Morning Briefing: S&P 500 posts best first half in 23 years
![Morning Briefing: S&P 500 posts best first half in 23 years](https://ussnsimg.moomoo.com/16248722263338-77777014-web-f39f03e48da5fe5e.jpg/bigmoo)
By Jimmy
Good morning moomooers! Here are things you need to know before the opening bell:
- U.S. stock futures were higher in early morning trading on Thursday as investors gear up for the second half of 2021.
- Stocks making the biggest moves in the premarket: Nio Inc, Marin Software, Adamis Pharmaceuticals&more
Market Snapshot
U.S. stock futures were higher in early morning trading on Thursday as investors gear up for the second half of 2021.
Dow futures rose 59 points. S&P 500 futures and Nasdaq 100 futures were both in mildly positive territory.
![Source: Bloomberg](https://ussnsimg.moomoo.com/3754177962846847843.jpg/bigmoo)
Crypto
The two top cryptocurrencies by market capitalization - $Bitcoin (BTC.CC)$and $Ethereum (ETH.CC)$- were down 4.38% and 6.88% at $33,291 and 2,108 respectively over 24 hours.
Bitcoin and Ether head for worst second-quarter on record for the world's No. 1 and 2 crypto.
Bitcoin and Ether's second-quarter performances are shaping up to be one for the history books. At least, in the relatively thin annals of the world's most prominent crypto, which was staring down the barrel at the worst second-quarter performance in their history, going back to records from 2010, according to Dow Jones Market Data.
Bitcoin and Ether's second-quarter performances are shaping up to be one for the history books. At least, in the relatively thin annals of the world's most prominent crypto, which was staring down the barrel at the worst second-quarter performance in their history, going back to records from 2010, according to Dow Jones Market Data.
![Source: moomoo](https://ussnsimg.moomoo.com/6826138421300801826.png/bigmoo)
Premovers
Stocks making the biggest moves in the premarket: Nio Inc, Marin Software, Adamis Pharmaceuticals&more
$NIO Inc (NIO.US)$Nio announced its upcoming Nio Power Day event on July 9. There, investors are hoping for a stock-juicing update around its battery technology. Analyst Jeff Chung just raised his price target on NIO stock to $72 while maintaining a "buy" rating.
$Marin Software (MRIN.US)$Marin Software stock rises again in Thursday's premarket session driven by Reddit-driven momentum. The company has gained 181% this week.
$Adamis Pharmaceuticals (ADMP.US)$Adamis Sends Letter to Stockholders Regarding Its Strategic Focus on Tempol as a Potentially Potent Treatment for COVID; Urges Stockholders to Elect the Company's Highly-Qualified Directors at the July 16th Annual Meeting
Top News
Fed's Kaplan says time to start paring bond buying aid soon
Federal Reserve Bank of Dallas leader Robert Kaplan reiterated his view that it will soon be time for the U.S. central bank to slow the pace of its $120 billion a month in bond buying stimulus, a process he expects to go smoothly.
Japan manufacturing sentiment highest in 2.5 years
Sentiment among Japan's large manufacturers rose to the highest level in 2 1/2 years during the second quarter thanks to a recovering global economy.
Riksbank holds policy, still expects 0% key rate into 2024
Sweden's central bank said it still expects the key repo rate to remain at 0% in the years to come, with updated forecasts showing the repo rate remaining unchanged throughout its forecast horizon that runs to the third quarter of 2024.
FASB leans toward requiring disclosure of supply-chain financing
The Financial Accounting Standards Board, the U.S. standard-setter, aims to issue a proposal for a new rule on companies' programs by the end of the year.
Stock markets cruise to records in first half, but investors grow uneasy
The Dow and S&P 500 closed the first half of the year with double-digit percentage gains, despite risks of inflation and stocks being priced to perfection.
U.S. crude-oil inventories decline more than expected
U.S. inventories of crude oil fell by 6.7 million barrels to 452.3 million barrels, remaining about 6% below the five-year average and dropping more than analysts' expectations of decline of 3.6 million barrels
Tight capacity on shipping lines brings record rates, delays
U.S. retailers are facing high prices and scrambling for scarce space on vessels ahead of the holiday shopping season.
S&P 500 has the second-best start of a year since 1998
Mid-Year Recap: Movers in the US market
Mid-Year Recap: Here are the best and worst Biopharma stock performers
What is Enterprise Value – EV?
Earnings Calendar for July (AAPL, KO, NFLX, JPM)
Market Snapshot: This market trend suggests a weak summer
Key Events This Week
![Morning Briefing: S&P 500 posts best first half in 23 years](https://ussnsimg.moomoo.com/1624874402895-77777014-web-8ee6b29f6e6eea9a.png/bigmoo)
![Morning Briefing: S&P 500 posts best first half in 23 years](https://ussnsimg.moomoo.com/1624874406089-77777014-web-6cd76dbdbeb3a2a8.png/bigmoo)
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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