Thursday’s big stock stories: What’s likely to move the market in the next trading session
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as a narrow tech-driven rally lifted the S & P 500 to another record, and what’s on the radar for the next session. Jobless claims The number of the morning will be out at 8:30 a.m. ET and featured live on ” Squawk Box ” with Becky Quick, Andrew Ross Sorkin and Joe Kernen. We’ll also cover the market’s reaction live. The Dow Jones consensus estimate calls for 205,000 initial jobless claims. The number came in at 200,000 a week earlier. Prediction market Kalshi has a lot of support, well below the 250,000 mark. For more on the prediction markets go to https://www.cnbc.com/prediction-markets/ Retail sales Retail sales data for April also comes out Thursday at 8:30 a.m. It’ll be featured on “Squawk Box.” The Dow Jones consensus calls for a gain of 0.5%. Some 68% of Kalshi participants see the number coming in above 0.4%, but only 27% say it’ll be above 0.6%. Applied Materials The semiconductor services company reports after the bell. Shares of Applied Materials have gained 23% in the past three months. The stock hit a new high Monday. AMAT 3M mountain Applied Materials in the past three months Bonds, British bonds The British 10-year gilt is now solidly above 5%. One reason analysts and bond watchers are really quite keen on this right now is due to new pressure on British Prime Minister Keir Starmer after his Labour Party fared quite poorly in local elections. The British 10-year hasn’t been so high since 2008. That was not a great year for global finance. The iShares MSCI United Kingdom ETF (EWU) , which includes top British stocks like Lloyds , Marks and Spencer , Smith & Nephew and Rolls Royce , has lost 2% in the last month. The ETF has gained 22% in the past year. Cheers, mate. EWU 3M mountain The iShares MSCI United Kingdom ETF (EWU) in the past three months IPO Cerebras, the chipmaker specializing in artificial intelligence, will start trading on the Nasdaq . CEO Andrew Feldman will be on “Squawk Box.” Crypto and the United States Senate The Senate Banking Committee is taking up groundbreaking legislation that would allow the crypto companies to offer payment on some forms of crypto including stablecoins, similar to the way banks pay interest on savings accounts. The banks have been lobbying against the measure. The crypto guys are in favor of it, as it could mean more people would be more willing to put their money into forms of crypto that pay interest. Bitcoin has gained more than 8% in the past month. In the past year, it has fallen nearly 25%. Ether has been flat in the past month. It’s down 16% from the high. Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds – from financial professionals to everyday individuals – come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you’re starting from, you’ll leave with clearer thinking, stronger strategies. Enter your email here to get a discount code.
