Chip Stock Cools Off After Win Streak

All three major indexes are eyeing solid weekly gains

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Schaeffer's Opening View
8/06/2021
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Stock Futures Mixed Following Upbeat July Jobs Report


By: Fernanda Horner

Stock futures are mixed this morning, moving off of yesterday's record-breaking surge as investors digest this morning's highly anticipated July jobs report. Despite a tight labor market and Covid-19 delta variant fears, hiring rose for the month, with nonfarm payrolls increasing 943,000 as opposed to the 845,000 analysts expected, while the unemployment rate fell to 5.4%. In response, Dow Jones Industrial Average (DJI) futures are 72 points higher, while the S&P 500 Index (SPX) is also firmly in the black. Futures on the Nasdaq-100 Index (NDX) are lower, however, as tech shares sink. For the week, all three major benchmarks are eyeing solid gains.

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

  • AMD cools off from record-setting win streak.
  • Zoom Video stock looks to overcome a technical ceiling.
  • Plus, marijuana stock brushes off quarterly win; unpacking DraftKings' blowout earnings; and Novavax delays Covid-19 vaccine approval.
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