Should You Bet on This Wall Street Newcomer?

Dow futures are pointed nearly 500 points lower

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Schaeffer's Opening View
7/19/2021
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Stocks Plummet With Covid-19 Cases on the Rise


By: Lillian Currens

Stock futures are plummeting on Monday morning. The Dow Jones Industrial Average (DJI) is pointed 509 points lower, while futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are suffering sizable drops of their own. Weighing heavily are concerns the recent spike in Covid-19 cases globally could put the breaks on the economic reopening, with stocks linked to travel taking a nosedive. Bond yields are seemingly in freefall, too. The 10-year Treasury yield fell to its lowest level in five months to 1.219%. Meanwhile, oil prices are sinking after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) said it would start phasing out production cuts by September 2022. 

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

  • Which weed stocks were making the biggest moves last week.  
  • Wall Street freshman coming under fire in cybersecurity investigations. 
  • Plus, CALM suffers surprise profit loss; NGG loses British grid responsibilities; and ADSK dissolves takeover talks. 
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