Don't Sweat TWTR's Pullback

Meanwhile, S&P 500 futures are flat this morning

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Schaeffer's Opening View
5/27/2021
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Dow Futures Rise After Upbeat Jobs Report


By: Jake Scott

Stock futures are mixed this morning, as investors digest a better-than-expected round of jobs data. Futures on the Dow Jones Industrial Average (DJI) were last seen around 75 points higher, after data showed U.S. weekly jobless claims totaled 406,000 -- another pandemic-era low -- against a 425,000 estimate. Meanwhile, S&P 500 Index (SPX) futures were flat and Nasdaq-100 Index (NDX) were swimming in red ink, after scoring modest gains in the previous session. Separately, the Commerce Department didn't change its initial estimate on first-quarter gross domestic product (GDP), leaving it at 6.4%.

Continue reading for more on today's market, including:

  • Twitter stock is pulling back, so it's time to buy.
  • Why options traders just blasted Dick's Sporting Goods stock.
  • Plus, Best Buy stock pops on earnings beat; discount retailer brushes off quarterly win; and OKTA falls on dismal earnings projection.
Share on Read More...
     

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