By Jimmy
Good morning moomooers! Here are things you need to know before the opening bell:
- U.S. stock futures were higher in early morning trading on Thursday as investors gear up for the second half of 2021.
- Stocks making the biggest moves in the premarket: Nio Inc, Marin Software, Adamis Pharmaceuticals&more
Market Snapshot
U.S. stock futures were higher in early morning trading on Thursday as investors gear up for the second half of 2021.
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A couple of days left here ahead of the 4th of July weekend. The casino is closed on Monday, institutional sweeping activity was bullish on Wednesday and has been the whole week so far.
Biotechs were in focus on Wednesday but other than that, there was no real sector focus that stood out. Institutional sweepers were selectively active in few tech names, some underbelly growth names, energy and even in a few re-opening plays.
On the sentiment front
Intraday sentiment finished the session around neutral.Neutral sentiment plus an elevated gamma have created a backdrop for a sloppy push higher in the major indices but aggressive rotation continues to play a major role.
Rotation into tech and growth names having already done a lot of damage, names like ...