The markets have been experiencing increased volatility during August, with significant intraday stock swings. Key labor data to be released on Thursday could further fuel concerns of an economic downturn. S&P 500 futures saw a slight increase after a market dip on Wednesday. Eli Lilly reported strong Q2 profits due to the success of its diabetes drug, resulting in a 10% boost in stock price. European and Asian stocks dipped, erasing some of Wednesday’s gains. Oil prices decreased while cryptocurrency prices increased. The upcoming jobless data release and the Treasury Department’s bond auction are also notable factors to monitor.
