1. Dow's new high: The Dow Jones industrial average broke through the 22,000 points level for the first time ever on Wednesday. A surge in Apple stock pushed the index past the milestone right after the opening bell. The average is up more than 20% since Trump's victory last November.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -11.00 | | -0.25 | | -2.50 | | -0.05% | | -0.00% | | -0.10% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -50.78 | | -12.13 | | +1.47 | | 20,029.26 | | 3,272.93 | | 7,412.90 | | -0.25% | | -0.37% | | +0.02% | | | |
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| Key Stats | Latest | Today's Change | | | Oil | $49.79 | +0.20 / +0.40% | | | Gold | $1,269.00 | -9.40 / -0.74% | | | 10-yr | 2.26% | +0.01 / +0.49% | | | Euro | $1.18 | -0.00 / -0.12% | | | |
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| News: What you need to know about the markets | | | | | | | Dow tops 22,000; Bank of England rate decision; Earnings bonanza | By Ivana Kottasová
Thursday, August 3rd, 5:18am | | | | 1. Dow's new high: The Dow Jones industrial average broke through the 22,000 points level for the first time ever on Wednesday. | | | | A surge in Apple stock pushed the index past the milestone right after the opening bell. The average is up more than 20% since Trump's victory last November. | | | | CNNMoney's Fear & Greed index of market sentiment is firmly in "greed" mode, suggesting the gains could continue. | | | | While the initial rally was fueled by the Trump agenda, it's now being kept afloat by strong earnings and a steady U.S. economy. | | | | 2. U.K. economy health check: The Bank of England will announce its latest interest rate decision on Thursday. It will also release its quarterly inflation report, offering a detailed picture of the British economy. | | | | The bank held rates at a record low of 0.25% at its last meeting in June, but the vote was split with three of the bank's eight policymakers backing a rate hike. | | | | The U.K. economy has slowed down this year because of uncertainty over the country's exit from the European Union. Meanwhile, a sharp drop in the value of the pound has pushed inflation higher, putting pressure on consumers. | | | | 3. Global market overview: U.S. stock futures were lower on Thursday. | | | | The Dow Jones industrial average gained 0.2% on Wednesday, while the S&P 500 added 0.1% and the Nasdaq closed flat. | | | | European markets opened mostly down on Thursday. Indexes in Asia also suffered losses. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 4. Stock market movers -- Wyndham Worldwide, Hologic: Shares in Wyndham Worldwide were up almost 5% in extended trading after the company announced it would spin off its hotel business. It owns the Ramada and Days Inn brands. | | | | Hologic Inc slipped 5% in extended trading after the manufacturer of health diagnostic products reported a small dip in its profit. | | | | 5. Earnings and economics: Aetna, AMC Networks, Avon Products, Kellogg, Marriott Vacations, and Yum! Brands are among the hundreds of companies to report earnings before the open. | | | | GoPro, Kraft Heinz, Shake Shack, Viacom, Weight Watchers and Western Union will follow after the close. | | | | The Czech National Bank will announce an interest rate decision at 8:15 a.m. ET. | | | | Analysts say there's a decent chance the central bank will hike rates for the first time in almost a decade -- perhaps signaling the beginning of the end of ultra-low rates in Europe. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Thursday -- Earnings from Weight Watchers, Hyatt Hotels, Yum Brands, GoPro and Kraft Heinz
Friday -- U.S. Bureau of Labor Statistics releases monthly jobs and unemployment report | | | | | | | |
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