U.S. stocks inched higher in Friday morning trading despite fears of slowing growth tied to the Delta variant, a Chinese regulatory crackdown, and increasing concerns over the Fed’s plan to taper bond purchases in 2021. (Story continues below.)
Equities
U.S. stock futures moved higher alongside some safe-haven assets, like gold, the U.S. dollar.
| Level | Chg. | Chg. % | |
| DOW | 34,997.93 | +110.71 | +0.32% |
| S&P 500 | 4,424.03 | +18.23 | +0.42% |
| Nasdaq | 14,634.67 | +95.6 | +0.66% |
U.S. Dollar and Treasuries
U.S. Treasury yields crept up as investors hedged their bets and the dollar strengthened. The ten year note traded at a yield of 1.249%.
| Price | Chg. | Chg. % | |
| U.S. Dollar Index (DXY): | 93.67 | +0.10 | (+0.11%) |
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Stocks To Watch
GeoVax Labs, a biotech company specializing in vaccines and cancer immunotherapies presented data on its ongoing studies of its COVID-19 vaccine. The company presented data on “Design of a Universal SARS-CoV-2 Vaccine Against Evolving Variants” during the European Society of Medicine (ESMED) General Assembly. The media spotlight helped push the stock up, despite getting a negative rating from InvestorsObserver the same day.
Sonnet Biotherapeutics dropped from a retail-investor-driven surge, as shorts stopped covering their positions and retail investors took profits.
Stocks of Naked Brand were up after a favorable article on the Nasdaq blog was released. The blog highlighted that NAKD shareholders earned a 103% return over the last year.
| Symbol | Price | Chg. | Chg. % | Volume | |
| GeoVax Labs Inc | GOVX | $7.37 | +3.070 | +71.40% | 11.90M |
| Sonnet Biotherapeutics | SONN | $0.67 | -0.555 | -45.49% | 5.41M |
| Naked Brand | NAKD | $0.59 | +0.0884 | +17.61% | 4.75M |
Commodities To Watch
Oil continues to fall for a sixth day straight, sinking to the lowest level since May. Investors were concerned about slowing demand and economic growth. Gold strengthened.
| Price | Chg. % | |
| WTI Crude Oil | $62.78 | -1.13% |
| Brent Crude Oil | $65.73 | -1.08% |
| Natural Gas | $3.91 | 2.14% |
| Gold | $1,786.50 | 0.19% |
| Silver | $23.19 | $0.00 |
| Copper | $4.06 | 0.46% |
| Soybeans | $1,320.50 | 0.04% |
Crypto
The global crypto market cap is $2.04T, a 7.07% increase over the last day. Bitcoin’s dominance is currently 43.46%, a decrease of 0.38% over the day.
| Symbol | Price | Chg. % | Market Cap. | |
| Bitcoin | BTC | $46,974.56 | +6.30% | $882.74b |
| Etherium | ETH | $3,208.07 | +7.95% | $374.59b |
| Cardano | ADA | $2.50 | +21.35% | $77.63b |
| Ripple | XRP | $1.24 | +13.11% | $54.66b |
| Dogecoin | DOGE | $0.3184 | +7.63% | $41.69b |
