Friday's Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session
The Dow Industrials jumped more than 600 points on Thursday. Tune in to CNBC for Kevin Hassett, director of the National Economic Council.
TL;DR
- The August jobs report is due at 8:30 a.m. ET, with consensus estimates predicting 53,000 jobs created.
- The "Magnificent Seven" tech stocks, including Amazon, Apple, Meta, Tesla, Nvidia, and Microsoft, have shown recent gains, with Alphabet being an exception.
- Hollywood is experiencing a record summer for revenue due to increased ticket prices, though overall ticket sales are down from pre-Covid levels.
- Zscaler, a cybersecurity company, has seen its stock rise due to increased demand for its protection amid growing fears of AI hack attempts.
- CNBC TV's producers are monitoring these events for insights into market movements for the next trading session.