economy
Friday's big stock stories: What’s likely to move the market in the next trading session
The Dow Industrials snapped a five-day winning streak on Thursday and the S&P 500 notched back-to-back losses as oil prices rose.
TL;DR
- The Dow Jones Industrial Average ended a five-day winning streak.
- The July jobs report is scheduled for release at 8:30 a.m. ET.
- Jim Cramer believes the American consumer is strong, citing positive commentary from Wells Fargo and Bank of America, and strong travel demand from Expedia and Booking Holdings.
- Cramer recommended Capital One, Ralph Lauren, and Williams-Sonoma as investments in the American consumer.
- Under Armour and Fluor are set to release their quarterly earnings reports.
- Take-Two Interactive's new Grand Theft Auto game is expected in November, with shares seeing a recent decline.
- CNBC and Kalshi have a commercial relationship.