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Market Update: US Stocks Lack Direction
US stock futures traded mixed on Friday, amid upbeat US jobless claims data, reports that several US Fed officials expect the bank to announce plans to taper its massive bond-buying program by the end of the year, and growing fears about rising the Delta strain COVID-19 cases. Among stocks, Disney reported upbeat fiscal third-quarter earnings after the bell Thursday, beating Wall Street expectations on subscriber growth, revenue and earnings. The company said its total addressable market is 1.1 billion households across the globe. Meantime, Airbnb regained pre-pandemic levels of revenue in Q2 as well as turning an adjusted EBITDA into profit. On Thursday, the S&P 500 rose 13 points or 0.3% to close at a new top again of 4,461. The Nasdaq gained 51 points or 0.4% to 14,816. Meantime, the Dow added 15 points or almost flat to 35,500. [/s2If]
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