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Adobe, Triple Witching, Juneteenth: 3 Things to Watch

Stock MarketsJun 17, 2021 03:39PM ET
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© Reuters.

By Christiana Sciaudone

Investing.com -- Tech stocks were the ones to watch today as Treasury yields moved lower.

The Fed's view that inflation is transitory is gaining in popularity, and the fall in 10-year break-evens is giving tech "somewhat of a green light if indeed the Fed is correct," Janney Montgomery Scott said. Others say there's less supply and that's the explanation for the move.     

Cyclicals, however, struggled on the rotation from value to growth, and financials were dragged lower by banks since lower yields hurt net interest margin.

Gold Futures prices tumbled almost 5% to levels last seen in April as the surging dollar wrecked the prices of commodities priced in the greenback. Crude Oil WTI Futures was also lower on the commodities sell-off.

The official start of summer graces us with its presence on Sunday. If you're in the Western part of the U.S., we hope that doesn't exacerbate the already sweltering days.

Here are three things that could affect markets tomorrow:

1. Adobe 

Adobe Systems Incorporated (NASDAQ:ADBE)reports earnings after the close. Analysts tracked by Investing.com see earnings per share of $2.81 on sales of $3.73 billion. Results have beat estimates for each of the past three quarters. 

2. Triple witching

There's no eco data, no earnings of note, but that doesn't mean it's going to be a quiet day. It's a triple witching Friday. Options and futures on indexes and equities expire, which could lead to an exciting and volatile trading day. Or not. We'll have to wait and see.

3. Juneteenth 

The soon-to-be newly minted federal holiday will not get in the way of trading tomorrow, with the New York Stock Exchange already saying it has no plans to close and the Federal Reserve expecting normal operations Friday and Monday. But next year could be a different story, as the exchange, Fed and other companies are all evaluating their plans for the holiday.

 

 

Adobe, Triple Witching, Juneteenth: 3 Things to Watch
 

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Comments (8)
Muzammil Usama
Muzammil Usama Jun 18, 2021 5:05AM ET
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Good morning
Muzammil Usama
Muzammil Usama Jun 18, 2021 5:04AM ET
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Good morning
Anassawa Global Enterprises
Anassawa Global Enterprises Jun 18, 2021 1:48AM ET
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Hello good morning
Victor Dee
Victor Dee Jun 17, 2021 8:11PM ET
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Oh brother, it never seems to end.  “Pride” month, Black “history” month, Girls History month? We really need a special day for straight, White, Christian, men!  No, let’s make it a whole year.
Waseem Abbbas
waseemabbas831 Jun 17, 2021 8:02PM ET
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what is triple watching..?
Portofino Capital
Portofino Capital Jun 17, 2021 8:02PM ET
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Options and futures on indexes and equities expire
Portofino Capital
Portofino Capital Jun 17, 2021 8:02PM ET
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Heres a better answer: What is triple witching? On the third Friday of every third month, multiple derivatives products expire, giving rise to greater than normal trading volumes. It's commonly called “triple witching” day.
Isaac Bautista
Isaac Bautista Jun 17, 2021 8:02PM ET
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All those shorts getting ready for the summer!
Hà Võ
Hà Võ Jun 17, 2021 6:41PM ET
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hay
Cedric Ward
Cedric Ward Jun 17, 2021 6:39PM ET
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let's go Juneteenth ...! ❤️💪🏿🙏🏿
Michael Becker
Michael Becker Jun 17, 2021 6:39PM ET
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No. Hell no.
Axell Hernandez
Axell Hernandez Jun 17, 2021 6:39PM ET
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What is juneteenth?
Jim Hernandez
Jim Hernandez Jun 17, 2021 6:39PM ET
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ummmm. you may want to ask google.
Silence Dogood
Silence Dogood Jun 17, 2021 4:50PM ET
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Poll thousands of Americans nationally as to whether they even know what this is.. I guarantee you the results will be extremely low because, at best, this is a locally / /regionally celebrated day in Texas. This is dem #$$ kissing at it's best..
Elmer Fudd
Elmer Fudd Jun 17, 2021 4:50PM ET
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Well, now they'll know
Adam Klein
Adam Klein Jun 17, 2021 4:50PM ET
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tell me your racist without actually telling me😎
Michael Becker
Michael Becker Jun 17, 2021 4:50PM ET
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No. Telling you that nobody will care. Except that we don't need another federal holiday.
Silence Dogood
Silence Dogood Jun 17, 2021 4:50PM ET
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Adam Klein  facts aren't racist. The overwhelming majority of Americans couldn't care less what color a person is. It's the actual racists and racism industry who are bringing hate back.. Power and unfair advantage are what the fascist dems are lusting for. EVERYONE can see it clearly, and nobody is being fooled anymore. Those who are still standing bold faced and backing the lies are dwindling in numbers by the day as more blue cities fall into chaos and 3rd world conditions...
 
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