economy
Friday's big stock stories: What’s likely to move the market in the next trading session
The S&P 500 closed at a record on Thursday, aided by cooling oil prices and tame inflation reports. Tune in to CNBC Friday morning for Disney CEO Josh D'Amaro.
TL;DR
- David Crowley defeated Francesca Hong in the Wisconsin gubernatorial Democratic primary, largely due to a $4 million ad spend focused on television.
- Stocks of broadcast companies Sinclair, Nexstar, and Gray Media have seen increases, potentially benefiting from increased political ad spending ahead of the midterm elections.
- Chinese stock ETFs like FXI, MCHI, and KWEB are down significantly from their highs and year-to-date.
- July retail sales data is expected, with a consensus estimate of 0.1% growth.
- Several retail stocks, including Bed Bath and Beyond, American Eagle, and Gap, are trading significantly below their recent highs.
- Disney's stock is down 12.5% from its September high ahead of the D23 fan event, where CEO Josh D'Amaro will be interviewed.