Premarket: Apple is green

apple premarket green 10-8From wsj.com's "U.S. Stock Futures Rise Ahead of Jobless Claims Data" posted early Thursday:

U.S. stock futures ticked up Thursday ahead of fresh data on the number of Americans claiming unemployment benefits, which is likely to show marginal gains as the labor market continues its halting recovery...

Economists expect data on applications for jobless benefits, due to be released at 8:30 a.m. ET, will have ticked down to 825,000 last week, from 837,000 a week earlier. The figures are viewed as a proxy for layoffs, and will be monitored closely to assess the extent to which companies continue to reduce head count. This metric is still likely to be above pre-pandemic highs, despite dropping sharply from a peak of near 7 million in March...

The S&P 500 climbed Wednesday to its highest close in over a month after President Trump tweeted his support for individual spending packages aimed at small business, airlines and delivering checks to households.

Discussions appear to remain ongoing, though Republicans and Democrats remain at odds over crucial details. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke briefly on Wednesday about a stand-alone stimulus bill for the airline industry, sending carriers’ stocks higher.

“It’s still all about stimulus at this point: we’re seeing markets move on optimism that some kind of package is going to get done,” said Esty Dwek, head of global market strategy at Natixis Investment Managers. “It’s just a question of how much the Republicans will agree to.”

My take: Lucy and the football.

apple premarket green 10-8 lucy football

2 Comments

  1. Jerry Doyle said:
    Brother Joseph,

    Too often I am puzzled by yours’ and PED’s admonishments to commenters not to go political only to subsequently read comments by you and blogged articles by PED written and orchestrated as red meat thrown out to political Republican Rottweilers who then respond resulting in the two of you writing back with paternalistic and condescending language denigrating those responders.

    Does it ever occur to you and others of your peg that such offensive and antithetical behavior with what you purport compared with what you exhibit is no less than with what the negotiating parties in the White House and the Republican Party confront in their dealings with the Democrats?

    The answer is simple and stares you in-the-face as to the president’s strategy. If I attempted, though, to demystify or verbally like a bright shining beacon illuminate the answer you still wouldn’t understand. So, in the interim, would you be so kind and please do as you tell others to do perpetually, refrain from your denigrating remarks about your president and the Republican Party leaders. Let the political scenario play out and you will see after the election the strategy the president is using on juggling a multiplicity of issues of which he is dealing that benefit the good people of this great nation and propels his re-election in continuing to make America stronger.

    1
    October 8, 2020

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