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Morning Briefing: A look at the big week of Amazon and Pinterest

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Moomoo Breakfast US joined discussion · Jul 29, 2021 05:01
Morning Briefing: A look at the big week of Amazon and Pinterest
Hey, moomooers! Here are things you need to know before the opening bell:

- U.S. stock futures were mixed in Thursday morning trade after the Federal Reserve concluded its two-day meeting of the Federal Open Market Committee by making no move on asset purchases.

-The busiest week of earnings continues. Amazon, Pinterest, and Anheuser-Busch are set to report earnings Thursday.
Market snapshot
U.S. stock futures were mixed in Thursday morning trade after the Federal Reserve concluded its two-day meeting of the Federal Open Market Committee by making no move on asset purchases.
Dow Jones Industrial Average futures gained 109 points. Meanwhile, S&P 500 futures hovered above the flatline, and Nasdaq 100futures traded in mildly negative territory.
Morning Briefing: A look at the big week of Amazon and Pinterest
Source: Bloomberg
$PayPal(PYPL.US)$and$Facebook Inc(FB.US)$fell 5% and 3% in after-hours trading, respectively, after warning of significant growth slowdown as they reported quarterly earnings.
Shares of$Ford Motor(F.US)$jumped nearly 4% after it raised its 2021 outlook, though it missed analysts' estimates on earnings.
Crypto
$Bitcoin(BTC.CC)$traded 0.92% higher at $40,452.00 at 5:53 AM EDT.
$Ethereum(ETH.CC)$traded 0.75% higher at $2,320.50 at 5:53 AM EDT.
$Terra(LUNA.CC)$was up 3.06% at $11.20 at 5:53 AM EDT.
Morning Briefing: A look at the big week of Amazon and Pinterest
Source: moomoo
Top news
U.S. stock futures edge up ahead of jobless figures, GDP data
U.S. stock futures edged up ahead of data that are expected to show a decline in applications for jobless benefits and a sharp increase in second-quarter economic growth.
China to hike export tariffs on some steel products
China plans to increase export tariffs on some steel products, while scrapping tax rebates for steel exports, a further step to tame soaring commodity prices.
German jobless claims fall more than expected
German jobless claims fell considerably more than expected in July, by 91,000 on the month, the Federal Employment Agency said.
Fed says economy has made progress toward its goals, teeing up bond taper
Officials will assess whether to begin shrinking their $120 billion in monthly asset purchases in coming meetings.
Bipartisan infrastructure deal advances in senate
The roughly $1 trillion deal cleared its first procedural hurdle in a 67-32 vote, above the 60 required.
Treasury yields edge higher after fed signal
The central bank said the U.S. economy had made progress toward its employment and inflation goal, indicating that it was getting closer to when it could start tapering bond purchases.
SEC weighs making companies liable for climate disclosures
Chairman Gary Gensler has asked staff to consider whether climate-related statements should be required in 10-K annual reports.
Private-market secondary sales set first-half record
Secondary sales of private funds climbed to $48 billion in this year's first half, the highest level ever.
Earnings & key events this week
$Amazon(AMZN.US)$and$Pinterest(PINS.US)$are set to report earnings Thursday.
Morning Briefing: A look at the big week of Amazon and Pinterest
Morning Briefing: A look at the big week of Amazon and Pinterest
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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