Previous close | 0.3100 |
Open | 0.9100 |
Bid | 1.1700 |
Ask | 1.2100 |
Strike | 27.50 |
Expiry date | 2024-07-19 |
Day's range | 0.8600 - 1.2500 |
Contract range | N/A |
Volume | |
Open interest | 897 |
Shares of both Arm Holdings (ARM) and Airbnb (ABNB) are sinking this morning after the companies reported their latest earnings. Arm is falling after the chip designer's revenue guidance failed to excite investors. Airbnb is also being dragged down by weaker guidance than expected. Disney (DIS) and Warner Bros. Discovery (WBD) announced they are teaming up to bundle their various streaming services. The media giants' new service will be available later this summer. Warner reports earnings this morning. Yahoo Finance trending tickers include Robinhood (HOOD), Beyond Meat (BYND), and Roblox (RBLX). Key guests include:9 a.m. ET - Mark Zandi, Moody’s Analytics Chief Economist10:40 a.m. ET - Josh Charlesworth, Krispy Kreme CEO & President11:10 a.m. ET - Gal Krubiner, Pagaya CEO11:20 a.m. ET - Joey Gonzalez, Barry's CEO11:30 a.m. ET - Steve Huffman, Reddit CEO
U.S. stock indexes were muted on Thursday as a slate of downbeat earnings offset the impact of data that showed U.S. weekly jobless claims rose more than expected, indicating softening labor market conditions. "Whenever we have an employment number that is weaker and it doesn't meet our expectations, ironically, that bolsters the markets because the data was in favor of a rate cut rather than a rate hike," said Peter Andersen, founder of Andersen Capital Management. Money market traders are pricing in U.S. rate cuts worth 47 basis points (bps) by the end of 2024, according to LSEG's rate probabilities app, up from 44 bps before the latest jobless claims data.
U.S. stock indexes were set for a muted open on Thursday as a slate of downbeat earnings offset the impact of data that showed U.S. weekly jobless claims rose more than expected, indicating softening labor market conditions. "Whenever we have an employment number that is weaker and it doesn't meet our expectations, ironically, that bolsters the markets because the data was in favor of a rate cut rather than a rate hike," said Peter Andersen, founder of Andersen Capital Management. The jobless claims data dragged down yields on 10-year Treasury notes, the benchmark for global borrowing costs, which had risen in the previous session and pressured equities.