It is learned to begin the second half of the trading year for Wall Street. The Dow Jones futures mark + 0.18%, the S&P 500 futures + 0.1%, while the Nasdaq 100 futures sells 0.15%.
Wall Street is back from the second best first half of the last 23 years with + 16% in the S&P 500 (behind only + 17% in the 1st half of 2019). The Dow Jones Industrial Average in the first six months of 2021 gained 12.7% and the Nasdaq Composite 12.5%.
Investors are already looking forward to tomorrow when the data on the labor market will arrive, with no farm payrolls expectations still very robust (yesterday the ADP estimates for the private sector went beyond expectations). Today look at oil that rises by more than 2.5% (WTI at $ 75.4 close to the top in over two years) in the wake of the latest news that OPEC and its allies are inclined to a gradual increase in supply in the rest of the year.
The Chevron stock thus marks over + 1% in the premarket. On the other hand, Micron is in trouble, dropping around 2% after warning that it will have to wait until 2024 for a key upgrade to its chip manufacturing technology.
New thud to come for CureVac which currently scores 13% in pre-market after the German drug maker said final test data showed its COVID-19 vaccine candidate is only 48% effective. in preventing disease.