Japan's "State of Emergency" and no Olympic spectators sends stocks lower
Here's what is happening in the markets today, Thursday, July 8th:
- Futures down 1.0%+ after S&P and NASDAQ make record highs
- Jobless Claims for last week slightly higher than expected at 373,000
- Jobless Claims for last week slightly higher than expected at 373,000
- Japan declared a state of emergency in Tokyo for the upcoming Olympics because of COVID-19
- Travel stocks down big pre-market: Carnival (CCL) -5.5%, Royal Caribbean (RCL) -3.0%, American Airlines (AAL) -3.5%, United Airlines (UAL) -2.9%
- Bank stocks lower: Bank of America (BAC) -2.8%, JP Morgan Chase (JPM) -2.2% over recovery concerns
- Charles Schwab (SCHW) down -4.1% pre-market after Goldman downgrade