First Look
Futures are pointed slightly higher Friday morning ahead of the July jobs report. Cryptos are rallying, with Ethereum surging 5.5%. Nonfarm payrolls are expected to have added 250,000 jobs in July, slowing from June's addition of 372,000 jobs. The unemployment rate is expected to remain steady at 3.6%. Block (SQ) is down 6.35% in pre-market trading despite edging out earnings and revenue estimates as the company reported a 34% drop in Bitcoin revenue on Cashapp and missed gross payment volume estimates. Lastly, Virgin Galactic (SPCE) is down 15.51% after posting a wider-than-expected loss per share and delaying its launch to the second quarter of 2023. The Dow Jones is up 0.21%, the S&P is up 0.12%, the Nasdaq is up 0.05%.
Today's Sentiment
NeutralQuote of the Day
This is your moment. You're meant to be here.
Herb Brooks
Daily Action Trade
Stocks on the Move
Higher
Lower
Upgrades & Downgrades
Upgrades
Downgrades
International Markets
Stocks in Asia are up. The Shanghai SE Composite Index is up 1.19%, the Nikkei 225 is up 0.87%, the Australia ASX All Ordinaries is up 0.59% the Mumbai Sensex is up 0.15% and the Hang Seng is up 0.14%. In Europe stocks are mixed. The DAX is up 0.11%, the FTSE 100 is down -0.09%, the Euro Stoxx 50 is down -0.21% and the CAC 40 is down -0.35%.
Futures & Currencies
Energy futures are down today. The price for West Texas Intermediate crude oil is down -0.51 at 88.03 per barrel. Brent crude is down -0.36 at 93.76 per barrel. Natural Gas is down -0.12 at 8. Precious metals are mixed this morning. Gold is down -3.17 at 1788.11 per ounce. Platinum is up 13.16 at 944.39 while silver is down -0.07 at 20.05. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound. Bitcoin is up 1.99% to $23,395.93 while Ethereum is up 5.83% to $1,716.07.
Put/Call Ratio
Yesterday, 1,655,329 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 916,851 put contracts. The single-session put/call ratio was 0.55.
Today's Economic Calendar
No. | What's Happening? | Period | Release Time |
---|---|---|---|
1 | Avg. Hourly Earnings | Jul | 08:30 ET |
2 | Nonfarm Payrolls | Jul | 08:30 ET |
3 | Unemployment Rate | Jul | 08:30 ET |