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5 things to know before the stock market opens July 6, 2020

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1. Dow to build on last week’s momentum

In the week ahead, initial jobless claims Thursday will continue to be a key gauge of how renewed Covid-19 closures and delays in business reopenings in some state hot spots might impact the nascent economic recovery. Continuing claims in last week’s report rose by 59,000 to 19.3 million, despite the surge in rehiring evident in the June employment report, which saw a better-than-expected 4.8 million nonfarm positions added and the unemployment rate falling to 11.1% for the month.

2. Warren Buffett spends some of Berkshire’s cash hoard

Warren Buffett

Gerry Miller | CNBC

In the first major purchase from Warren Buffett‘s Berkshire Hathaway since the…



Source cnbc.com

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