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Dow Jones Today Jumps, Nasdaq Lags After July Payrolls Surprise; DraftKings, Groupon, Monster Rally On Earnings

Posted Date: August 06 2021
Stock futures turned more sharply mixed Friday, as the Dow gained and Nasdaq slumped after a stronger-than-expected July payrolls report. Earnings news remained the focus, with Textainer Group and IBD 50 stock Carvana rising near buy points. China stocks rebounded to end a week of erratic trade. And financials jumped to the top of the Dow Jones today, driving Dow Jones futures to the head of premarket trade.

Dow Jones futures climbed 0.2%, S&P 500 futures rose 0.1% above fair value. Nasdaq 100 futures slipped 0.1%, as Moderna (MRNA) and Illumina (ILMN) fell hardest among Nasdaq 100 stocks, down about 1.5% apiece. IBD 50 Stock To Watch Moderna crushed analyst targets in its Q2 report on Thursday. Illumina also delivered a beat-and-raise report.
China-based stocks bounced to the top of the Nasdaq 100, with Pinduoduo (PDD), (TCOM) and Baidu (BIDU) trading high on the list.  Also on the Nasdaq, Monster (MNST) jumped 2.7%, after turning in a solid second-quarter sales and earnings win. Shares fell in eight of nine sessions ahead of earnings, leaving the stock 8% below a 99.34 buy point.
Media names were in motion on earnings, with News Corp. (NWS) up 7% to lead the S&P 500, after trimming losses and reporting a 30% revenue jump in its second quarter. Gannett (GCI) scored an early 5.2% gain, reporting a Q2 revenue and earnings surprise and a 41% jump in digital-only subscribers
Container freight lessor Textainer Group Holdings (TGH) scrambled almost 5% higher on earnings news. The stock closed Thursday 11% below a cup base buy point at 36.29.
Century Casinos (CNTY) and DraftKings (DKNG) were up sharply after early Friday earnings reports. Data center operator Switch (SWCH) soared 16% on raised guidance after a mixed Q2 report late Thursday. Groupon (GRPN) also spiked more than 16% following a strong second-quarter report.
Floor & Decor (FND), Cloudflare (NET) and Paylocity (PCTY) reported earnings after Thursday close. Under Armour (UA), Cross Country Healthcare (CCRN) and Harmonic (HLIT) posted three of the S&P 500's largest gains for the week through Thursday. Capri Holdings (CPRI) and Power Integrations (POWI) were rising below buy points.

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