The S&P 500 and Nasdaq are modestly lower midday
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7/15/2021 | | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow Battles Breakeven Despite Strong Earnings, Jobs Data
| By: Jake Scott | | Stocks are fighting to find their footing midday, despite the latest jobless claims data that showed unemployment filings hit their lowest level during the pandemic-era. In addition, Wall Street is brushing off more upbeat earnings from the financial sector. The Dow Jones Industrial Average (DJI) was last seen inching lower, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are deeper in the red. Elsewhere, Federal Reserve Chairman Jerome Powell kicked off his second day of Congressional testimony, with an emphasis on the challenges of addressing inflation. His comments have already helped the 10-year Treasury yield, which is rebounding from session lows. Continue reading for more on today's market, including: - Netflix stock picked up yet another price-target hike.
- Beyond Meat stock boosted by e-commerce deal in China.
- Plus, MRNA calls pop ahead of earnings; Carver Bancorp stock picks up steam again; and one software stock reeling on the charts.
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