5 things to know before the stock market opens Thursday, July 22

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

1. Wall Street looks to extend its rebound rally to Day 3

A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York, April 16, 2021.

Carlo Allegri | Reuters

2. Another Covid-era low expected for Initial jobless claims

At 10 a.m. ET, The National Association of Realtors issues its June report on existing home sales. Economists expect a 2.2% increase to an annual rate of 5.93 million units. Existing home sales dropped 0.9% in May.

3. AT&T beats estimates for wireless subscriber additions on 5G demand

A pedestrian walks in front of an AT&T location in New York.

Scott Mlyn | CNBC

4. American, Southwest airlines see a huge jump in sales

An American Airlines plane lands at the Miami International Airport on June 16, 2021 in Miami, Florida.

Joe Raedle | Getty Images

A Southwest Airlines Boeing 737-7H4 jet taxis to the gate after landing at Midway International Airport in Chicago, Illinois, on April 6, 2021.

Kamil Krzaczynski | AFP | Getty Images

Southwest also reported a jump in revenue in the quarter. The Dallas-based airline’s sales rose nearly 300% from a year earlier to $4 billion. That was still down 32% from the period in 2019. Net income for the second quarter totaled $348 million, compared with a $915 million loss a year earlier. On an adjusted basis, Southwest lost 35 cents per share, more than expected. Shares of Southwest and American were lower in the premarket.

5. Fauci says vaccinated people ‘might want to consider’ masks indoors

People wearing protective masks shop in a Walmart store on May 18, 2021 in Hallandale Beach, Florida.

Joe Raedle | Getty Images

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