Here are the most important news, trends and analysis that investors need to start their trading day:
1. Dow opened lower after closing three consecutive sessions
Traders work at the New York Stock Exchange in New York, United States, on August 19, 2021.
Wang Ying | Xinhua News Agency | Getty Images
The U.S. futures was under pressure Thursday after the Dow Jones Industrial Average and S&P 500 closed lower for the third consecutive session. Investors will receive another report on the labor market ahead of the bell that could go into the Federal Reserve’s thinking about when to start tightening Covid-era bond purchases. Rising inflation and the delta variant are also wild. The Nasdaq, which had been in a close record series, broke a four-session winning streak Wednesday when technology stocks changed.
Chinese stocks trading in the U.S. were lower in premarket trading after Chinese regulators called NetEase and others for an interview to remind them of video game restrictions on children.
The U.S. government will report before the opening Thursday, at 8:30 a.m. ET, its weekly review on jobless claims. Economists are looking for 335,000 first filing of unemployment benefits for the week ending Sept. 4. It would be a minimal pandemic until the week ending March 14, 2020 when new claims totaled 256,000. It was just before Covid caused historic business closures and job losses, leading to a rush for unemployment benefits.
The European Central Bank kept interest rates unchanged Thursday, but chose to slow the pace of net asset purchases in its pandemic emergency purchase program.
2. GameStop sinks for lack of driving; Lululemon rises on a strong perspective
A person wearing a protective mask walks out of a GameStop Corp store. at a mall in San Diego, California, on Thursday, April 22, 2021.
Bing Guan | Bloomberg | Getty Images
Actions of GameStop, the original meme stock, lost 7% in early trading on Thursday, the morning after the video game retailer reported that its second-quarter loss was reduced over the year. GameStop, whose stock was still expected to grow by more than 900% in 2021, did not provide a prospect for the coming quarters or took questions during its post-conference conference call. The company also said the SEC had requested additional documents for a probe into GameStop and the business activities of other companies, which the company had disclosed in May.
On Monday, March 29, 2021, pedestrians wearing protective masks passed in front of a Lululemon store in San Francisco, California.
David Paul Morris | Bloomberg | Getty Images
Lululemon’s shares rose just about 14% in the pre-market after the sportswear and leisurewear manufacturer late Wednesday reported second-quarter profit and revenue that exceeded analysts ’expectations. The company has benefited from consumers buying their clothes for their home wardrobes. But now, many people are also looking for tight pants and other comfort pieces for their return to the office. Lululemon offered a better-than-expected outlook for the third quarter and fiscal 2021.
3. Personnel united with religious exemptions to Covid shot must take a leave without pay
A traveler wearing a protective mask is expected to board a United Airlines flight at San Francisco International Airport on October 15, 2020.
David Paul Morris | Bloomberg | Getty Images
U.S. employees have granted exemptions to the company’s vaccination mandate for religious reasons that will be put on temporary unpaid leave starting next month, the airline told staff Wednesday, citing recent growth of the Covid cases. United also said that if an employee’s application for a religious franchise is denied, they must be vaccinated within five weeks after the notice of refusal and get the first shot by Sept. 27, or they will be terminated. Carriers ’approaches to increasing staff vaccination rates are varied. Delta Air Lines, for example, imposes an additional $ 200 per month on the health care premiums of unvaccinated employees.
4. Biden to reveal desire to strengthen Covid vaccinations, fight against delta variant
U.S. President Joe Biden speaks in the East Room of the White House in Washington, DC, United States, Wednesday, September 8, 2021.
Samuel Corum | Bloomberg | Getty Images
President Joe Biden Thursday is set to explain a six-point federal effort to increase Covid vaccinations and curb the growing delta variant, which kills thousands in the United States each week and jeopardizes the nation’s economic recovery. Biden is expected to push for vaccination mandates for workforces and schools. He will talk about new ways to increase testing and improve mask requirements. The president will emphasize steps to help the economy as well as moves to improve treatment for those with Covid.
5. Ukraine will become the last country to legalize bitcoin while it comes worldwide
Bitcoin became stronger Thursday after Ukraine became the fifth country in as many weeks to establish some basic rules for cryptocurrencies, a further sign that governments around the world are realizing that bitcoin and other digital currencies are here to stay. In an almost unanimous vote, the Ukrainian Parliament adopted a law legalizing and regulating the crypt. The bill, implemented in 2020, goes to the desk of the Ukrainian president. Bitcoin was trading around $ 46,200 on Thursday, two days after a lightning strike ended up knocking it down 10%. Bitcoin hit an all-time high of more than $ 64,000 in April, but sold in June and July, even falling briefly below $ 30,000. But since mid-July, bitcoin has advanced largely.
– The Associated Press contributed to this report. Follow all the market action like a pro CNBC Pro. Get the latest news on the pandemic with CNBC coronavirus coverage.