Updated June 10, 2021 at 9:10 a.m. ET
Here’s what we’re watching as Thursday begins trading.
- US stock futures rose after data showed an acceleration in the rate of inflation as the economy left the pandemic.
- Futures for the S&P 500 rose 0.3% and Dow Jones Industrial Average futures rose 0.4%. Contracts for the technology-driven Nasdaq-100 were down 0.1%. Read our full market overview here.
- Bitcoin was trading at $ 37,600, up 3.8% from its level at 5 p.m. ET on Wednesday. The cryptocurrency is still down over 40% from its mid-April high.
- US jobless claims fell to another pandemic lows last week, a sign that companies are reluctant to lay off workers as the economy quickly rebounds.
- Merit is due after closing Chewy CHWY 0.89%
and beyond the air.
Market movers in view
GameStop GME -21.10%
is down 7.5% in pre-trading. The video game retailer said it was considering a new stock offering and announced that the SEC has requested documents and information for its investigation into the recent trading frenzy. It also reported stronger-than-expected sales in the most recent quarter.
GameStop Corp. has hired its executive team as the video game retailer seeks to capitalize on its recent popularity with investors.
Bing Guan / Bloomberg News
Fuel cell energy FCEL -11.31%
Stocks fell 11.6% after reporting a decline in sales last quarter
Klee Health CLOV -11.26%
rose over 7% in the early morning before declining to a 2% increase. The stock was up 88% at the close of trading for the week yesterday.
AMC entertainment AMC -11.06%
4% slipped. The cinema chain fell by over 10% on Wednesday. blackberry,
another stock often discussed on Reddit forums lost 2%.
ContextLogic WISH 0.14%
Shares continued to fluctuate, jumping 4.6% before the bell. On Wednesday they closed 8.9% in high volume trading after rising more than 25% at the start of the session.
Biogen BIIB 3.97%
slipped nearly 1% pre-launch and pulled back after rising more than 40% this week after the FDA approved its Alzheimer’s drug, a long-awaited breakthrough.
- Green bond issuance reached a record $ 270 billion last year and will exceed that amount in 2021, according to data from the Climate Bonds Initiative.
- The benchmark ten-year Treasury yield closed below 1.5%, its lowest level in more than three months, and was dragged down by mild economic data and strong investor demand both in the US and elsewhere.
Chart of the day
- Bankers estimate that IPOs could raise around $ 40 billion in the coming months, more than ever during a summer stretch.
Must have read since you went to bed
Copyright © 2020 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8