10 Hours Ago
These economic reports are set to release Thursday
A raft of economic data set to release Thursday include weekly jobless claims, durable goods orders and pending home sales. Here are what economists anticipate ahead of the reports.
- Jobless claims for the week ending June 22 is expected to have increased by 240,000, according to economists polled by Dow Jones. That’s up slightly from 238,000 the prior week.
- Durable goods orders, which measures new orders with U.S. manufacturers of long-lasting goods such as machinery or equipment, is anticipated to have fallen by 0.6% in May, a Dow Jones consensus estimate showed. In the previous month, it had risen by 0.6%.
- Pending home sales, a gauge of housing contract activity, is expected by economists polled by Dow Jones to have risen 1% in May. That’s up from a decline of 7.7% in April.
— Sarah Min
10 Hours Ago
Wheat futures touch 2-month low, on pace for worst month in two years
September wheat futures fell to $5.5625 a bushel (60 pounds) on Wednesday, the lowest since April 19, bringing the month-to-date decline to 17.6%, on pace for the worst month since June 2022.
Wheat futures are down 11% so far in 2024.
See Chart…
Wheat ETF in 2024.
— Scott Schnipper and Gina Francolla
10 Hours Ago
Stocks making the biggest moves after hours
Here are the stocks making the biggest moves in extended trading.
- Micron — Shares slipped 7% after the chipmaker issued current-quarter revenue guidance of $7.6 billion, which was in line with LSEG consensus estimates. Otherwise, the company beat third-quarter expectations on the top and bottom lines.
- Levi Strauss — The jeans maker dropped 12% after Levi Strauss posted disappointing quarterly revenue, in spite of a denim craze with consumers.
- AeroVironment — Shares fell 6% even after the maker of unmanned aerial vehicles posted fiscal fourth-quarter earnings and revenue that topped expectations. AeroVironment posted adjusted earnings of 43 cents, topping the FactSet consensus estimate of 22 cents earnings per share. Revenue of $197 million also topped the estimated $188.5 million.
— Sarah Min
10 Hours Ago
S&P 500 futures open slightly lower
U.S. S&P 500 futures opened slightly lower on Wednesday night.
S&P 500 futures dipped 0.19%, while Nasdaq 100 futures slipped 0.32%. Dow Jones Industrial Average futures fell 73 points, or 0.18%.
— Sarah Min
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