The CNN Money Fear and Greed index showed US stock markets entering the "extreme fear" zone on Thursday, following the release of Wednesday’s inflation data.
US producer prices likely to rise 0.8% on the month in June to match the previous month’s growth. Investors, meanwhile, focused on some notable insider trades.
Gainers
Allena Pharmaceuticals, Inc. (NASDAQ: ALNA) rose 22.1% to $0.2050 in pre-market trading. Allena Pharmaceuticals disclosed a new meeting date and new record date for special meeting to approve reverse stock split.
Gainers
Qurate Retail, Inc. (NASDAQ: QRTEB) shares climbed 71.1% to close at $5.20. Qurate Retail will host a conference call to discuss Q2 results on Friday, August 5th.
With the US stock futures trading lower this morning on Tuesday ahead of earnings from big banks, some of the stocks that may grab investor focus today are as follows:
Bitcoin and other major cryptocurrencies rose Wednesday, brushing off hotter than expected inflation, as the global cryptocurrency market cap rose 4.6% to $902.7 billion.
There are some good days to report bad earrings when the overall markets are bullish and investors are looking for bargains. Then there are bad days to report bad earnings, such as Wednesday, with the worse-than-expected Consumer Price Index report, and investors are in selling mode.