U.S. stock futures dropped Thursday as investors worried about global growth and the pace of the economic recovery.
The spread of the Delta variant is taking its toll on the economy, especially due to its impact on global supply chains.
Supply chain disruption has the dual effect of slowing growth and boosting inflation.
U.S. stock futures dropped in premarket trading on growth concerns.
|S&P 500 Futures||4,501.25||-11.25||-0.25%|
U.S. Dollar and Treasuries
U.S. Treasury yields fell as investors fled into safe-havens. The yield on the 10-year Treasury fell one basis point. The dollar weakened against a basket of major currencies.
|U.S. Dollar Index (DXY):||92.56||-0.09||-0.10%|
|U.S. 1 Year Treasury Bill||0.076%||0.004||0.073%|
|U.S. 2 Year Treasury Note||0.220%||0.000||0.220%|
|U.S. 5 Year Treasury Note||0.806%||-0.006||0.813%|
|U.S. 10 Year Treasury Note||1.332%||-0.013||1.344%|
|U.S. 20 Year Treasury Bond||1.869%||-0.012||1.881%|
|U.S. 30 Year Treasury Bond||1.943%||-0.017||1.961%|
Stocks To Watch
Stock of PharmaCyte Biotech is trading higher ahead of the company’s annual Global Investment Conference.
FDA has declined Humanigen’s Emergency Use Authorization request for Lenzilumab to treat hospitalized COVID-19 patients. The stock plummeted as a result. The drug continues to be used in the U.K. and some other countries.
Stocks of Vinco Ventures stabilized after surging more than 34% this week. The stock was pushed up by retail investor interest.
|Vinco Ventures Inc||BBIG||$10.17||-0.05||-0.49%||1.08M|
|PharmaCyte Biotech,PMCB,Humanigen Inc,HGEN,Globalstar Inc,GSAT,Vinco Ventures Inc,BBIG,Cardiff Oncology,CRDF,Soligenix Inc,SNGX,trish, market notes, premarket, premarket notes, markets|
Commodities To Watch
Oil rose as the disruption from Hurricane Ida outweighed concerns over the Delta variant. Gold was steady.
|WTI Crude Oil||$69.75||0.65%|
|Brent Crude Oil||$73.10||0.69%|
Bitcoin stabilized as the crypto markets recovered from El Salvador’s glitched rollout of Bitcoin as the nation’s second currency.
The global crypto market cap is $2.06T, a 9.71% decrease over the last 24 hours. Bitcoin’s dominance is currently 42.55%, an increase of 0.44% in the same period.
|Symbol||Price||Chg. %||Market Cap.|