Yahoo Finance Jobless claims, Walmart earnings, Nvidia: 3 Things
Stock futures (^DJI, ^IXIC, ^GSPC) are rising Thursday morning after retail sales increased by 1.0% (above estimates) in July and initial jobless claims came below expectations (227,000 versus estimates of 235,000) for the prior week.
Walmart (WMT) shares are grooving in pre-market trading after the big-box retailer beat its second quarter earnings estimates and raised full-year sales guidance.
Several investment firms have begun cutting their stakes in chip giant Nvidia (NVDA).
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Luke Carberry Mogan.
Video transcript
So let's get right to it.
The three things that you need to know to start your trading day.
Yahoo Finance's Madison Mills, Brian Sazi and Jared Bookery have more.
That's right.
Stock futures continuing to move to the upside in the free market this morning as investors pass through that, encouraging economic data, kicking it off with retail sales in July coming in stronger than anticipated growing 1% versus the 4/10 of a percent that economists expected this point.
Easing some concerns about a slowdown in the broader economy.
Meantime, initial jobless claims clocking in at 227,000 for the week ending August 10th.
That is less than the 235,000 anticipated this data point also easing concerns about cracks in the labor market.
Wal Mart is still out there grabbing market share shares of Walmart are higher after the retail behemoth raised its full year sales and profit outlooks on the back of those penny pinching consumers.
This is Wal Marts second quarter earnings beat Wall Street estimates us same store sales rose an impressive 4.2% while international continued its epic turnaround and some big name, investment firms are offloading shares of NVIDIA.
According to 13 filings, you can family office appaloosa Management Soros capital are just some of the names cutting their stakes in the second quarter.
Invidia has had a volatile month which shares down more than 8% as investors reprice expectations around A I markets overall of see saw hit by an unwinding of the yen carry.
Trade in tech has also seen some outflows as investors rotate in the small caps.
Shares of Invidia are edging higher this morning.
