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Market Wrap: pre-opening session |
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U.S. market futures are mixed as investors wait for August jobs report.
On Thursday, the S&P 500 rose 81 points (+1.06%) to 7,748. The Nasdaq 100 gained 339 points (+1.16%) to 29,482, and the Dow Jones was up 624 points (+1.18%) to 53,686.
The U.S. 10-year Treasury yield eased for a second straight session. Federal Reserve Governor Christopher Waller said that if upcoming inflation data confirm cooling, he would be inclined to keep rates unchanged at the September meeting.
On the stat front in the U.S. nonfarm payrolls are expected to increase by 56,000 in August, while the jobless rate is anticipated to hold steady at 4.1%.
Canada's employment is estimated to increase by 15,000 in August, while the jobless rate is expected to be unchanged at 6.4%.
European indices are little changed. On the stat plan, in Germany, factory orders rose 2.5% month-on-month in July, versus +0.5% expected and after increasing 3.7% in June.
Asian indices closed mostly green. Regarding stats, Japan's household spending dropped 3.6% year-on-year in July (vs -1.0% expected).
WTI crude oil prices consolidate after posting a four-session rally.
Gold takes a breather before U.S. jobs data.
Bitcoin also pauses after reaching a nearly four-month high yesterday.
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Lululemon Athletica (LULU), a designer of athletic accessories and apparel, tanks as current quarter guidance widely missed estimates.
DocuSign (DOCU), an electronic signature solutions provider, slightly rises after posting quarterly financial figures that beat estimates. Also, the company lifted full-year guidance regarding sales and adjusted operating margin.
Adobe (ADBE), a developer of software products, "announced that Anil Chakravarthy, president of Adobe’s Customer Experience Orchestration business and worldwide field operations, will become Adobe’s next president and chief executive officer and join the Board of Directors effective December 1, 2026".
Zscaler (ZS), a cloud security company, loses ground as full-year guidance indicates slower revenue growth.
Trade Desk (TTD), an advertising technology company, rises after announcing plans to reduce workforce by around 15%.
Planet Labs (PL), a provider of global, daily satellite imagery and insights, jumps on better-than-expected quarterly financial figures.
Asana (ASAN), a leader in collaborative project management software for teams, plunges as current quarter guidance disappointed investors.
GuideWire Software (GWRE), a software company for insurers, tanks as current quarter sales forecast missed estimates.
Samsara (IOT), a software company, soars on better-than-expected full-year guidance.
UiPath (PATH), a designer and developer of robotic process automation software, drops as current quarter guidance failed to impress investors.
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Alphabet (GOOGL)
Bank of America (BAC)
PepsiCo (PEP)
General Motors Co (GM)
Dominion Energy (D)
Teradyne (TER)
L3Harris Technologies (LHX)
PayPal Holdings (PYPL)
Exelon (EXC)
Kimberly-Clark (KMB)
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On Thursday, the S&P/TSX Composite Index gained 1.50% to 36,633 and the S&P/TSX 60 Index climbed 1.54% to 2,154.
BRP Inc (DOO), a global leader in the world of powersports vehicles, propulsion systems and boats, was upgraded to "outperform" from "sector perform" at National Bank of Canada.
Keyera (KEY), an energy infrastructure company, "announced that it has revised its 2026 Marketing segment realized margin guidance to 320 million dollars to 350 million dollars from 360 million dollars to 390 million dollars. The revised outlook reflects the estimated impact of the ongoing Line 5 disruption and lower expected production at the Company's Alberta EnviroFuels facility ("AEF"), partially offset by stronger than anticipated contributions from other parts of the Marketing portfolio".
Rogers Communications (RCI/B) and Quebecor (QBR/B), communications and media companies, "announced a new 12-year sublicensing agreement for French-language national NHL games, beginning with the 2026-27 season".
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