Here are the most important news, trends and analysis that investors need to start their trading day:

1. Stocks to open lower, but July still tracking for gains

Traders at the New York Stock Exchange, July 20, 2021.

Source: NYSE

Wall Street is set to open lower on the final trading day of July as investors got three Dow stock earnings reports and another reading on inflation to digest. Nasdaq futures were leading the way down Friday, with a decline of more than 1% as Amazon shares fell nearly 7% in the premarket after its first revenue miss in three years. The Dow Jones Industrial Average and S&P 500 hit all-time highs during Thursday’s trading and broke two-day losing streaks. But they failed to top Monday’s record closes. The Nasdaq advanced modestly, but still finished about 0.4% away from its latest record close on Monday. All three stock benchmarks were tracking for solid monthly gains.

2. Fed’s favorite inflation gauge slightly…

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