Flight Night: Bezos v. Branson

All three benchmarks are pacing for their second-straight weekly wins

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Schaeffer's Midday Market Check
7/02/2021
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S&P 500 Logs Another Record High as "Fear Gauge" Dips


By: Jake Scott

Stocks are modestly in the black midday, thanks to upbeat monthly jobs data that showed 850,000 jobs were added in June. The Dow Jones Industrial Average (DJI) is roughly 60 points higher, while the S&P 500 Index (SPX) notched another record high earlier in the day. The tech-laden Nasdaq Composite (IXIC) boasts a respectable lead as well, and all three major benchmarks are on their way to logging their second straight weekly wins. Amidst all this positive price action, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), is heading for its lowest close since February 2020.

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

  • A big military deal has this defense stock higher.
  • Two billionaires gear up for the their space race.
  • Plus, Tesla calls pop after stellar vehicle numbers; Alector locks in billion-dollar collaboration deal; and ARWR plunges on a halted study.
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