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📈 Rebound
Wall Street rallies to its best day since 2022, jobless claims decline by most in a year, Paramount to lay off 15% of staff, BlackRock plans new ETFs, and Cathie Wood buys $28 million of battered tech stock…
Smart Owl
August 09, 2024
Good morning.
The Fast Five → Wall Street rallies to its best day since 2022, jobless claims decline by most in a year, Paramount to lay off 15% of staff, BlackRock plans new ETFs, and Cathie Wood buys $28 million of battered tech stock …
Calendar: (all times ET)
No notable events today.
Your 5-minute briefing for Friday, August 9:
BEFORE THE OPEN
As of market close 8/8/2024.
PRE-MARKET
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MARKETS
US stocks rallied yesterday after positive jobs data eased recession worries
S&P logged its best day since November 2022
Nasdaq had its best day since February
Dow had its best day in three weeks
Oil rose for a third-straight day
EARNINGS
NEWS BRIEFING
US stock indexes soared on Thursday as new jobless claims data raised investors' confidence.
The company is also exploring “potential strategic partnerships” for Paramount+ and is reevaluating its portfolio with an eye to improving its balance sheet.
US initial jobless claims decline by most in nearly a year (link)
Mortgage rates in plunge to the lowest level since may 2023 (link)
Oil poised for weekly gain with eyes on Middle East, equities (link)
BlackRock plans new ETFs to ride - or dodge - biggest tech firms (link)
Cathie Wood buys $28 million of battered tech stock (link)
OpenAI says its latest GPT-4o model is ‘medium’ risk (link)
Apple changes EU app store policy after Commission probe (link)
UK starts probe into Amazon's AI partnership with Anthropic (link)
As X sues advertisers over boycott, the app ditches all ads from its top subscription tier (link)
Home security giant ADT says it was hacked (link)
Looking Glass’ new lineup includes a $300 phone-sized holographic display (link)
United suspends flights to Tel Aviv for foreseeable future (link)
CRYPTO
Bitcoin rebounded above $60,500, marking its largest percentage increase since March 2023 (link)
FTX was ordered to pay $12.7 billion to customers in a CFTC settlement (link)
BTSE launched BTSE Dex 2.0, offering cross-chain trading for over 50 perpetual contracts (link)
BlackRock and Vanguard's bank holdings gained FDIC scrutiny (link)
DAILY SHARES
Bullish for next month’s jobs report
— Ramp Capital (@RampCapitalLLC)
8:26 AM • Aug 5, 2024
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