Yellen Gaffe, ADP and ISM, Dogecoin Mania, Oil Near $70 - What's Moving Markets

3 Unloved Tech Stocks With Room To Run, Especially Ahead Of Earnings

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📚 Daily Digest  |  Wednesday, May 5, 2021

Yellen Gaffe, ADP and ISM, Dogecoin Mania, Oil Near $70 - What's Moving Markets

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Janet Yellen's comments on interest rates make an interesting backdrop for ADP's monthly survey on private-sector hiring and the ISM's non-manufacturing survey. The auto sector dominates the earnings calendar, with GM and BorgWarner (NYSE:BWA) due to report and Jeep owner Stellantis' quarterly figures already out. Oil tests $70 after another sharp drop in U.S. inventories, and the Dogecoin mania/Ponzi scheme intensifies ahead of Elon Musk's appearance on SNL. Here's what you need to know in financial markets on Wednesday, May 5th.

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Stock Market Nasdaq Futures Up 85 Pts; ADP Employment Data in Focus By Peter Nurse Investing.com - U.S. stocks are seen opening higher Wednesday, rebounding after the sharp tech-induced losses of the previous session while investors digest more... Stock Market Malaysia imposes restrictions in capital as virus cases rise KUALA LUMPUR (Reuters) - Malaysia on Wednesday imposed movement restrictions in the capital Kuala Lumpur due to a rising number of COVID-19 infections, adding to lockdowns that... Stock Market Spirit AeroSystems to increase 737 MAX parts delivery in 2021 (Reuters) - Spirit AeroSystems (NYSE:SPR) said on Wednesday it expects to deliver about 160 shipsets, or complete sets of parts, for Boeing (NYSE:BA)'s 737 MAX jets this year,... Forex Meme-based cryptocurrency Dogecoin soars 40% to all-time high By Tom Wilson LONDON (Reuters) - Meme-based virtual currency Dogecoin soared on Wednesday to an all-time high, extending its 2021 rally to become the fourth-biggest digital coin.

Today's Top Analysis

3 Unloved Tech Stocks With Room To Run, Especially Ahead Of Earnings By  Jesse Cohen/Investing.com    |    May 5, 2021 Opening Bell: U.S. Futures Rebound After Yellen Clarification; Oil Surges By  Pinchas Cohen/Investing.com    |    May 5, 2021 Buying Opportunity May Be Here As Rally Cools In Corn, Wheat And Soy By  Barani Krishnan/Investing.com    |    May 5, 2021 Uber Q1 Earnings Preview: Rides Returning Fast As Economy Reopens By  Haris Anwar/Investing.com    |    May 5, 2021 Read More Analysis »

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