The Markets at a Glance: US Equity Futures on the Rise; Disney Beats Third Quarter Views

Pre-opened movers

U.S. equity futures traded higher at the start of pre-market trading after markets closed slightly higher in the previous session following the release of jobless claims and producer price data . Investors await the results of DXP Enterprises, Inc. (NASDAQ: DXPE) and Diversey Holdings Ltd (NASDAQ: DSEY).

Import and export price data for July will be released at 8:30 a.m. ET. Analysts expect monthly import prices to rise 0.6% in July after rising 1.0% in June. Export prices are expected to rise 0.8% after rising 1.2% the previous month. The University of Michigan Consumer Confidence Index for August is expected to be released at 10:00 a.m.ET.

Futures on the Dow Jones Industrial Average jumped 46 points to 35,448.00 while futures on the Standard & Poor’s 500 index rose 4 points to 4,458.50. Futures contracts on the Nasdaq 100 index gained 13.25 points to 15,091.75.

The United States has the highest number of COVID-19 cases and deaths in the world, with the total number of infections in the country exceeding 36,306,910 with around 619,090 deaths. India has reported a total of at least 32,117,820 confirmed cases, while Brazil has confirmed more than 20,285,060 cases.

Oil prices traded lower as Brent crude futures fell 0.6% to trade at $ 70.86 per barrel, while US WTI crude futures fell 0.6% to $ 70.86 per barrel. slipped 0.8% to trade at $ 68.53 a barrel. The US supply of natural gas soared 49 billion cubic feet last week, the Energy Information Administration said Thursday. Baker Hughes’ North American rig count report for the past week will be released at 1 p.m. ET.

An overview of global markets

European markets were higher today. The Spanish Ibex index rose 0.3% and the STOXX Europe 600 index gained 0.2%. The French CAC 40 index rose 0.3%, the London FTSE 100 rose 0.4% while the German DAX 30 gained 0.4%. The rate of consumer price inflation in France was confirmed at 1.2% year-on-year in July, while the unemployment rate slipped to 8.0% in the second quarter from 8.1% during the period. former. Wholesale prices in Germany jumped 11.3% year-on-year in July.

Asian markets traded mixed today. Japan’s Nikkei 225 index fell 0.14%, the Hong Kong Hang Seng index 0.48%, while the Chinese Shanghai composite index fell 0.24%. The Australian S & P / ASX 200 gained 0.5% and the Indian BSE Sensex climbed 1%. Total passenger vehicle sales in India rose 14.2% from the previous month to 264,442 units in July. New home sales in Australia fell 20.5% to their lowest level in three months in July.

Broker recommendation

Improved Barclays Upstart Holdings, Inc. (NASDAQ: UPST) equaled overweight and raised the price target from $ 130 to $ 230.

Upstart shares rose 1.6% to $ 181.00 in pre-market trading.

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recent news

  • Walt disney co (NYSE: DIS) on Thursday released bullish results for its third quarter. The company said the number of paying Disney + subscribers rose to 116 million, from 57.5 million a year ago and from 103.6 million reported in the second quarter. Disney’s Parks, Experiences and Products segment generated revenue of $ 4.34 billion, up more than 100% year-over-year.
  • Airbnb Inc (NASDAQ: ABNB) on Thursday posted better-than-expected results for its second quarter. However, the company warned: “In the short term, we expect the impact of Covid-19 and the introduction and spread of new variants of the virus, including the delta variant, will continue to affect overall travel behavior. , including how often and when customers book and cancel. “
  • from China Contemporary Amperex Technology Co Ltd, a battery supplier for Tesla Inc (NASDAQ: TSLA) and Nio Inc (NYSE: NIO), plans to raise up to $ 9 billion in a private placement of shares, Reuters reported.
  • Co-Diagnosis Inc (NASDAQ: CODX) reported positive results for its second quarter.

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