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
Gerry Miller | CNBC