HomeBUSINESSHere are 5 things you need to know before the stock market...
BUSINESS

Here are 5 things you need to know before the stock market opens on Friday, July 2nd

acesparks
By acesparks
- Advertisement -

The most important news, trends and analyzes that investors need to start their trading days are:

1. Stock exchanges before the June wage report

Traders will be trading on Nov. 4 on the New York Stock Exchange floor. 2020.

NYSE

U.S. equities futures were flat on Friday morning and on the eve of the June key job report, which is set for June 8:30. All the street signs ended on a green Thursday as Wall Street started the second half of 2021 on a positive note after a strong six months. The S&P 500 advanced 0.5% to 4,319.94, setting a sixth record in a row. The Dow Jones Industrial Average added 131 points and finished the session at 34,633.53. The 30-share Dow has risen in three of its past four sessions, hitting its highest level since June 4. The tech-enabled Nasdaq rose 0.13% to 4,522.38 on Thursday. The key averages are positive for the week and the pace for second-week earnings.

2. Economists estimate that 706,000 jobs will be created in June

The company will advertise a sign asking for help on April 9, 2021 in Pavtaket, Rhode Island.

Spencer Platt | Getty Images

All attention is focused on the June job report as investors are researching how to save the U.S. labor market from devastation caused by the coronavirus pandemic; is improving more slowly than expected so far. According to Dow Jones, economists expect 706,000 non-farm jobs were added in June and the unemployment rate fell from 5.8 percent to 5.6 percent. The average hourly wage is expected to grow by 0.3% in June and 3.6% for the year. The Department of Labor’s April and May job reports disregarded Wall Street’s expected results.

3. Robinhood files for the much-anticipated initial public offering

Pavlo Gonchar | LightRocket | Getty Images

Unda An expected IPO document on Thursday revealed that Robinhood Markets has 18 million retail customers and more than $ 80 billion in customer assets. The pioneer of free stock trading said it made a profit in 2020, bringing its net income of $ 959 million to $ 7.45 million as the number of its accounts doubled that year. In 2019, Robinhood lost $ 107 million and had a net income of $ 278 million.

Robinhood ended the first three months of this year with a loss of $ 1.4 billion, due to an emergency fundraiser that ended in January at the height of the GameStop rage provided by Reddit. Revenue for the quarter rose 309 percent to $ 522 million, up from $ 128 million in the first quarter of 2020. About 38 percent of Robinhood’s revenue comes from an option trading account. 25% of earnings fall on shares, crypto – 17%.

Founded in 2013, the company plans to raise $ 100 million in its IPO. It is listed on the Nasdaq and plans to trade under the “HOOD” label.

4. Virgin Galactic is planning to launch Richard Branson into space on July 11th

Sir Richard Branson stands on the New York Stock Exchange (New York Stock Exchange) ahead of the U.S. Virgin Galactic (SPCE) trade on October 28, 2019 in New York.

Richard Branson Virgin Galactic IPO NYSE

Space tourism company Virgin Galactic has scheduled its next space flight for July 11, and company founder Sir Richard Branson plans to be on board. The timing is particularly noteworthy, as billionaire Englishman Jeff Bezos was aiming to hit space. The founder of Amazon and the richest man in the world is scheduled to launch it on July 20 with his company Blue Origin. Shares of Virgin Galactic rose about 30% in pre-market trading to $ 56 each. The planned launch will be Virgin Galactic’s fourth test space flight to date. Branson started Virgin Galactic in 2004 and the company began trading on the New York Stock Exchange in October 2019.

5. Toyota beat GM in the U.S. for the first time in the quarter

The Toyota Tundra pickup will be on display at the San Jose Motor Show in California.

Yichuan Cao | NurPhoto | Getty Images

Toyota The engine sold more vehicles in the U.S. in the second quarter than General Motors, indicating that the Japanese automaker was doing it for the first time in three months. On Thursday, Toyota said it sold 688,813 vehicles in the U.S. from April to June, slightly reducing GM’s 688,236 vehicles. Toyota’s results were higher than analysts had expected; GM was short. Depending on where Ford’s results are, Toyota could become the best-selling car manufacturer in the United States. GM’s mutual competitor released the figure on Friday morning, and analysts had forecast sales of 645,000 units in the second quarter. According to Edmunds, the last time GM was the best-selling automaker in the third quarter of 1998 was in a quarter of America.

The automotive industry is managing a shortage of semiconductors, disrupting production schedules at a time when consumer demand for new vehicles is strong. Toyota and other Japanese automakers have so far managed chip failure better than their U.S. competitors.

– Watch all the movements in the market like a pro Acesparks Pro. Get the latest information on the pandemic Coronavirus coverage of Acesparks.

.

- Advertisement -
- Advertisement -
Must Read
- Advertisement -
Related News
- Advertisement -spot_img

ACESPARKS is your news, entertainment, music fashion website. We provide you with the latest breaking news and videos straight from the entertainment industry.

Latest News