Traders on the floor of the NYSE, July 6, 2022.
Source: NYSE
Here are the most important news items that investors need to start their trading day:
1. Can the stock continue on a winning streak?
S&P 500 Friday’s session posted gains for four straight trading days, giving investors a glimmer of hope that equities could rebound in earnest after the worst first half for stocks in more than five decades. Futures were largely flat before Friday’s sessionAs traders anticipated the June jobs report, which was scheduled to be released at 8:30 am ET.
2. Job Reports in Focus
A man walks past a “We’re Hiring” sign posted on June 3, 2022 in Arlington, Virginia.
Olivier Doulerie | AFP | Getty Images
the observers Expect a Strong Employment Report for June, even as the US grapples with rising prices and a possible recession. Economists expect the data to show the economy added about 250,000 jobs last month, according to the Dow Jones. This will be lower than the May print of 390,000, but still considered strong. “I think there are some concerns about consumer spending and a slowdown in the housing sector, but it is not yet visible in the labor market,” said Aditya Bhave, a senior economist at Bank of America.
3. Murder in Japan
Japan’s Prime Minister Shinzo Abe inspects an honor guard before a meeting of senior officers of the Self-Defense Forces at the Ministry of Defense in Tokyo, Japan on September 17, 2019.
Tomohiro Ohsumi | Getty Images
A shocking development out of Japan: Former prime minister was Shinzo Abe shot dead at a campaign event Nara for the Liberal Democratic Party in the city, which is near Kyoto. Abe, 67, was Japan’s longest-serving prime minister and was known for his “Abenomics” stimulus policies and politicians. He had stepped down two years ago due to declining health. A suspect was reportedly in custody. There was no clear indication of motive as of Friday morning.
4. GameStop Shake-Up
A Gamestop location in New York on December 23, 2021.
Scott Mill | CNBC
A day after the stock split was announced, GameStopVideo game retailer headed by active investor Ryan Cohen, Another curveball thrown at investors, The company fired CFO Mike Ricupero and announced the layoffs as it pursues a turnaround plan. A source told CNBC that Cohen himself ousted Ricupero because “he didn’t fit the right culture” and was “too far away.” Shares of Mem stock fell in off-hours trading.
5. Levy Raises Dividend
Levi Strauss & Company CEO Chip Berg rings the opening bell on the New York Stock Exchange (NYSE) during the company’s IPO on March 21, 2019 in New York, US.
Lucas Jackson | Reuters
Shares of the Blue Jean Behemoth Levi Strauss The jump came after the company announced quarterly results that increased its dividend and topped Wall Street’s expectations. a fortiori? more casual dress code in the workplace as people return to their desks covid Restrictions easy. “Jeans are more acceptable in the office now,” CEO Chip Berg told CNBC.
— CNBC’s Carmen Renicke, Patti Dom, Arjun Kharpal, Melissa Repko, Lauren Thomas and Ian Kritzberg contributed to this report.
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