Get ready for a dynamic trading session as key events are poised to move the market. Keep an eye on Campbell’s earnings and CEO insights from HPE. Economic data includes weekly jobless claims, while tech giant Tesla hosts its highly anticipated Cybercab event. Additionally, Uber launches autonomous rides in London, adding another layer of intrigue for investors.
What's Moving the Market: A Look Ahead to Thursday's Trading Session
Get ready for a busy trading day as several key events and earnings reports are set to influence market movements. From economic indicators to high-profile tech launches, here's what Wall Street is watching.
Key Economic Data: Weekly Jobless Claims
The trading session kicks off with a crucial economic release: weekly jobless claims. These figures, due at 8:30 a.m. ET, will be broadcast live on CNBC's "Squawk Box." The consensus estimate points to 205,000 initial claims, a slight uptick from the previous week's 203,000. This data offers insight into the health of the labor market, a key component for economic forecasting.
Earnings Spotlight: Campbell Soup Company
Campbell's (CPB) will be in the earnings spotlight, with the soup giant reporting its latest results live during the 7 a.m. hour of "Squawk Box." While Campbell's shares have seen a respectable 13% rise in the last three months, they remain down 30% from their September 2025 high. Investors will be keen to hear management's outlook and any updates on consumer demand for their products.
CEO Insights: Hewlett Packard Enterprise
Antonio Neri, the CEO of Hewlett Packard Enterprise (HPE), will join the "Squawk on the Street" team at 10 a.m. HPE recently surpassed earnings expectations, but its stock experienced a dip in extended trading. Neri's commentary on ongoing supply chain constraints will be critical. The company's stock has declined over 7% in the past three months and is down 20% from its June peak, making this interview a must-watch for tech investors.
On the Radar: Lululemon, Ambarella, DocuSign, Zscaler
Several other stocks are drawing attention as the market opens:
- Lululemon Athletica: Down 5% over three months and 46% from its December high.
- Ambarella: Shares have fallen 14% in three months and 30% from their November peak.
- DocuSign: Demonstrating strength with nearly a 19% gain in three months and over 40% in six months, though still 25% below its September 2025 high.
- Zscaler (ZS): Up approximately 20% in three months, but trading 50% off its November high.
Tesla's Cybercab Event
All eyes will be on Elon Musk and Tesla as the company hosts its "Cybercab" event. Investors and analysts will be scrutinizing Musk's announcements and vision for the future of autonomous transport. Tesla shares have faced headwinds, currently sitting 28% below their December high. CNBC's Phil Le Beau will be providing coverage.
Major event for Tesla today. What will Elon Musk unveil regarding the Cybercab? All eyes on Austin City Limits. 🚀 #Tesla #Cybercab #ElonMusk
— WallStreetInsider (@WSInsider) June 10, 2024
Uber Launches Autonomous Rides in London
Uber is making headlines with the launch of its autonomous vehicle rides in London. This expansion into a major international market for self-driving technology is a significant development. While Uber shares are down 25% from their September 2025 high, they have seen a positive 8.7% increase in the past month, outpacing rival Lyft's 9% gain over the same period. Both stocks, however, remain well below their November highs. CNBC's MacKenzie Sigalos will report on the story.
