Trish: Stocks Set To Open Lower Amid Fresh Fears Of Lockdowns

U.S. stock futures suggested the market would open in the red on Tuesday as investors feared governments around the world will soon impose more lockdowns to fight the pandemic. Gold rose for the fifth day in a row as investors sought a safe haven.

Investors will be watching a virtual town hall meeting on Tuesday, featuring Federal Reserve Chairman Jerome Powell as a speaker. The markets are still looking for clues about when and if the Fed will begin its tapering process. 

Elsewhere, retail sales came in worse-than-expected for the month of July — declining 1.1.% versus the anticipated 0.3% drop. (Story continues below.)

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Equities

U.S. stock futures dropped in premarket trading on concerns over the potential for renewed lockdowns. 

Level Chg. Chg. %
DOW Futures 35,339.00 -195 -0.55%
S&P 500 Futures 4,454.50 -19.5 -0.44%
Nasdaq Futures 15,079.00 -55 -0.36%

 

U.S. Dollar and Treasuries

U.S. Treasury yields dropped significantly as investors anticipate a shift in monetary policy. The yield on the 10-year Treasury dropped five basis points. The dollar strengthened against a basket of major currencies. 

Price Chg. Chg. %
U.S. Dollar Index (DXY): 92.76 +0.13 (+0.14%)

 

Yield Change Previous close
U.S. 1 Year Treasury Bill 0.070% -0.005 0.075%
U.S. 2 Year Treasury Note 0.205% -0.004 0.209%
U.S. 5 Year Treasury Note 0.730% -0.036 0.765%
U.S. 10 Year Treasury Note 1.228% -0.048 1.276%
U.S. 20 Year Treasury Bond 1.793% -0.032 1.826%
U.S. 30 Year Treasury Bond 1.898% -0.035 1.933%

 

Stocks To Watch

A healthcare device company NanoVibronix reported favorable earnings results for the second quarter of 2021. The company’s revenue increased 18% to $318,000. The stocks recently moved up as the company launched an innovative pain-management device PainShield. 

S0ftware company and crypto-miner Powerbridge released new updates on its crypto mining deals. The company has announced it will enter into a partnership with Cryptodigital Holdings to acquire Bitcoin and Ethereum mining services. 

Fintech company LM Funding America reported its earnings results for the three and six months ended June 30, 2021. The company reported $11.1 million in Q2 earnings. Its cash position increased to $22.2 million from $11.6 million in December 2020. 

 

Symbol Price Chg. Chg. % Volume
NanoVibronix Inc NAOV $3.68 +0.3500 +10.51% 2.27M
LM Funding America LMFA $5.67 +1.070 +23.26% 1.44M
Powerbridge PBTS $1.69 +0.1800 +11.92% 1.24M

 

Commodities To Watch

Oil dropped on weak demand from Asia, even as OPEC+ snubbed U.S. requests for more production. Gold strengthened for the fifth day in a row. 

Price Chg. %
WTI Crude Oil $66.84 -0.67%
Brent Crude Oil $69.15 -0.52%
Natural Gas $3.88 -1.75%
Gold $1,794.90 0.28%
Silver $23.86 $0.00
Copper $4.28 -1.20%
Soybeans $1,369.25 0.07%

 

Crypto

Crypto markets fell in the last 24 hours. Peter Thiel’s crypto platform Bitpanda raised $263 million in a recent round of funding, putting the company’s valuation at $4.1 billion. 

 

Global cap global cap chg.%
$2.03T -0.85%

  

Symbol Price Chg. % Market Cap.
Bitcoin BTC $46,882.85 -1.33% $880.88b
Etherium ETH $3,258.76 -0.94% $380.38b
Cardano ADA $2.09 -3.30% $65.27b
Ripple XRP $1.21 -5.83% $53.24b
Dogecoin DOGE $0.3330 -3.79% $43.58b

 

 

 

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