Market Minutes – August 11th
Market Update — US futures are flat as investors await the CPI report.
International Markets — European and Asian markets are trading cautiously higher as markets await US inflation report.
Commodities — Gold and silver are trading higher as the delta variant offsets tapering fears. Oil is trading lower as the White House asks OPEC+ to raise production to reduce gas prices to support the economic recovery.
Crypto — Bitcoin is trading 0.89% higher around $45,898. Ethereum is trading 2.45% higher around $3,200 a coin.
Biggest After Market Movers — Wendy’s is trading 3.3% higher after beating top and bottom line estimates. Perrigo is trading 8.8% lower after missing both revenue and earning estimates. Coinbase shares are trading 2.3% higher after beating earnings estimates. Thredup is trading 7.3% higher after posting a better than expected loss.
Chart of the Day — PLTR Crucial Area Breakout or Breakdown
Charts by TradingView