The Dow is eyeing a 72-point pop this morning
| 8/03/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Stock Futures Attempt Rebound as Treasury Yields Stabilize | By: Fernanda Horner | Stock futures are attempting a rebound this morning, after the major benchmarks turned lower yesterday as fears of slowing economic growth took hold of Wall Street. Futures on the Dow Jones Industrial Average (DJI) are 72 point higher, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are carrying more modest gains. A stabilizing 10-year Treasury yield is contributing to today's optimism, though investors are still keeping a close eye on the spread of the delta Covid-19 variant. Daily cases have now surpassed last summer's peak, but it was announced yesterday the U.S. reached its 70% vaccination goal. Continue reading for more on today's market, including: - Schaeffer's V.P. of Research Todd Salamone is watching these key millennium levels on the Dow.
- Murphy Oil stock could bounce off a historically bullish trendline.
- Plus, unpacking Under Armour's blowout earnings; BP beats analysts' estimates; and mall giant provides upbeat sales update.
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