5 things to know before the market opens on Friday July 23

Here are the most important news, trends and analysis investors need to start their trading day:

Dow futures rose more than 150 points on Friday, indicating a strong weekend at the Wall Street open and what could be four consecutive positive sessions after Monday’s major plunge. The Dow Jones Industrial Average, S&P 500 and Nadsaq were all gearing up for weekly gains. The Nasdaq led the way with an increase of nearly 1.8% over the past four days. All three are also within 1% of their last record on July 12.

Dow American Express stock rose about 4% pre-market after the credit giant on Friday reported quarterly earnings and earnings in line with best estimates. Shares of Honeywell International, also a share of Dow, edged up in pre-market after the industrial company beat estimates with quarterly earnings and earnings on Friday. Honeywell has also raised its outlook. With a quarter of earnings season, Wall Street is heading for the best earnings growth in more than a decade.

In the bond market, the 10-year Treasury yield, which moves inversely to price, rose on Friday, trading at around 1.3% after hitting a 5.5-month low near 1.13 % earlier this week. The July Manufacturing and Purchasing Managers’ Service Indices are released at 9:45 a.m.ET.

The strength in tech stocks continued on Friday before market launch, with Snap shares surging 16% after the social media company surprised analysts with quarterly profit, gaining adjusted 10 cents per share. Incomes have also beaten. Snap on Thursday night reported higher than expected daily user stats along with optimistic revenue forecasts.

Shares of Twitter rose 5% in pre-market trading after the company beat estimates Thursday night by 13 cents with adjusted quarterly profit of 20 cents per share. Revenue exceeded expectations as ad sales jumped 87% from a year ago. Twitter also gave an optimistic revenue forecast for the current quarter.

Dow Intel stock fell nearly 2% in the market on Friday, the morning after the company released a forecast that disappointed some investors and said the global chip shortage could last until 2023. Intel topped estimates with quarterly earnings of $ 1.28 per share. Incomes have also beaten.

The delta Covid variant, dominant in the United States, is one of the most infectious respiratory diseases ever seen, the director of the Centers for Disease Control and Prevention has warned. The variant is highly contagious, in large part because people infected with the delta can carry up to 1,000 times more virus in their nasal passages than those infected with the original coronavirus strain, according to new data. The latest seven-day average of new Covid cases increased 65%, while deaths fell 7% in the same time frame to 250 per day.

With the Tokyo Olympics set to officially start on Friday, after a year of delay, the International Olympic Committee said organizers had done everything they could, based on recommendations from Covid experts, to ensure safety matches. The IOC was responding to criticism that it was using “cheap measures” and ignoring advice. Reuters reported that 11 athletes have tested positive for the coronavirus since July 2, while Olympics-related infections, including officials and media, exceeded 100. Earlier this week, the head of the organization World Health Organization, Tedros Adhanom Ghebreyesus, said: Make sure all cases are identified, isolated, located and treated as quickly as possible, and that transmission is interrupted. “

The National Football League plans to operate as normally as possible for the next 2021 season and has told teams they will lose games and lose money if Covid outbreaks occur due to unvaccinated players. In a note obtained by CNBC, the NFL informed team executives and head coaches that they are not planning to reschedule games due to outbreaks as they did during the 2020 season. Instead, the league wrote that “postponements will only occur if government authorities, medical experts or at the discretion” ask NFL commissioner Roger Goodell. The league’s tough stance on postponing matches will also protect network partners who have just agreed to a media deal worth more than $ 100 billion.

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Disclosure: CNBC’s parent company, NBCUniversal, owns NBC Sports and NBC Olympics. NBC Olympics is the US licensee to broadcast all Summer and Winter Games until 2032.