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5 Things You Should Know Before The Stock Market Opens Friday, July 9th – News


Here are the most important news, trends and analyses that investors need to start a trading day:

1. Dow to recover some of the losses on Thursday’s sale

A trader on the floor of the New York Stock Exchange.

Source: NYSE

Dow futures bounced off Approximately 200 points on Friday, the day after a major sale on Wall Street.The· Dow It lost 259 points (0.75%) on Thursday and ended about 1% away from Friday’s record closing price. During the session on Thursday, the average of 30 shares fell by 536 points.The· S & P 500 And Nasdaq Also, the low price of the day was finished, The withdrawal from the record on Wednesday will end.. All three stock benchmarks were expected to fall in a week. Concerns over slowing economic growth due to the spread of Covid Delta variants hurt sentiment on Thursday, with investors buying bonds for their perceived security and lowering yields.

2. Treasury yields for 10 years bounce off February lows

Bond yieldIt rose on Friday, inversely proportional to the price.The· 10-year government bond yield Later exceeded 1.34% Thursday drops to 1.25% To a level not seen since February. The 10-year yield in March reached a 14-month high of 1.78% at the time. It started in 2021 with less than 1%. Treasury yields have generally risen over the past week, rising from last week’s Covid era lows, accelerating Thursday due to concerns about delta variants, and an unexpected surge in first-time unemployment claims last week. It is declining.

3. Biden signing executive order to crack down on Big Tech

US President Joe Biden will talk about the situation in Afghanistan from the East Room of the White House in Washington, DC, on July 8, 2021.

Sole Robe | AFP | Getty Images

The White House will be announced on Friday New executive order It aims to crack down on anti-competitive practices in Big Tech, labor and many other sectors. A drastic order, including 72 actions and recommendations involving 12 federal agencies, aims to reshape the mindset on corporate integration and antitrust law, CNBC. Iran Mui report. “The urge for this executive order is around where we can totally intensify competition,” White House Chief Economic Advisor Brian Deese said in an exclusive interview.

4. Pfizer is developing a Covid booster that targets delta variants

New Yorkers over the age of 12 were vaccinated on June 13, 2021 at St. Anthony of the Padua Roman Catholic Church in Bronx, New York City, United States.

Tayfun Coskun | Anadolu Agency | Getty Images

Pfizer And BioNTech The third shot of the current double-dose vaccine, while believing that it can maintain the “highest level” of protection against all currently known variants, is already the predominant form of disease in the United States, the delta variant. We are developing a Covid booster shot aimed at targeting. , Enterprise “Be vigilant” We are working on an updated version of the vaccine. The announcement on Thursday announced that the Olympic organizers would ban all fans from the game this year after Japan declared a state of emergency in Tokyo to curb a new wave of Covid infections.

5. Wells Fargo tells its customers that it has closed all personal credit lines

On a rainy morning in Washington, a man passed a branch of Wells Fargo Bank.

Gary Cameron | Reuters

Wells Fargo Plans to discontinue popular consumer loan products, Offend some customers.. Banks will close all existing personal credit lines and stop offering products in the coming weeks, according to a customer letter reviewed by CNBC. Rotary credit lines, which allow users to borrow between $ 3,000 and $ 100,000, typically consolidate high interest rate credit card debt, pay for home renovations, and overdraft fees for linked checking accounts. It was suggested as a way to avoid. Wells Fargo is still recovering from the aftermath of the 2016 fake account scandal.

— Follow all market behavior like a pro CNBC Pro..Get the latest pandemic information at CNBC Coronavirus Coverage..

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