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TV The Cow Guy Scott Shellady discusses the economic recovery amid the boom in the Delta variant.
U.S. stock indexes were set for a lower opening on Wednesday ahead of the latest review of the health of the labor market.
Futures contracts on the Dow Jones Industrial Average fell 64 points, or 0.18%, while S&P 500 and Nasdaq 100 futures fell 0.15% and 0.06%, respectively.
The July ADP jobs report will be released at 8:15 am ET and is expected to show that the US economy added 653,000 workers last month, up from 692,000 in June.
In equities, Robinhood Markets Inc. remained focused a day after surpassing its initial public offering price of $ 38.
Victoria’s Secret & Co. shares have also come under close scrutiny after they parted ways with L Brands on Tuesday and climbed 27% when they debuted on the stock exchange.
In terms of profits, CVS Health Corp. beat both earnings and earnings and raised its full-year earnings forecast amid signs that consumer purchasing habits and the use of healthcare benefits are normalizing.
General Motors Co. posted quarterly profit and raised its guidance for the full year as it continued to prioritize high-margin vehicles amid a global chip shortage. Strong demand for used cars continued to generate record results for GM Financial.
Lyft Inc. said its revenues jumped 125% from a year ago, as ridership continued to rebound from pandemic levels. The rideshare company said it had 17.14 million riders in the last quarter, up from 21.2 million in the first quarter of 2020.
Meanwhile, Activision Blizzard Inc. has beaten Wall Street estimates and announced the departure of two executives as it seeks to improve its culture following a sexism lawsuit.
In commodities, West Texas Intermediate crude fell 28 cents to $ 70.28 per barrel and gold edged up $ 2.50 to $ 1,816.60 per ounce.
Overseas markets were mostly higher.
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The European stock markets generally recovered with the German DAX 30 up 0.86%, the French CAC 40 gaining 0.59% and the British FTSE 100 up 0.47%.
In Asia, Hong Kong’s Hang Seng Index and China’s Shanghai Composite Index rose 0.88% and 0.85% respectively, while Japan’s Nikkei 225 lost 0.21%.
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