August 1, 2021
Markets

Futures xxx after 2 day rally, eyes on jobless claims

Futures ticked higher in Wednesday’s after-hours session, with investors looking to earnings and data for impetus to extend a 2-day rally that wiped out losses sustained during the worst trading day of 2021. 

During the regular session, stocks rode a 2-day hot streak, calibrating a resurgence of COVID-19 cases against a red-hot economic expansion that continues to gain momentum. In the process, strong earnings have helped the market heal from Monday’s pandemic-inspired meltdown, with investors looking at the fundamentals rather than surging coronavirus numbers.

Industry bellwethers Netflix (NFLX), Chipotle (CMG), Coca-Cola (KO), Johnson & Johnson (JNJ) and Verizon (VZ) topped market expectations, boosting a market that’s seen precious little downside in recent months. The sell-off that began the week was the year’s worst trading day, and spooked traders that had become “spoiled” by a…

Read full article here: finance.yahoo.com