A Peek Into The Markets: US Stock Futures Gain; Inflation Data In Focus
Pre-open movers
U.S. stock futures traded higher in early pre-market trade after closing mixed in the previous session. Investors are awaiting earnings results from The Walt Disney Company NYSE:DIS, Performance Food Group Company NYSE:PFGC and The Wendy's Company NASDAQ:WEN.
The Consumer Price Index for April will be released at
Check out our premarket coverage here
Futures for the Dow Jones Industrial Average jumped 237 points to 32,324.00 while the Standard & Poor's 500 index futures rose 36.25 points to 4,033.00. Futures for the Nasdaq index rose 134.75 points to 12,483.75.
Oil prices traded higher as Brent crude futures rose 3% to trade at
The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 83,778,760 with around 1,025,100 deaths.
Check out this: General Motors And 3 Other Stocks Insiders Are Selling
A Peek Into Global Markets
European markets were higher today. The STOXX Europe 600 Index gained 1%,
Asian markets traded mostly higher today.
Broker Recommendation
Stifel downgraded Carvana Co. NYSE:CVNA from Buy to Hold and lowered the price target from
Carvana shares fell 2.4% to
Check out this: Executives Buy Around
Breaking News
- Electronic Arts Inc NASDAQ:EA reported upbeat adjusted earnings for the fourth quarter ended
March 31 , while sales came in slightly below estimates. The company also issued weak Q1 adjusted sales forecast. - Nio, Inc. NASDAQ:NIO confirmed Wednesday its secondary listing in
Singapore is expected to happen later this month. - Wynn Resorts, Limited NASDAQ:WYNN posted downbeat results for its first quarter on Tuesday.
- YETI Holdings, Inc. NYSE:YETI posted better-than-expected earnings for its first quarter and sees FY22 sales increasing 18% to 20%.
Check out other breaking news here