin trading Thursday on the Nasdaq under the ticker symbol “DNUT.”

In what was the biggest U.S. listing by a Chinese company since 2014, ride-hailing giant Didi started trading Wednesday morning and ended the day with a valuation of more than $68 billion. A slew of other firms, including Clear Secure and LegalZoom, popped in debuts Wednesday.

5. Trump Organization and its CFO indicted by Manhattan grand jury

Trump Organization chief financial officer Allen Weisselberg looks on as then-U.S. Republican presidential candidate Donald Trump speaks during a news conference at Trump Tower in Manhattan, New York, May 31, 2016.

Carlo Allegri | Reuters

The Trump Organization’s chief financial officer, Allen Weisselberg, surrendered to the Manhattan district attorney’s office on Thursday after a grand jury indicted him and former President Donald Trump’s company in a criminal case over its business dealings. The indictments against the firm and Weisselberg, handed up by a New York grand jury, are expected to be unsealed in court Thursday afternoon in Manhattan, a Trump representative told NBC News. NBC previously reported the charges center around allegations of Weisselberg and other Trump Organization executives receiving benefits without reporting them properly on their tax returns.

— NBC News and 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.