The S&P 500 index continues to exhibit the traits of a bear market, even ignoring the usual positive seasonality around the Fourth of July holiday. The accompanying graph shows that the index’s downtren… IBD Videos Get market updates, DotBig educational videos, webinars, and stock analysis. AutoZone shares are still trading in buy range past their cup-with-handle’s 2,130.60 buy point Wednesday amid a 1.3% gain. Those reports preface Friday’s U.S. payrolls report.

Yahoo Finance’s Jared Blikre breaks down how markets opened on Thursday. The Energy Information Administration on Thursday reported that U.S. DotBig crude inventories climbed by 8.2 million barrels for the week ended July 1. On average, analysts expected a fall of 1.2 million barre…

In Voyager Bankruptcy, Alameda Is Creditor, Shareholder, Borrower

The trader who was shorting Financial Select Sector SPDR Fund today, against his bank of America and Goldman Sachs longs, is also giving up on the group. At the core of my optimism regarding financial stocks is my expectation of a mild and brief recession. Drug giant Merck rose 0.5% Wednesday, and is about 2% below its flat base’s 95.02 buy point. Early Thursday, the stock was slightly higher after the Wall Street Journal DotBig reported Merck is in talks to acquire Seagen in a deal that could be worth roughly $40 billion or more. Medical stocks in general, and biotechs in particular, have shown rising strength in recent stock market action. In a volatile stock market environment, Dow Jones leaders Johnson & Johnson , Merck and UnitedHealth — as well as AutoZone , BYD , Evolent Health and Quanta Services — are among the stocks to watch.

U.S. equity futures were trading higher Thursday morning, adding to the gains from the prior session and ahead of the latest jobless claim numbers. US stock futures rise as investors absorb the Federal Reserve’s recent minutes, unable to find a "consistent narrative" right now, according to an analyst. Get Started Learn how you can make more money with IBD’s investing tools, top-performing stock lists, and educational content.

Vanguard To Pay $6 Million To Investors Hit With Big Tax Bills2 Min Read

The resignation of the British prime minister could help clear much of the political uncertainty that has held down the pound, and possibly lead to slightly higher interest rates. Fronted advances in 10 of the 11 groups that make up the S&P 500. The energy sector lagged as oil prices moved lower. The minutes pointed to a potential pause in rate increases by year-end, said one market strategist. Policy makers indicated willingness to initiate another 75 basis point rate hike to tame inflation.

• Econoday estimates expect U.S. employers to have added 270,000 jobs in June, a sharp drop from the 390,000 jobs added in May.
• Chip stocks received an early boost after South Korea-based Samsung reported better-than-expected earnings guidance for the second quarter.
• Stocks are rallying despite ongoing recession fears.
• Investors will check out wage inflation in the upcoming June jobs report.
• Get Started Learn how you can make more money with IBD’s investing tools, top-performing stock lists, and educational content.
• The Dow Jones Industrial Average climbed 250 points Thursday morning, reflecting positive global trade, as investors digested an early raft of jobs data.

But the stock remains far below its long-term 200-day line. On Wednesday, https://dotbig.com/ the stock market reversed from early losses to end with modest gains.

Consumers Say 2022 Is The Worst Economy Ever3 Min Read

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average. The Labor Department said first-time unemployment claims rose to 235,000, above estimates and ahead of the prior week’s 231,000. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative https://dotbig.com/ and engaging content and other products and services. A day that began with stocks falling under the weight of recession concerns looks ready to end with much of the market at least flat on the day. Stocks ended the volatile session higher after the release of minutes from the Federal Open Market Committee’s meeting in June at which it enacted its largest rate hike since 1994.

Bonds & Rates

The 10-year Treasury yield ticked higher to 2.93% Thursday following Wednesday’s climb to 2.91%. In mid-June, it hit its highest level since April 2011, at 3.48%. Meanwhile, U.S. oil prices looked to take back some of this week’s sharp losses, with West Texas Intermediate trading around $102 a barrel. The Dow Jones Industrial Average climbed 250 points Thursday morning, reflecting positive global trade, as investors digested an early raft of jobs data. The highly anticipated U.S. payrolls report is due out Friday morning. U.S. stock benchmarks rose as the number of Americans applying for jobless benefits inched higher and investors bet on a larger interest-rate increase from the Federal Reserve this month. Rate policymakers "were already thinking about where the appropriate level is to stop tightening policy in June, before the spate of economic data really deteriorated," said Hodge.

Chip stocks received an early boost after South Korea-based Samsung reported better-than-expected earnings guidance for the second quarter. Advanced Micro Devices and Nvidia rose 4.5% and 3.3%, respectively. Biotech Seagen was an early leader on the Nasdaq, up more than 3% on reports that Merck could be near a takeover https://www.bankrate.com/banking/biggest-banks-in-america/ agreement. Freeport McMoRan , Caterpillar and Cummins led miners and related stocks at the top of the S&P 500, as copper prices rebounded following a $220 billion stimulus proposal in China. Quotes displayed in real-time or delayed by at least 15 minutes. Powered and implemented byFactSet Digital Solutions.

AstraZeneca has agreed to buy biotech firm TeneoTwo in a deal worth up to $1.27, with Non-Hodgkin’s lymphoma early-stage treatment at the heart of the deal. Crypto trader Alameda Research provided emergency credit lines to the now-bankrupt lender Voyager Digital, in which it owned a minority stake. Bankruptcy filings show Alameda was also a customer.

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The "Mad Money" host broke down the current market and what they suggest about the fate of the economy on Wednesday’s episode of the show. The market has a sense of what should happen to earnings estimates, but it isn’t seeing much of that just yet. Investors should take short-term corrections in Chinese markets as buying Boeing stock price opportunities, a strategist from Bank of America Securities said. The trade and economic teams of China and the United States agreed to maintain close communication following virtual talks between Chinese Vice Premier Liu He and U.S. Five S&P 500 companies with understated Street estimates likely to beat 2Q22 earnings.

CNBC’s Jim Cramer explained fresh charts analysis from DeMark Analytics founder Tom DeMark on Wednesday’s episode of "Mad Money." U.S. Treasury yields were higher on Thursday morning, even as the closely watched 2-year/10-year yield curve remained inverted — a key recession signal. CNBC’s Steve Liesman joins ‘Squawk Box’ to break down what investors need http://dotbig.com/markets/stocks/BA/ to know about the Federal Reserve’s June meeting minutes released on Wednesday. Bond yields rose on Thursday, further inverting the curve on concerns Fed hawkishness could tip the U.S economy into recession. Komal Sri-Kumar, president of Sri-Kumar Global Strategies, joins CNBC’s ‘Squawk Box’ to provide a market outlook ahead of the open on Thursday.