| What to watch today: Nasdaq, S&P 500 futures hit by another jump in Treasury yields | | |  | THU, MAR 18, 2021 | | | | AS OF THU, MAR 18, 2021 • 09:08 ET | | Dow Jones Fut | | 33,015.37 | | Current: | 32,883.00 | | Change: | -21.00 | | Impl. Open: | -17.37 | | | S&P 500 Fut | | 3,974.12 | | Current: | 3,935.25 | | Change: | -28.25 | | Impl. Open: | -28.87 | | | NASDAQ 100 Fut | | 13,202.38 | | Current: | 12,966.25 | | Change: | -222.75 | | Impl. Open: | -226.13 | | | Russell 2000 Mini | | 2,336.39 | | Current: | 2,315.90 | | Change: | -18.50 | | Impl. Open: | -11.29 | | | Despite Fed assurances that near-zero rates likely won't rise through 2023, the 10-year Treasury yield Thursday touched 1.74%, a high back to January 2020, as traders continued to battle central bankers on rates. In addition to releasing projections Wednesday afternoon following its two-day March meeting, the Fed left rates and its asset purchase program unchanged. (CNBC) | America's top diplomat early Thursday pressed China to use its "tremendous influence" to convince North Korea to abandon its nuclear program, hours after reclusive Pyongyang vowed to ignore any U.S. overtures to resume negotiations. Secretary of State Antony Blinken spoke at the end of security talks with South Korea in Seoul. (AP)
Blinken will meet senior Chinese officials in Anchorage, Alaska, on his way back to Washington later Thursday. Ties between the world's two largest economies have been torn for years and the Biden administration has yet to signal whether it's ready or willing to back down from the hard-line stance taken under former President Donald Trump. (AP) | | | | Dollar General (DG): Dollar General shares tumbled 6.1% in premarket action after the discount retailer missed estimates by 10 cents a share, with quarterly earnings of $2.62 per share. The company exceeded revenue estimates as comparable-store sales increased more than expected. | | | | Signet Jewelers (SIG): The jewelry retailer's stock jumped 5.7% in premarket trading following an upbeat quarterly report. Signet earned $4.15 per share, compared to a consensus estimate of $3.54 a share. Revenue came in above estimates as well amid strong comparable-store sales. | | | | Petco (WOOF): In its first report since going public in January, the pet supplies retailer reported quarterly profit of 17 cents per share, 6 cents a share above estimates. Revenue also came in above Wall Street forecasts, with comparable-store sales up 17%. Shares gained 3.2% in the premarket. | | | | Accenture (ACN): The consulting firm reported quarterly profit of $2.23 per share, beating the consensus estimate of $1.90 a share. Revenue topped forecasts as well. Accenture also raised its earnings forecast, as more companies utilize its services to move to cloud-based operations. Accenture added 2.2% in premarket trading. | | | | Apple (AAPL): Apple is planning to launch a new line of iPads as early as next month, according to a Bloomberg report. iPad sales have been boosted over the past year, as more people worked and attended school remotely due to the pandemic. Apple fell 1% in premarket action. | | | | Five Below (FIVE): The discount retailer beat estimates by 9 cents a share, with quarterly profit of $2.20 per share. Revenue was above Wall Street forecasts as well, boosted by a 14% jump in comparable-store sales. Shares rallied 5.7% in premarket trading. | | | | Williams-Sonoma (WSM): Williams-Sonoma reported quarterly earnings of $3.95 per share compared to a consensus estimate of $3.39 a share. The housewares retailer's revenue beat estimates as well, helped by people spending more time at home amid the pandemic. The company also announced an 11% dividend hike and authorized a $1 billion share repurchase program. Williams-Sonoma surged 11.1% in premarket action. | | | | PagerDuty (PD): PagerDuty lost 7 cents per share for its latest quarter, less than the 11 cents a share that Wall Street analysts were anticipating. The operations software company's revenue beat forecasts, but is expecting a wider full-year loss than analysts have been forecasting. Shares fell 4.4% in the premarket. | | | | Nikola (NKLA): Nikola said South Korean stakeholder Hanwha plans to sell up to half its stake in the electric truck maker this year, reducing its 5.65% stake. Nikola added that the maker of optoelectronic components remains an "Important strategic partner." Its shares lost 3.6% in premarket action. | | | | Lordstown Motors (RIDE): Shares fell 4.2% in premarket trading after Lordstown said it had received a Securities and Exchange Commission request for information regarding accusations made in a report by short-seller Hindenburg Research. The report accused the electric vehicle maker of misleading consumers and investors, but Lordstown has said the report was full of "lies and half-truths." | | | | Sundial Growers (SNDL): Shares of the Canada-based cannabis producer rose 8.4% in premarket trading after it reported better-than-expected revenue for its latest quarter. The company also said it successfully restructured the company during 2020, positioning it for future success. The stock surged 7.8% in the premarket. | | | | National Grid (NGG): National Grid is buying the United Kingdom distribution grid unit of Pennsylvania-based PPL Corp. (PPL) for $10.9 billion. At the same time, the multinational power company is selling Rhode Island-based Narragansett Electric Company to PPL for $3.8 billion. PPL added 1.7% in premarket trading. | | | | Peloton (PTON): Peloton CEO John Foley told Bloomberg news that the fitness equipment maker has expanded its production capacity by 700% over the past year, and that its supply of exercise bicycles is now close to meeting demand. Peloton fell 1.7% in the premarket. | |  | | |
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