Tesla Stock Active, Wall Street Futures Gain; Ford, Uber in Focus

Tesla Stock Active, Wall Street Futures Gain; Ford, Uber in Focus

The Thursday Market Minute

  • Global stocks mixed as earnings continue to drive European gains while Delta variant infections rattle sentiment in Asia.
  • Benchmark 10-year note yields hold near 1.2% following hawkish comments from Fed Vice Chair Richard Clarida amid a softer-than-expected ADP jobs report.
  • President Joe Biden to sign executive order targeting a 50% EV production rate for American carmakers by 2050.
  • Uber shares tumble on wider Q2 loss despite record high bookings of $22 billion.
  • Oil prices slide as Delta infections raise demand questions and EIA reports a surprise 3.6 million increase in domestic crude stocks.
  • U.S. equity futures suggest a modestly firmer open on Wall Street ahead of second quarter earnings from Moderna, Kellog and ViacomCBS as well as weekly jobless claims data at 8:30 am Eastern time.

Wall Street futures edged higher Thursday, while bond yields snapped-backed from yesterday’s rally on hawkish comments from the Federal Reserve, as investors remain laser-focused on jobs and earnings data heading into Friday’s crucial payroll report. 

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