U.S. futures were down Thursday as investors contemplated the soaring cost of energy. High energy prices could even lead to stagflation, especially in the coming winter.
Investors are also anxious for Thursday’s release of jobless claims and retail sales data. Retail sales are expected to drop as car sales plunge, while jobless claims are expected to increase. Here’s a quick look at data including our stocks to watch below.
U.S. futures moved lower ahead of the U.S. market open.
|S&P 500 Futures||4,464.00||-8||-0.18%|
U.S. Dollar and Treasuries
The yield on the 10-year Treasury crept higher and, the dollar strengthened against a basket of major currencies.
|U.S. Dollar Index (DXY):||92.73||+0.18||+0.20%|
|U.S. 1 Year Treasury Bill||0.073%||-0.001||0.074%|
|U.S. 2 Year Treasury Note||0.217%||0.000||0.217%|
|U.S. 5 Year Treasury Note||0.811%||0.013||0.798%|
|U.S. 10 Year Treasury Note||1.318%||0.016||1.301%|
|U.S. 20 Year Treasury Bond||1.817%||0.014||1.803%|
|U.S. 30 Year Treasury Bond||1.877%||0.013||1.865%|
Stocks To Watch
Leap Therapeutics, a company specializing in immuno-oncology therapeutics, presented updated positive data from the Study of DKN-01. The studies showed that the combination of DKN-01 with tislelizumab and chemotherapy can give positive results for patients with gastroesophageal junction cancers.
Shares of cybersecurity firm, Ironnet, founded by former head of the NSA Keith Alexander, surged after the company presented second quarter financial results. The company doubled its consumer base, while the revenues jumped to $24.1 million from $19.5 million for Q2 2020.
Shares of Offerpad surged amid retail investor interest on social media. The company operates an online real estate marketplace.
Commodities To Watch
Oil prices held above $75 as a drop in U.S. crude inventories and surging gas prices in Europe gave it support. Gold dropped.
|WTI Crude Oil||$72.38||-0.32%|
|Brent Crude Oil||$75.27||-0.25%|
The global crypto market cap is $2.18T, a 1.62% increase over the last 24 hours. Bitcoin’s dominance is currently 41.33%, a decrease of 0.4% in the same period.
|Symbol||Price||Chg. %||Market Cap.|