Dow futures extend earnings after sweeping first half on Wall Street

Thursday market minute

  • Global equities mixed, with weakness in Asia offset by strong gains in Europe and another upward march for US equity futures.
  • Manufacturing activity continues to roar, with Europe posting a record PMI in June, but input costs are also rising, adding to short-term inflation concerns.
  • Micron shares tumble despite a stronger-than-expected third quarter and a strong outlook as the mystery of semiconductor inventory levels deepens.
  • US stocks post one of the best first-half returns since 1998, with the S&P 500 hitting a five-day streak of all-time highs and a fifth straight quarterly gain.
  • CDC data shows that 154.8 million Americans have been fully vaccinated against the coronavirus, with about 326.5 million doses administered as of Wednesday.
  • US stock futures suggest a firmer open on Wall Street ahead of weekly jobless claims data at 8:30 am ET and quarterly earnings from Walgreens Boots Alliance.

US equity futures rose on Thursday, extending a record run for the S&P 500 that was part of the strongest first-half performance in more than two decades as investors prepared for key labor market data and the start of the second quarter earnings season.

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