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Live Stock Financial Podcast. What are you watching on the market?
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Wall Street Today | Flat Market To Finish Wild Week

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Moomoo Recap US joined discussion · Aug 10 04:36
Wall Street Today | Flat Market To Finish Wild Week
The S&P 500 tried to hold on to Thursday gains. The Dow Jones Industrial Average and Nasdaq joined the S&P 500 gaining ground but remained just below their Monday drops.
Just past 4 pm ET the   $S&P 500 Index (.SPX.US)$ climbed 0.47%, the     $Dow Jones Industrial Average (.DJI.US)$ climbed 0.13%, and the   $Nasdaq Composite Index (.IXIC.US)$ climbed 0.51%.
MACRO
Friday brought no major macroeconomic news, and investors look forward to next week when PPI and CPI inflation data comes out.
Thursday in macro, initial jobless claims came in at 233k, lower than 250k last month. Monday, this week's macro data came in the form of S&P PMI at 54.3 vs 55 estimated and ISM PMI at 51.4.
Meanwhile, last week's macro numbers pointed to a rush of unemployment. The numbers showed non-farm payrolls dropped from the month before, the economy only added 114k jobs vs 175k forecast and 179k in June, according to the Bureau of Labor Statistics. The unemployment rate in July rose to 4.3%, compared to 4.1% last month. The Federal Reserve has looked extensively at the labor market as an indicator of its monetary policy and appetite for rate cuts, and they left rates unchanged Wednesday.
SECTORS
Oil futures ended higher on Friday and snapped a streak of four straight weekly declines, finding support as worries over the U.S. economic outlook eased and traders braced for potential retaliatory strikes by Iran and its proxies against Israel after the assassination of a top Hamas official in Tehran last week.
Wall Street Today | Flat Market To Finish Wild Week
West Texas Intermediate $Crude Oil Futures(FEB5) (CLmain.US)$ rose 65 cents, or 1%, to finish at $76.84 a barrel on the New York Mercantile Exchange, posting a weekly gain of 4.5%.
MOOVERS
Eli Lilly   $Eli Lilly and Co (LLY.US)$ climbed a further 5% Friday after a Thursday Q2 earnings beat, boosted by demand for the company's Mounjaro diabetes treatment and weight-loss drug Zepbound. The stock had climbed 8% Thursday, and the firm raised its guidance after pulling in $3B from weight loss drugs in the quarter.
Akami   $Akamai (AKAM.US)$  climbed 9% after the firm reported Q2 earnings above estimates; the cloud computing and security firm was the highest gaining stock on the S&P 500.
Shares of Expedia Group   $Expedia (EXPE.US)$  were trading 10% higher Friday after reporting an earnings beat despite weak guidance and warnings about demand. It was one of the highest gainers in the S&P 500.   $Airbnb (ABNB.US)$  fell 13% after reporting weak demand earlier in the week.
$Intel (INTC.US)$ Intel fell 3% further Friday, after hitting a 52-week low in price Wednesday. Thursday, it informed conference attendees it would postpone its Innovation 2024 conference in September.
Unity Software posted a narrower quarterly loss Thursday night after it cut research, sales, and marketing expenses.   $Unity Software (U.US)$  climbed 8% Friday.
$Sweetgreen (SG.US)$  Sweetgreen posted earnings that showed it was selling more salads, and losing less money. The stock jumped 33% Friday, despite a $14.5M loss for the quarter.
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Word from the herd: Mooers, what are you watching?
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See this link for more information.
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