The New York Stock Exchange is in New York City.
Wall Street had a third straight positive session on Wednesday, but stock futures fell on Thursday. The omicron Covid variant might not be as disruptive to the U.S. economic recovery as first thought. The S&P 500 and the Dow Jones Industrial Average gained on Wednesday. The S&P 500 was just a few points away from a record close. The two stock markets are close to their record closes on Nov. 8 and Nov. 19. After the pharmacy chain boosted its guidance ahead of Thursday's investor day, its shares rose more than 2% in premarket trading.
The government said Thursday that initial jobless claims dropped to 184,000 last week, much lower than expected and a new low. The previous week's reading was revised higher. The November consumer price index is expected to show a year-over-year rise of 6.7%, which would be the biggest move since 1982. The Federal Reserve is expected to announce next week that they will accelerate pulling back on their bond purchases. As soon as the spring of 2022, that could pave the way for interest rate hikes.
Apple won a reprieve from having to make major changes to its lucrative App Store while it appeals an antitrust lawsuit brought by "Fortnite" creator. The case brought by "Fortnite" maker Epic Games is appealed and the App Store can continue to prohibit developers from adding external links to other payment methods.
The Italian antitrust regulators fined Amazon over a billion dollars for abusing its market dominance. More than 50% of all annual sales on the platform in Italy come from small and medium-sized businesses, according to Amazon.
Adam Mosseri refused to commit to permanently ending the paused plans to create a version of the platform for kids under 13. The service, owned by Meta, recently changed its corporate name from Facebook.
The video game retailer posted a wider loss compared to a year earlier, and its shares fell 4% in Thursday's premarket. The trading of its stock has been subpoenaed by the Securities and Exchange Commission, as investors banded together to crush short-sellers. The new leaders at GameStop have not provided any details about their plan. On the post-earnings call, CEO Matt Furlong said that he was looking at emerging opportunities, including non-fungible token and web gaming 3.0.
The results of phase III clinical trials have been positive for the AZD7442 cocktail.
The FDA approved the first cocktail for people with weakened immune systems who have been exposed to the coronaviruses. The FDA granted an emergency use authorization for the therapy. Only early Covid treatment or as preventive therapy for high-risk people immediately after close contact with someone who has tested positive have been authorized so far. Every six months is when the preventive injections take place.
Jim Cramer is holding a live online event on CNBC. His Investing Club was provided with his outlook and gameplan. He will also ask questions.
NBC News contributed to the report. You can follow the market action on CNBC Pro. CNBC has coverage of the coronaviruses.
