AVCT - American Virtual Cloud Technologies, Inc.
TVTY - Tivity Health, Inc.
APPS - Digital Turbine, Inc.
FRGI - Fiesta Restaurant Group, Inc.
COMM - CommScope Holding Company, Inc.
BHC - Bausch Health Companies Inc.
GDDY - GoDaddy Inc.
COLL - Collegium Pharmaceutical, Inc.
AVXL - Anavex Life Sciences Corp.
MAXR - Maxar Technologies Inc.
MT Newswires) -- US stocks were set for a cautiously lower open Thursday as traders monitor discussions surrounding the next round of US COVID-19 virus relief, while also digesting weekly unemployment claims data in the face of a pandemic-ravaged economy.
Dow Jones Industrial Average futures rose 22 points or 0.1%, S&P futures are off 0.25 points or 0.01% and Nasdaq futures are up 10 points or 0.1% recently.
Market focus remains on virus relief negotiations in Washington, with lawmakers and White House officials unable to make progress in ironing out their differences on unemployment benefits and a moratorium on evictions.
Oil prices were narrowly mixed, with global benchmark Brent crude up 0.4% and US West Texas Intermediate up 0.3% recently, despite a damped demand outlook worldwide for the commodity with rising COVID-19 cases.
Data released at 8:30 am showed new weekly unemployment claims of 1.186 million for the Aug. 1 week against the previous week's 1.434 million and expectations for 1.442 million, according to Econoday.
In other world markets, Japan's Nikkei closed 0.4% lower, Hong Kong's Hang Seng closed 0.7% lower, and the Shanghai Composite closed 0.3% higher. Meanwhile, UK's FTSE 100 fell 1.3% and Germany's DAX index declined 0.01% recently.
In equities, shares of Bausch Health (BHC) were 13% higher pre-bell after saying it plans to spin off its leading eye health business into a separate publicly traded company. American Virtual Cloud
Technologies (AVCT) shares surged 160% on deal to acquire Kandy Communications in all-stock deal. Hall of Fame Resort & Entertainment (HOFV) shares gained 15% after closing the acquisition of a controlling interest in The Crown League.
On the downside, Citius Pharmaceuticals (CTXR) shares slumped 14.2% after expanding the size of previously announced bought-deal offering of common stock to $8.4 million. Fastly (FSLY) shares declined 19% despite posting improved Q2 results.
https://www.mymillennialinvestments.com/index.php/News/Pre-Market-Movers/August-6th-2020