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U.S. Stock Futures Trade Steady

Stock MarketsAug 05, 2021 10:10
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© Reuters.

By Oliver Gray

Investing.com - U.S. Stock futures were little changed in early APAC deals on Thursday, following declines in the previous session as risk sentiment soured after ADP employment payrolls came in well below market expectations in July, amid growing fears over the accelerating spread of the coronavirus Delta variant both domestically and across the globe.

During regular deals on Wednesday, the Dow Jones Industrial Average shed 323.73 points or 0.9%, to 34792.67, the S&P 500 fell 20.51 points or 0.46% 4402.65, while the Nasdaq Composite added 19.24 points or 0.13% to 14780.53.

Among stocks, Robinhood Markets Inc (NASDAQ:HOOD) rallied 50.41% during regular trading, continuing its recent surge after last week’s weaker than expected IPO. Electronic Arts Inc (NASDAQ:EA) added more than 3.64% in extended trade as earnings came in above analysts’ expectations.  Meantime, Uber Technologies Inc (NYSE:UBER) fell 4.69% after-hours after it reported second-quarter earnings, while Etsy Inc (NASDAQ:ETSY) dipped 13.9% as earnings came in higher than expected, with third-quarter financial guidance below estimates.

On the bond markets, The 10-year Treasury yield was trading flat near 6-month lows of 1.18%.

U.S. Stock Futures Trade Steady
 

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Sophie Williams
Sophie Williams Aug 05, 2021 17:01
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$HOOD is yet another proof of the Reddit strength. Will be interesting to watch how this unfolds
 
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