| What to watch today: Stocks fall as S&P 500 and Nasdaq try to shake off down week | | |  | MON, FEB 22, 2021 | | | | AS OF MON, FEB 22, 2021 • 09:31 ET | | Dow Jones Fut | | 31,494.32 | | Current: | 31,270.00 | | Change: | -163.00 | | Impl. Open: | -163.32 | | | S&P 500 Fut | | 3,906.71 | | Current: | 3,876.75 | | Change: | -26.25 | | Impl. Open: | -25.96 | | | NASDAQ 100 Fut | | 13,580.78 | | Current: | 13,408.00 | | Change: | -168.00 | | Impl. Open: | -168.78 | | | Russell 2000 Mini | | 2,266.69 | | Current: | 2,249.60 | | Change: | -15.70 | | Impl. Open: | -13.99 | | | U.S. stocks fell Monday, with the Dow Jones Industrial Average opening down about 0.5% and the Nasdaq down more than 1%, as Treasury yields continued to push higher. The 10-year Treasury yield, which moves inversely to price, traded Monday at about 1.37%, the highest level in almost one year. (CNBC) | | | | The Conference Board releases its January Index of Leading Economic Indicators at 10:00 a.m. ET, expected to see a 0.4% rise after a 0.3% increase in December. | | | | Discovery Communications (DISCA), Dish Networks (DISH) and Royal Caribbean (RCL) are among the companies releasing quarterly earnings this morning. After today's closing bell, Extra Space Storage (EXR), The RealReal (REAL), Occidental Petroleum (OXY) and Palo Alto Networks (PANW) are among those scheduled to issue quarterly numbers. | | Biden also is launching changes Monday to the Paycheck Protection Program to try to reach smaller, minority-owned firms and sole proprietors left behind in previous rounds of aid. For two weeks, starting Wednesday, the Small Business Administration will only accept applications for forgivable PPP loans from firms with fewer than 20 employees. The program was relaunched last month with $284 billion in new funds from a Covid relief bill passed in late December. About $150 billion of PPP money is still available, according to a Biden administration official. (Reuters) | | | | United Airlines (UAL) will temporarily remove 24 of its Boeing 777s (BA) from service after one of the planes bound for Honolulu suffered an engine failure shortly after takeoff from Denver International Airport on Saturday. The plane returned to Denver safely. The FAA ordered the inspection of some Boeing 777 jetliners powered by the same Pratt & Whitney engine, the PW4000. Boeing shares fell 3% in premarket trading. Raytheon, which owns Pratt & Whitney, dropped 2%. United shares slipped less than 1%. | | | | Biden's attorney general nominee, Merrick Garland, is set to appear before the Senate Judiciary Committee today for the beginning of his confirmation hearings. Garland, a federal appears court judge, is expected to be confirmed rather quickly, perhaps by the start of March. In 2016, Garland was nominated to the U.S. Supreme Court by then-President Barack Obama, but failed to receive any hearings to fill the vacancy created by the death of Justice Antonin Scalia. (CNBC) | | | | Dominion Voting Systems has sued Mike Lindell, the CEO of MyPillow and a staunch supporter of former President Donald Trump. In its $1.3 billion defamation suit, Dominion accuses Lindell of promulgating false conspiracies about the November presidential election "because the lie sells pillows." In an interview with CNBC, Lindell pushed back on Dominion's claims that his company profited from his election rhetoric. (CNBC) | | Elliott Management has taken a stake in life insurer Principal Financial Group (PFG), according to a Bloomberg report, and plans to push for changes at the company. The hedge fund is said to be near a deal to gain board seats and will launch a strategic review. | | | | People's United Financial (PBCT) is near a deal to be bought by M&T Bank (MTB) for more than $7 billion, according to people familiar with the matter who spoke to the Wall Street Journal. The deal could be announced as soon as this week. | | | | Zillow (Z) has rolled out a "virtual tour" feature for listed properties, which ties pictures and videos to floor plans. The real estate website operator is now available in 25 U.S. regions, and is an alternative to prerecorded video tours. | | | | Starboard Value Acquisition (SVAC) is nearing a deal to merge with data center company Cyxtera Technologies, according to people familiar with the matter who spoke to the Wall Street Journal. The deal would be valued at about $3.4 billion including assumed debt. Starboard Value Acquisition is a special purpose acquisition company run by activist investor Starboard Value. | | | | A group of private equity firms now controls a 9.5 percent stake in retailer Kohl's (KSS), and the Wall Street Journal reports that the group is attempting to take control of the board of directors. The group is the same one that teamed up to push for change at retailer Bed Bath & Beyond (BBBY). | | | | GameStop (GME) shares are higher in pre-market trading, following news that Keith Gill who became famous on Reddit's WallStreetBets forum doubled his stake in the video game retailer to 100,000 shares. | | |
Tidak ada komentar:
Posting Komentar