Here’s what we’re watching as Thursday’s trading gets underway.

  • Bitcoin was trading around $37,600, a 3.8% rise from Wednesday’s level at 5 p.m. ET. The cryptocurrency is still down over 40% from its mid-April high.
  • U.S. jobless claims fell to another pandemic low last week, a sign companies are hesitant to lay off employees as the economy quickly recovers.
What’s Coming Up
Market Movers to Watch
GameStop Corp. reset its leadership team as the videogame retailer looks to leverage its recent popularity with investors.

GameStop Corp. reset its leadership team as the videogame retailer looks to leverage its recent popularity with investors.

Photo: Bing Guan/Bloomberg News

  • FuelCell Energy shares dropped 11.6% after it reported a fall in revenue during the recent quarter
  • Clover Health rose over 7% earlier in the morning, before retreating to a 2% rise. The stock was up 88% for the week at yesterday’s close.
  • AMC Entertainment slid 4%. The cinema chain fell over 10% on Wednesday. BlackBerry, another stock frequently discussed on Reddit forums, was down 2%.
  • ContextLogic shares continued to swing, jumping 4.6% ahead of the bell. On Wednesday they closed down 8.9% in heavy-volume trading, after having been up more than 25% early in the session.
  • Biogen slipped close to 1% premarket, pulling back after rallying more than 40% this week after the FDA approved its Alzheimer’s drug, a long-awaited breakthrough.
Market Facts
  • Issuance of green bonds hit a record $270 billion last year and is on pace to exceed that amount in 2021, according to data from the Climate Bonds Initiative.
  • The yield on the benchmark 10-year Treasury note closed below 1.5%, its lowest level in more than three months, dragged down by tepid economic data and high demand from investors both in the U.S. and elsewhere.
Chart of the Day
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