The Dow and S&P 500 are fresh off record closes
Futures on the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are on the rise this morning, after both major benchmarks nabbed record closes yesterday, with the former securing its sixth-straight daily win. Nasdaq-100 Index (NDX) futures are rising as well, as investors unpack another round of jobs data. Jobs totaled 198,000 for last week, which is below the anticipated 205,000, and nearing a 52-year low, amid the labor shortage.
Continue reading for more on today's market, including:
- Checking in with Citigroup stock after its recent slump.
- How BBBY was faring ahead of this morning's earnings report.
- Plus, regulations tear into DIDI's revenue; JBLU cancels flights; and MU warns of potential slow-down.
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 1.2 million call contracts traded on Wednesday, and 713,217 put contracts. The single-session equity put/call ratio rose to 0.55, and the 21-day moving average stayed at 0.48.
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China-based DiDi Global Inc (NYSE:DIDI) is down 3.6% pre-market, after the company reported a 1.7% decline in its third-quarter revenue, as regulatory crackdowns weighed. If these losses hold, DIDI is on track for a fresh record low.
- Jetblue Airways Corporation (NASDAQ:JBLU) announced that it was cutting about 1,280 flights through mid January due to a surge in Covid-19 infections amongst its flight staff. Before the bell, JBLU is down 0.6%.
- Micron Technology Inc (NASDAQ:MU) is down 1.4% in electronic trading, after the memory chip maker warned that Covid-19 lockdowns in the Chinese city of Xian could cause delays. Year-over-year, the equity is up 37% coming into today.
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European Markets Eye Yearly Wins
Asian markets saw a mixed settlement on Thursday. The Japanese Nikkei and the South Korean Kospi both fell, dropping 0.4% and 0.5%, respectively. Meanwhile a well-received debut of Chinese artificial intelligence (AI) name SenseTime Group in Hong Kong gave the Hang Seng a 0.1% boost, while the Shanghai Composite in China added 0.6%.
European markets are following the lead of the U.S. exchanges in a so-called "Santa Claus rally" to finish out the year. The German DAX is up 0.2%, the French CAC 40 is 0.3% higher, and the London FTSE 100 is clinging to a 0.02% gain. All three indexes are eyeing sizeable wins for the year.