STOCK MARKET NEWS: Nasdaq posts best week of 2022, Tim Cook, Musk on Japan’s Abe assassination

U.S. stocks ended Friday’s session little changed as the Nasdaq Composite rose 0.12% marking the fifth straight session of gains, the longest winning streak of 2022. The Dow Jones Industrial Average and the S&P 500 posted modest losses as investors took in the stronger-than-expected addition of 372,000 jobs last month. In commodities, oil lost over 3% for the week settling at $104.79 per barrel.

Canary CEO Dan Eberhart weighs in on the price of crude oil since the 2020 election as Americans are desperate for the gas prices to decline on ‘Making Money.’

The Biden administration announced Thursday that it will make an additional 144,000 doses of monkeypox vaccine available to states and jurisdictions. 

In a release, the Department of Health and Human Services (HHS) said the doses of Bavarian Nordic’s Jynneos vaccine will begin to ship from the Strategic National Stockpile (SNS) on Monday, July 11.

“We are using every tool we have to increase and accelerate Jynneos vaccine availability in jurisdictions that need them the most,” Steve Adams, the director of the SNS, said in a statement.

Real estate agent Kirsten Jordan urges sellers should remember it’s no longer a ‘super aspirational’ market, and to take their listings seriously.

Google is aiming to quell concerns about its alleged throttling of GOP political emails, but Republicans are not satisfied with the company’s explanations.

The controversy follows a study from North Carolina State University that found Gmail sends a much higher percentage of Republican candidates’ emails to spam than Democrat candidates. 

Republicans, led by Sen. John Thune, R-S.D., introduced a bill last month to force Google to exempt political emails from its spam algorithms and implement transparency requirements on email providers. Google responded by proposing a pilot program to the Federal Election Commission that would exempt messages from candidates for federal office from “methods of spam detection.” 

All three of the major U.S. stock averages curbed losses mid-morning Friday with the Dow Jones Industrial Average powering the gains led by UnitedHealthcare, Amgen and Walmart.

U.S. stocks fell across the board Friday with the Nasdaq Composite pacing the losses despite a better-than-expected jobs report in June which showed employers added 372,000 positions during the month. Twitter shares sank on reports Elon Musk’s deal for the social media giant may be on the rocks. In commodities, oil firmed up to the $92 per barrel level. 

U.S. stock futures are little changed ahead of the release of the June jobs report.

Meanwhile, oil prices dipped, with West Texas Intermediate crude futures trading at around $102.50 a barrel while Brent crude traded at about $104.60 per barrel.

U.S. equity futures traded lower Friday morning ahead of the most anticipated economic report of the month.

The major futures indexes suggest a decline of 0.5% when trading in the final session of this holiday-shortened week gets underway on Wall Street.

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The Labor Department’s monthly jobs report due out Friday is likely to show U.S. employers hired fewer workers last month than in May, and economists say the slowdown may serve as the latest recession clue.

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Tesla and SpaceX CEO Elon Musk’s $44 billion deal to purchase Twitter maybe in serious jeopardy, according to a Thursday report. People familiar with the proceedings told The Washington Post that Musk’s team has stopped having discussions about funding. Shares of Twitter were down more than 4% in premarket trading.

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The average price of a gallon of regular gasoline slipped on Friday morning to $4.721, according to AAA. The price on Thursday was at $4.752. Gas has declined for 21 straight days. Diesel slipped as well to $5.675 down from $5.698.

Oil prices traded lower as recession fears continued to weigh on sentiment. U.S. West Texas Intermediate crude traded at $101 a barrel. Brent crude futures traded at $104 a barrel after a nearly 4% rebound on Thursday. 

Both contracts are set for their second straight weekly loss. U.S. crude saw a sharp sell-off on Tuesday, when WTI slid 8% and Brent tumbled 9%. 

Bitcoin traded above $21,000 on Friday morning. The cryptocurrency has gained in three of the past four days.

Bitcoin is still off more than 15% month-to-date and down more than 53% year-to-date. Ether is trading around $1,200 and Dogecoin is at 7 cents.