Home Uncategorized Alphabet, Pinterest, Mondelez: What to Watch When the Stock Market Opens Today

Alphabet, Pinterest, Mondelez: What to Watch When the Stock Market Opens Today


Alphabet, Pinterest, Mondelez: What to See When the Stock Exchange Opens Today

< img src=" https://images.wsj.net/im-330866/social" class=" ff-og-image-inserted "/ > Here’s what we’re viewing ahead of Wednesday’s opening bell.

  • U.S. stock futures wobbled as investors awaited insights from the Federal Reserve on the financial healing as well as profits reports from giant technology companies.
  • Futures tied to the broad S&P 500 edged up 0.1%, while Dow Jones Industrial Average futures edged down 0.1%. Nasdaq-100 futures also moved 0.1%, indicating additional weak point for tech stocks a day after they pulled broader indexes lower. Read our complete market wrap here.
What’s Turning up
  • Incomes are due from Apple, Facebook, Qualcomm, MGM Resorts and Ford after the close.
  • The Federal Reservereleases a policy declaration at 2 p.m. ET and Chairman Jerome Powell holds an interview at 2:30 p.m.
Market Movers to See
  • Alphabet shares leapt more than 5% premarket after the Google parent said it would repurchase an additional $50 billion in shares, fulfilling the dreams of financiers who had been keeping track of the business’s swelling money reserves.
  • Pinterest shares plunged more than 11% ahead of the bell. The online-pinboard business reported 78% on-the-year revenue development for the very first quarter, however its user development disappointed analysts’ expectations as pandemic limitations eased.
  • Mondelez added 2.5% premarket after the maker of Oreos and other food and drinks reported first-quarter profit and sales above expectations.
  • Capital One shares rose 2.7% ahead of the bell. The bank holding business focusing on credit cards, vehicle loans, banking and savings accounts reported a swing to profit in the very first quarter, beating analyst expectations.
  • Visa ticked up 0.9% in off-hours trading after its newest earnings revealed some healing in costs amid the pandemic.
  • Starbucks shares slipped 1.4% premarket. The coffee chain stated it is operating more effectively than prior to the pandemic struck, as it reported a bump-up in quarterly sales.
Market Truths
  • Over current days, firms qualified to get involved in the New york city Fed’s reverse repo center and its 0% return have gone from neglecting it to pumping in money. The Federal Reserve Bank of New york city took in $142.17 billion Tuesday and $101 billion Monday, in what were both overnight operations.
  • Iron-ore rose to an all-time high on the back of flourishing steel markets. The price paid for iron ore hit $193.85 a metric load on Tuesday, according to a daily cost published by S&P Global Platts. That exceeded a record of $193 a lot reached in February, 2011.
  • On this day in 1942, the World War II bearishness hit bottom, as the Dow Jones Industrial Average closed at 92.92, down 0.97 points for the day and 16.3% for the year to date. Over the next four years, the marketplace more than doubled.
Chart of the Day

Shares in obscure technology business MicroVision have almost doubled in the past week as private financiers pile in.

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Published at Wed, 28 Apr 2021 11:06:00 +0000

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