July 29, 2021

5 things to know before the stock market opens on Friday, July 9th

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

1. Dow to recover some losses on Thursday sale

Traders on the floor of the New York Stock Exchange.

Source: NYSE

Dove jumped into the future About 200 points on Friday after a day of widespread selling on Wall Street. The Dove Thursday lost 259 points, or 0.75%, 1% below last Friday’s record. The 30-share average fell to 536 points during Thursday’s session. The S&P500 And Nasdaq Finished the shortest time of the day, Withdrawal from the record closes on Wednesday. All three stock definitions were on track to finish lower in the week. Concerns about the slowdown in economic growth due to the spread of the coveted delta variance hurt sentiment on Thursday, with investors buying bonds for their perceived security and yields falling.

2. 10-year treasury yields will decline from February

Bond yield, Moving in the opposite direction to prices, rose on Friday. The 10 year treasury yield Then was above 1.34% It was down 1.25% on Thursday To levels not seen since February. The 10-year yield hit a 14-month high of 1.78% in March. It started 2021 with less than 1%. Treasury yields have been falling for the past week, with delta variance concerns declining on Thursday and an unexpected improvement in first-time filing for unemployment claims last week, down from the previous week’s govt-era.

3. Biden to sign executive order to break Big Deck

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

Saul Lope | AFP | Getty Images

The White House is expected to announce Friday New executive order The Great Order, which includes 72 actions and recommendations from over a dozen federal organizations aimed at curbing anti-competitive practices in the Big Tech, labor and multidisciplinary sectors, aims to change thinking around corporate integration and anti-trust laws, CNBC said. Yilan Mui Announced. “The impetus for this executive order is really where more competition can come from,” White House Chief Economic Adviser Brian Dees told Muy in an exclusive interview.

4. Pfizer is developing a coveted booster to target delta variation

1221 and above New Yorkers are vaccinated on June 13, 2021 in St. Anthony of Padua Roman Catholic Church in the Bronx, New York, USA.

Deyban Goskan | Anatolic Agency | Getty Images

Pfizer And Bioendech They are already developing a Govt booster shot aimed at targeting the delta variant of the disease-dominant form in the United States, while they believe that a third shot of their current two-dose vaccine can protect against “extremely high levels” against all currently known variants. , Companies “With the rest awake” And works on an updated version of the vaccine. The announcement came on Thursday, the same day that Olympic organizers announced that they would ban all fans from sports this year, following Japan’s declaration of a state of emergency in Tokyo to control the new Govt epidemics.

5. Wells Fargo tells customers that it closes all personal taxes

A person crosses a Wells Fargo Bank branch on a rainy morning in Washington.

Gary Cameron | Reuters

Wells Barco A popular consumer loan product is planned to come to an end, Annoys some of its customers. According to customer letters reviewed by CNBC, the bank will close all existing personal loan taxes in the coming weeks and will no longer offer products. Rotating credit lines, which allow users to borrow from $ 3,000 to 000 100,000, were set up as a way to consolidate high-interest credit card debt, pay for home renewals, or avoid overdraft fees on linked verification accounts. Wells Fargo is still recovering after its 2016 fake account scandal.

– Follow all market activities like a pro CNBC Pro. Get the latest about the infection with CNBC’s Corona Virus Coverage.