Stock Market Opens Low for Friday

After high closing numbers on Thursday, the stock market dipped for the opening bell on Friday, with the Dow Jones down by 0.49%. The S&P 500 dropped by 0.31%, and the Nasdaq Composite fell by 0.20%.

Confidence in the stock market rose on Thursday thanks to a positive jobless claims report for the United States. That report showed that jobless claims had dropped by 17,000 for the previous week.

That was excellent news for the market that had felt the impact of a poor unemployment claim for the month of July just a few days earlier. That report showed that unemployment was higher than expected, and it caused both the stock market and the crypto market to take a sharp dive.

Now, many of the losses have recovered and the stock market is back on its feet. We are seeing a slight dip from the previous day, but the markets are still relatively high. The market indices gained from 1.76% (DJIA) to 2.87% (COMP) on Thursday as investors rushed to buy stocks.

What to Expect for the Stock Market- Short and Long Term

There are almost no new quarterly reports scheduled for Friday from major stocks, except for Evergy (EVRG), which will post its quarterly report later today. Take Two Interactive (TTWO) saw its stock shoot up by 4.22% as the market opened this morning, after its quarterly report was better than expected. That boost comes thanks to a lucrative deal with Gearbox, specifically concerning their very profitable Borderlands series of games.

We expect the stock market to be very active today, with tech stocks likely to prove a good short and long-term investment. The tech heavy Nasdaq Composite has seen most action recently, and we anticipate that this will continue.

Boeing (BA) is expecting its stock to improve after the company hired a new CEO. The company has suffered severe stock devaluation this year and is desperate to get back on track.

Disney (DIS) stock is expected to rise as well, as they have had several very profitable movie releases this year and expect Moana 2 to do well when it is released around Thanksgiving. The company is still raking in millions from its most recent major release Deadpool and Wolverine.