Futures on the Dow and Nasdaq are up triple digits
Stock futures are higher Thursday, after jobless claims came in below forecasts. According to the Labor Department, first-time filings for unemployment benefits came in at 233,000 last week, well below economists estimates of 240,000. Following the positive sign for the labor market, the 10-year Treasury note bounced back above 3.98%.
Attempting to overcome this week's selloff, futures tied to the Nasdaq-100 Index (NDX) and Dow Jones Industrial Average (DJIA) both sport triple-digit leads, while S&P 500 Index (SPX) futures are also comfortably in the black.
Continue reading for more on today's market, including:
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 1 million call contracts and 763,828 put contracts exchanged on Wednesday. The single-session equity put/call fell slightly to 0.71, while the 21-day moving average remained at 0.66.
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Eli Lilly And Co (NYSE:LLY) is 12.2% higher ahead of the bell, and looking to add to its 48% year-over-year lead after earnings. The
drug maker reported second-quarter earnings and revenue that beat estimates, and hiked its full-year revenue outlook by $3 billion on sales of its diabetes and weight loss drugs.
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Bumble Inc (NASDAQ:BMBL) sports a 40% premarket deficit, after the
dating app company issued worse-than-expected revenue guidance for the third quarter, and reported second-quarter sales of $269 million that were below Wall Street's estimates. Should these premarket losses hold, shares will near a 100% year-over-year loss.
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Dutch Bros Inc (NYSE:BROS) is also experiencing a massive pullback before the open, down 20% after second-quarter results. The
coffee chain operator reported top- and bottom-line figures that bested analysts' expectations, but also said new store openings for this year will be at the lower end of expectations between 150 and 165. BROS is now on track to cross below its year-to-date breakeven mark.
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Japanese Data Keeps Overseas Investors on Their Toes
Asian markets were mixed on Thursday, after Wall Street resumed losses overnight. Japan’s Nikkei paced the laggards with a 0.7% loss, after the country revealed a smaller-than-expected account surplus for June of $10.2 billion, and some Bank of Japan (BoJ) officials leaned toward more interest rate hikes. Elsewhere, South Korea’s Kospi fell 0.5%, China’s Shanghai Composite was flat, and Hong Kong’s Hang Seng settled slightly above breakeven with a 0.08% gain.
European markets are firmly in the red, with stateside losses also taking their toll as investors monitor the earnings docket. London’s FTSE 100 was last seen down 1.1%, France’s CAC 40 is down 1%, and the German DAX carries a 0.5% loss.