1. Snap earnings: Snapchat's parent company will report its second quarter results on Thursday. Snap shares have been on a downward slide in the wake of their NYSE debut in March.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -42.00 | | -28.50 | | -8.25 | | -0.19% | | -0.48% | | -0.33% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -8.97 | | -13.82 | | -82.91 | | 19,729.74 | | 3,261.75 | | 7,415.15 | | -0.05% | | -0.42% | | -1.11% | | | |
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| Key Stats | Latest | Today's Change | | | Oil | $49.91 | +0.35 / +0.71% | | | Gold | $1,284.90 | +5.60 / +0.44% | | | 10-yr | 2.24% | -0.04 / -1.84% | | | Euro | $1.17 | -0.01 / -0.43% | | | |
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| News: What you need to know about the markets | | | | | | | Snap earnings; Oil in focus; Surging volatility | By Ivana Kottasová
Thursday, August 10th, 5:12am | | | | 1. Snap earnings: Snapchat's parent company will report its second quarter results on Thursday. | | | | Snap shares have been on a downward slide in the wake of their NYSE debut in March. | | | | The self-described camera company recently unveiled a slew of new features, but it may not be enough to keep users -- and investors -- on board. | | | | Snap posted a whopping $2.2 billion loss in the first quarter. | | | | 2. Blue Apron earnings: Blue Apron will publish its latest numbers before the opening bell. | | | | The company's June IPO was a disappointment, and its stock has lost more than 35% of its value since then. | | | | Competition in the fresh food and meal kit delivery market is already tough. It's only going to get tougher when Amazon's purchase of Whole Foods is completed. | | | | 3. Oil in focus: U.S. oil futures edged 0.5% higher as investors awaited the latest monthly oil market report from OPEC. | | | | Oil was trading just below $50 per barrel. | | | | Investors will look at the level of compliance with a production cut agreement that was struck last year and extended in May. | | | | OPEC and other major producers hoped the deal would help end a supply glut and send prices higher. | | | | 4. Global market overview: Investors are still processing the war of words between the United States and North Korea. | | | | The VIX volatility index surged 25% on Wednesday, and the CNNMoney Fear & Greed Index swung to neutral after days of sitting in the greed territory. | | | | The Dow Jones industrial average closed 0.2% lower, while the Nasdaq shed 0.3%. The S&P 500 was flat. | | | | U.S. stock futures were lower on Thursday. European markets were lower in early trade following a rough session in Asia. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 5. Earnings and economics: Scores of companies are set to report earnings. | | | | Canada Goose, Kohl's and Macy's will publish their results before the open, while News Corp., Noodles & Co, Nordstrom and NVIDIA will follow after the close. | | | | The U.S. Bureau of Labor Statistics will release its July producer prices report at 8:30 a.m. ET. | | | | At the same time, the Department of Labor will release its weekly data on initial unemployment claims. | | | | Mexico's central bank will announce an interest rates decision at 2 p.m. ET. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Thursday -- Snap, Blue Apron, NVIDIA, Macy's, Nordstrom, News Corp, and Kohl's report earnings
Friday -- U.S. inflation report; J. C. Penney | | | | | | | |
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