Apple's New Role in Pot Stocks

Futures on the Dow and S&P 500 are both eyeing a muted start this morning

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Schaeffer's Opening View
7/06/2021
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Stock Futures Mixed Amid Ongoing Surge in Oil Prices


By: Lillian Currens

Stock futures are coming back from the long holiday weekend and Friday's record-setting session on a quiet note, with the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) pointed marginally lower, and futures on the Nasdaq-100 Index (NDX) eyeing a small pop. Energy stocks are in the spotlight this morning, enjoying a surge after West Texas Intermediate crude jumped to a six-year high, following the postponement of a crisis meeting between the Organization of the Petroleum Exporting Countries and its allies (OPEC+). The delay came after the United Arab Emirates rejected plans to increase oil production by nearly 2 million barrels per day, starting in August. 

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

  • Apple's latest involvement in the pot sector
  • Breaking down last week's big vaccine update
  • Plus, 2 Dow stocks analysts are talking about; and why newly public DIDI is sinking. 
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