US open: Stocks start session on a mixed note

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Sharecast News | 09 Aug, 2021

Updated : 17:03

Stocks on Wall Street were trading mixed in the early going as investors continued to digest the stronger-than-expected monthly jobs report published the previous Friday.

"Yet equity markets are very stable, with focus here remaining on the events of the last couple of weeks," said Craig Erlam, senior market analyst at Oanda Europe.

"The US jobs report on Friday has solidified expectations for a taper announcement this year, most likely September if the August report is another knockout, so now it's all about gathering clues as to when it will start and at what pace."

At 1510 BST, the Dow Industrial Average was down 0.34% to 35,090.39, while the S&P 500 was off by 0.18% to 4,427.99.

The Nasdaq Composite on the other hand was up by 0.07% at 14.,845.23.

Further buoying investor sentiment, the Department of Labor reported that the number of job openings in the US reached 10.1m in June (consensus: 9.27m).

Investors were also waiting on speeches from Atlanta Fed President Raphael Bostic and Richmond Fed President, Thomas Barkin.

The latter was due to speak at 1700 BST.

On the broker front, analysts at BMO Capital reportedly upgraded their recommendation for AMD's shares from 'underperform' to 'market perform'.

In earnings news meanwhile, Tyson Foods as an early gainer after the food producer trounced analysts' estimates with its second quarter sales and earnings per share.

Pay-TV outfit Dish also served up better-than-expected second quarter earnings with EPS up by 36% than a year earlier at $1.06.

Dow Jones - Risers

Walgreens Boots Alliance, Inc. (WBA) $47.44 0.71%
Procter & Gamble Co. (PG) $142.19 0.55%
Walmart Inc. (WMT) $145.76 0.36%
Apple Inc. (AAPL) $146.63 0.34%
Merck & Co. Inc. (MRK) $75.61 0.22%
Intel Corp. (INTC) $54.03 0.20%
Johnson & Johnson (JNJ) $173.45 0.20%
Cisco Systems Inc. (CSCO) $55.69 0.19%
Travelers Company Inc. (TRV) $152.92 0.07%
Verizon Communications Inc. (VZ) $55.23 0.02%

Dow Jones - Fallers

International Business Machines Corporation (CDI) (IBM) $141.62 -1.71%
Boeing Co. (BA) $228.40 -1.27%
Chevron Corp. (CVX) $100.67 -1.26%
Walt Disney Co. (DIS) $175.50 -0.92%
McDonald's Corp. (MCD) $234.21 -0.87%
American Express Co. (AXP) $170.23 -0.66%
Salesforce.Com Inc. (CRM) $249.15 -0.57%
Visa Inc. (V) $240.03 -0.57%
Home Depot Inc. (HD) $328.52 -0.40%
JP Morgan Chase & Co. (JPM) $156.96 -0.34%

S&P 500 - Risers

Tyson Foods Inc. (TSN) $74.90 5.31%
Nucor Corp. (NUE) $107.09 2.67%
Regeneron Pharmaceuticals Inc. (REGN) $623.20 2.02%
Ball Corp (BLL) $86.53 1.51%
Biogen Inc (BIIB) $344.91 1.44%
Eli Lilly and Company (LLY) $267.02 1.36%
Monster Beverage Corp (MNST) $98.18 1.25%
Mosaic Company (MOS) $31.87 1.21%
Take-Two Interactive Software Inc. (TTWO) $160.13 1.16%
Quest Diagnostics (DGX) $148.26 1.13%

S&P 500 - Fallers

Air Products & Chemicals Inc. (APD) $274.08 -5.76%
Wynn Resorts Ltd. (WYNN) $94.29 -4.66%
Norwegian Cruise Line Holdings Ltd (NCLH) $23.93 -3.87%
American Airlines Group (AAL) $20.27 -3.57%
United Airlines Holdings Inc (UAL) $45.95 -3.51%
Darden Restaurants Inc. (DRI) $139.63 -3.50%
Carnival Corp. (CCL) $22.27 -3.49%
Marriott International - Class A (MAR) $136.85 -3.35%
Delta Airlines Inc. (DAL) $39.02 -3.22%
MGM Resorts International (MGM) $38.63 -2.96%

Nasdaq 100 - Risers

NetEase Inc. Ads (NTES) $91.63 5.32%
JD.com, Inc. (JD) $71.18 2.28%
Tesla Inc (TSLA) $714.28 2.17%
Regeneron Pharmaceuticals Inc. (REGN) $623.20 2.02%
Biogen Inc (BIIB) $344.91 1.44%
Baidu Inc. (BIDU) $166.31 1.25%
Monster Beverage Corp (MNST) $98.18 1.25%
Take-Two Interactive Software Inc. (TTWO) $160.13 1.16%
NortonLifeLock Inc. (NLOK) $24.22 0.96%
Asml Holdings N.V. (ASML) $790.10 0.87%

Nasdaq 100 - Fallers

Wynn Resorts Ltd. (WYNN) $94.29 -4.66%
American Airlines Group (AAL) $20.27 -3.57%
Marriott International - Class A (MAR) $136.85 -3.35%
Micron Technology Inc. (MU) $80.64 -1.66%
Qurate Retail Inc. (QRTEA) $11.10 -1.64%
Western Digital Corp. (WDC) $67.67 -1.59%
Booking Holdings Inc. (BKNG) $2,148.58 -1.58%
Ross Stores Inc. (ROST) $121.41 -1.36%
Maxim Integrated Products Inc. (MXIM) $99.41 -1.26%
Sirius XM Holdings Inc (SIRI) $6.42 -1.23%

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