Job data could impact Wall Street today
US markets closed mostly lower yesterday, as the SPX500 and NSDQ100 both snapped winning streaks, while the DJ30 finished nearly flat. Today, Wall Street will most likely be impacted by the NFP report and other job data, to be released at 13:30 GMT. Canada will also release job data at the same time, potentially generating volatility for the CAD. This morning, futures point to gains on Wall Street, as the DJ30 is expected to rise more than 100 points at the open.
Today’s highlights: Airlines show massive gains
- Airline stocks take flight: As global economies gradually reopen, the expected recovery in the travel industry is apparent in markets. Yesterday, American Airlines soared 40%, while several other airlines registered double-digit gains, including Delta, JetBlue, Spirit Airlines and United Continental. For the most recent and significant price movements in markets, check out the Market Movers page on eToro.
- Asian markets mostly higher: Markets in the East were mostly in the green this morning, as the JPN225, HKG50 and China 50 indices were seen higher at time of writing. On the US-China front, Morgan Stanley’s chief economist Chetan Ahya told CNBC that the US is not likely to break the phase one trade deal, despite recent tensions.
- Ontology (ONT) now available on eToroX Exchange: Three new trading pairs based on ONT, the token of the Ontology Network, are now available on eToro’s professional crypto exchange, eToroX Exchange. The Ontology Network is a powerful public blockchain and distributed collaboration platform devoted to identity security and data integrity. Learn more about ONT on eToroX.
Stocks earnings releases on 08/06/2020
Earnings season coming to a close: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar.