📈 Stock Market Today: Retail Sales up big last month, futures trade higher
Here's what is happening in the markets today, Friday, July 16th:
- Retail sales rebounded 0.6% last month. Data for May was revised down to show sales falling 1.7% instead of declining 1.3% as previously reported last month.
- Spending is now rotating back to services like travel and entertainment.
- AMC Entertainment (AMC) higher pre-market after sliding 5 days straight
- Virgin Galactic (SPCE) up in pre-market trading after a 5day swing, down 35% since CEO Richard Branson had his successful flight.
- Didi Global (DIDI) down again after an ONSITE cybersecurity review that had at least 7 Chinese government departments.
- BioNTech (BNTX) up pre-market after the Lancet medical journal published a study showing that their MRNA-based vaccine produced 10 times more antibodies than China's Sinovac vaccine.
- Cruise lines are making waves this morning after Canada said it will allow large cruise ships to resume cruises to Canada in November.
- Live Nation (LYV) - is higher in pre-market trading after a Goldman Sachs buy rating. Goldman said that LYV should benefit from a surge in concert activity.
- Cryptos - Jackson Palmer, co-creator of dogecoin said with a wholehearted NO that he will not return to cryptocurrency.
- Spending is now rotating back to services like travel and entertainment.
- AMC Entertainment (AMC) higher pre-market after sliding 5 days straight
- Virgin Galactic (SPCE) up in pre-market trading after a 5day swing, down 35% since CEO Richard Branson had his successful flight.
- Didi Global (DIDI) down again after an ONSITE cybersecurity review that had at least 7 Chinese government departments.
- BioNTech (BNTX) up pre-market after the Lancet medical journal published a study showing that their MRNA-based vaccine produced 10 times more antibodies than China's Sinovac vaccine.
- Cruise lines are making waves this morning after Canada said it will allow large cruise ships to resume cruises to Canada in November.
- Live Nation (LYV) - is higher in pre-market trading after a Goldman Sachs buy rating. Goldman said that LYV should benefit from a surge in concert activity.
- Cryptos - Jackson Palmer, co-creator of dogecoin said with a wholehearted NO that he will not return to cryptocurrency.