Netflix lost 10% but is not the only one that fell
Yesterday in late trading U.S. stock futures moved slightly to the upside after an unstable and volatile trading session that gave back earnings from a 4-day winning streak.
Early today, the popular Dow Jones Industrial Average futures increased more than 90 points while the S&P 500 futures rose 0.3% and the technology-driven Nasdaq-100 futures improved 0.6%.
Looking at a weekly review, during the normal trading hours, the Dow gave back more than 130 points, to register its first daily drop in almost a week. The S&P 500 and Nasdaq Composite too dropped 0.3% and 0.7%, respectively. Those declines seem to have occurred due to a diverse delivery of U.S. economic numbers that created some uncertainty among investors.
Initial weekly jobless claims increased by 1.3 million in the week closing July 11. Economists surveyed by Dow Jones anticipated an addition of 1.25 million.
EU stocks lost as ECB remains cautious
The European Central Bank decided yesterday to remain cautious and maintain its interest rates and emergency COVID-19 incentive plan stable. In the meantime, the coronavirus pandemic is still strong and it is pressing on the sentiment while the U.S. reports revealed increasing numbers of new coronavirus cases. Dr. Anthony Fauci a health advisor in the White House went against Trump’s government attempts to question him, describing the campaign as “bizarre” and saying he will not leave his position.
Oil prices remained unchanged today
Oil prices remained stable early today, with increasing skepticism regarding global restoration in fuel requests since new COVID-19 cases mount in many countries. And that happened while primary producers decided to relax production barriers.
U.S. West Texas Intermediate (WTI) crude futures surged 1 cent to $40.76 a barrel while Brent crude futures remained even at $43.37 a barrel.
Gold steadied near the important $1,800 level today
Gold remained close to the important $1,800 level today following a definite decline in the previous trading session, while concerns over increasing COVID-19 cases including U.S.-China tensions pressed its safe-haven demand. Spot gold gained 0.1% at $1,797.52 per ounce while U.S. gold futures lost 0.1% to $1,797.30.