- July 8, 2021
- Posted by: Stratford Team
- Category: Business
Wheelhouse CIO Ann Berry, Ladenburg Thalmann Asset Management CEO Phil Blancato and Kaltbaum Capital Management President Gary Kaltbaum on today’s markets.
U.S. equity futures are trading lower ahead of the Thursday trading session on Wall Street.
The major futures indexes suggest a decline of 1.4%, or 500 points on the Dow when the opening bell rings.
The yield on the 10-year treasury is 1.25%.
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On Wednesday, the Federal Reserve talked about possibly reducing U.S. economic stimulus.
Minutes of the latest Fed meeting in June gave an upbeat outlook for a U.S. economy recovery and showed board members discussed how and when they might reduce monthly bond purchases that inject money into the financial system.
Before Thursday’s opening bell, the Labor Department is out with its tally of new claims for unemployment benefits for last week. Expectations are for 350,000, down from the prior week’s pandemic…
