The Dow is up 78 points at midday
| 7/01/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | S&P 500 Nabs New Record After Upbeat Jobless Claims | By: Jake Scott | Stocks are enjoying a solid start to July, moving slightly higher as investors prepare for the second half of 2021. The Dow Jones Industrial Average (DJI) is up around 78 points at midday, following data that showed weekly jobless claims hit a new pandemic-era low. Meanwhile, the S&P 500 Index (SPX) scored a new intraday record high and is heading for its sixth straight win, while the tech-heavy Nasdaq Composite (IXIC) takes a breather from its latest resurgence. Looking ahead, investors will be focusing on Friday's monthly jobs report, where economists expect to see 683,000 jobs added in the month of June. And even further ahead, the Dow and SPX have never ended a year with a decline when logging double-digit gains in the first half. Continue reading for more on today's market, including: - Blue chip drugstore chain plunges despite top-line beat.
- Activist investor: this pharma stock needs a shakeup.
- Plus, XPEV options pop after strong electric vehicle sales; the latest meme stock soaring on the charts; and a tumbling Wall Street newbie.
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