The three main landmarks are higher before the bell
Dow Jones Industrial Average (DJI) futures are up 80 points at last check, while futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also on the rise, with all three benchmarks looking to add further gains to their consecutive wins. Core inflation rose 4.7% in November to its highest level since 1982, while durable goods rose 2.5%. Meanwhile, the first weekly jobless claims for the past week stood at 205,000, just below estimates of 206,000.
Read on to learn more about the current market, including:
- CEO Alexej Pikovsky discusses the future of the cannabis industry.
- Behind Upgrading WSM by Loop Capital.
- In addition, the new acquisition of CROX; News from JD participation; and the first delivery of NKLA.
5 things you need to know today
- the Cboe Options Exchange (CBOE) saw more than 1.5 million purchase contracts negotiated on Wednesday and 732,887 sales contracts. The single-session put / call ratio fell to 0.47 and the 21-day moving average remained at 0.49.
Crocs Inc (NASDAQ: CROX) buys shoe brand Heydude for $ 2.5 billion in a cash and stock transaction. The deal is expected to be finalized in the first quarter of 2022, after which Heydude will remain a stand-alone division. CROX is down 0.6% before market.
- based in china JD.com Inc (NASDAQ: JD) is down 6.9% in e-commerce, after announcing that Tencent was reducing its stake to 2.3% from around 17%, amid the recent local tech crackdown. Year-to-date, JD is down 16.1% as of today.
- Nikola Corp (NASDAQ: NKLA) is up 4.9% before the bell, after the company completed its first delivery of electric vehicles. Down 38.4% year-to-date, the familiar support at the $ 9 level provided a bottom for the stock’s recent fall.
Rise in equities in Europe and Asia
Asian markets rose on Thursday, as investors around the world continued to assess the risks of the omicron variant of Covid-19, as the Chinese city of Xi’an went into lockdown as of today. hui. Meanwhile, Hong Kong investors have been watching Tencent’s announcement that it will distribute most of its shares in tech giant JD.com to its shareholders, with the shares valued at around $ 127.7 billion. Hong Kong, or $ 16.37 billion. Tencent added more than 4%, while JD.com suffered a 7% drop. In response, the region’s Hang Seng added 0.4%. Elsewhere, the Shanghai Composite in China was up 0.6%, South Korea’s Kospi tacked 0.5% and the Nikkei in Japan took a 0.8% victory.
European stocks are also on the rise as stock markets remove foreclosure threats in favor of a study in South Africa showing reduced severity of the omicron strain compared to the delta variant. Meanwhile, the US Centers for Disease Control and Prevention (CDC) clearance of Pfizer’s Covid-19 antiviral pill (PFE) in patients 12 years of age or older is also strengthening sentiment. At the last check, the London FTSE 100 is up 0.1%, the German DAX is up 0.6% and the French CAC 40 is up 0.4%.