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5 things to know before the stock market opens on Friday

5 things to know before the stock market opens on Friday

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

1. Earnings in the second quarter after the first week of stock futures flat

US stock futures Basically flat on Friday morning, The last day of trading in the first week of the second quarter earnings report. Dow Futures imply an opening up about 35 points, while futures Standard & Poor’s 500 Index with Nasdaq Has not changed much. A day ago, the Dow Jones Industrial Average rose 53.79 points, or 0.15%, to close at 34,987.02. The Standard & Poor’s 500 Index and the technology-based Nasdaq Index fell 0.33% and 0.7%, respectively. The 30-stock Dow Jones Index rose for the fourth consecutive week. However, the Nasdaq is expected to break the eight-week winning streak, and the S&P 500 is expected to break its three-week winning streak.

Wall Street will learn about Americans’ recent spending habits at 8:30 am Eastern Time, when the US Department of Commerce will release June retail sales data. According to Dow Jones data, economists expect retail sales to fall by 0.4%. In May, the decline in retail sales exceeded Wall Street’s expectations.

Major US banks focused on their earnings reports this week. Looking forward to the beginning of next week, IBM Is scheduled to report on Monday, and Netflix, United Airlines with Chipotle The results are scheduled to be announced on Tuesday.

2. Yellen expects more “rapid inflation” before the cooling begins

Financial Secretary Janet Yellen Told CNBC on Thursday that she expected “There are still months of rapid inflation,” Before price pressures start to fade. “I’m not saying this is a one-month phenomenon. But I think in the medium term, we will see inflation fall back to normal levels. But, of course, we have to pay close attention to it,” Yellen said after the market closed on Thursday. Tell CNBC’s Sara Eisen in an aired interview.

Both the latest consumer price index and producer price index released earlier this week were higher than Wall Street’s expectations, indicating that the recovery of inflation during the recovery of the US pandemic still exists in June.

Yellen said that in the hot real estate market, this is “very different” from the real estate bubble that burst before and after the 2008 financial crisis. However, she said: “I do worry about affordability and rising housing prices will put pressure on first-time home buyers or families with lower incomes.”

3. Biden said the United States will issue a warning to companies about the “deterioration” of the situation in Hong Kong

4. According to the Wall Street Journal, Intel is negotiating to acquire GlobalFoundries for approximately US$30 billion

Shares Intel After the Wall Street Journal reported on the semiconductor company, Friday’s pre-market trading rose about 0.6%. Negotiating to acquire GlobalFoundries About 30 billion U.S. dollars. The newspaper quoted people familiar with the matter as saying that a potential deal between Intel and the US chip maker may not be realized. GlobalFoundries is owned by Mubadala Investment Company, the sovereign wealth fund of the United Arab Emirates. It is said that Has been exploring the blockbuster IPO.

Intel plans to invest billions of dollars in construction under the leadership of the new CEO Pat Gelsinger Two chip factories in Arizona And start a new foundry department. As an influential company in the history of Silicon Valley, Intel has been lagging behind Asian competitors such as TSMC in recent years.

5. Los Angeles County restores regulations on wearing masks indoors

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