Where DKNG Stands Ahead of Earnings (1 liked)

The Dow is up 191 points at midday

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Schaeffer's Midday Market Check
8/05/2021
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Stocks Extend Rebound on Trade Deficit, Jobs Data


By: Laura McCandless

Stocks are extending this morning's gains, rebounding from yesterday's slump as investors unpack a slew of economic data. Initial jobless claims for last week came in at 385,000 -- in line with estimates, and lower than the previous week -- while continuing jobless claims fell below 3 million for the first time since March 2020. Meanwhile, the U.S. trade deficit climbed to a record 6.7% in June. The Dow Jones Industrial Average (DJI) was last seen up 191 points, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are firmly in the black as well.

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

  • Checking in with DKNG ahead of tomorrow's earnings report.
  • Watch this online education stock amid the Covid-19 surge. 
  • Plus, DDOG and SITM hit record highs; and why NVRO is trading at annual lows.
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