| What to watch today: Stocks relatively flat after another S&P 500 record high | | |  | FRI, APR 09, 2021 | | | | AS OF FRI, APR 09, 2021 • 08:41 ET | | Dow Jones Fut | | 33,503.57 | | Current: | 33,456.00 | | Change: | 66.00 | | Impl. Open: | 67.43 | | | S&P 500 Fut | | 4,097.17 | | Current: | 4,090.00 | | Change: | 1.00 | | Impl. Open: | 1.83 | | | NASDAQ 100 Fut | | 13,758.50 | | Current: | 13,699.50 | | Change: | -48.25 | | Impl. Open: | -48.00 | | | Russell 2000 Mini | | 2,242.60 | | Current: | 2,245.90 | | Change: | 6.70 | | Impl. Open: | 11.80 | | | Lending support to stocks, Federal Reserve Chairman Jerome Powell on Thursday called the U.S. economic recovery from the Covid pandemic "uneven" and said temporarily higher prices won't lead to worrisome inflation. Those comments offered investors a reassurance that ultra-accommodative Covid-era monetary policies won't change soon. (CNBC) | | | | The 10-year Treasury yield ticked higher Friday, but remained below 1.7% and March's run of 14-month highs. The bond market has been at odds with the Fed this year, as traders push yields up on the belief that stronger economic growth and inflation will force central bankers to hike near-zero short-term interest rates and taper massive asset purchases sooner than forecast. (CNBC) | U.S. coronavirus cases are creeping higher. Even with the U.S. vaccinating about 3 million people per day and nearly 20% of the American population fully inoculated, new daily Covid cases and deaths were still, respectively, averaging over 66,000 and nearly 1,000. (JHU & CDC)
In a fast-deteriorating situation in Brazil, that country this week became just the third, after the U.S. and Peru, to report a 24-hour tally of Covid deaths that exceeded 4,000. In the state of Rio de Janeiro, emergency services are under their biggest strain since the pandemic began. (AP) | | | | Southwest Airlines (LUV) is recalling more than 2,700 flight attendants from leaves of absence, in anticipation of a rebound in summer travel demand. That follows the recall of more than 200 pilots by the airline last week. (Reuters) | | | It's been more than a year since Disney's (DIS) two California theme parks were forced to shutter due to the coronavirus pandemic. However, the company's theme park division hasn't been standing idly by waiting to reopen. Here's what to expect when Disneyland and California Adventure reopen on April 30. (CNBC)
* Avengers Campus will open at Disneyland on June 4 (CNBC) | | | | Chipotle Mexican Grill (CMG) shares rose in Friday's premarket after rising for the past six sessions in a row. The stock was up 1.6% yesterday after Wedbush analyst Nick Setyan reiterated an "outperform" rating on data indicating that same-restaurant sales growth is near the high end of the company's forecast. Chipotle shares have nearly doubled over the past 12 months. | | | | AT&T (T) said it would record a non-cash gain of $2.8 billion for the first quarter related to its pension plan, as distributions exceed a threshold that would have required it to re-measure its pension obligations. | | | | WD-40 (WDFC) fell 8 cents a share short of estimates, with quarterly earnings of $1.24 per share. The lubricant maker's revenue also came in below analysts' projections. The company said supply chain issues hurt its ability to meet customer demand, and its stock tumbled 7.9% in the premarket. | | | | FuboTV (FUBO) won the streaming rights to the Qatar World Cup 2022 qualifying matches involving the 10 teams in the South American Football Confederation. Terms of the deal were not disclosed. The stock surged 6.2% in the premarket. | | | | Bridgetown Holdings (BTWN), a SPAC backed by billionaire investors Peter Thiel and Richard Li, is in advanced talks to take Indonesia-based travel services company Traveloka public, according to people familiar with the matter who spoke to Bloomberg. Bridgetown shares added 3.5% in premarket trading. | | | | Okta (OKTA) shares rose 2.5% in premarket trading after a 7.2% gain Thursday. That followed a meeting with analysts at which the maker of identity management software reiterated its guidance for the year and introduced two new products that could expand its addressable market. | | | | PriceSmart (PSMT) reported higher quarterly profit and sales compared to a year ago, though the discount retailer's results were below estimates from the few analysts that cover the company. PriceSmart said the pandemic continues to weigh on its business in certain markets. | | | | China regulators are set to clear the purchase of the country's third-largest search engine by tech giant Sogou (SOGO) Tencent Holdings, according to people with knowledge of the matter who spoke to Reuters. Tencent is planning to pay $3.5 billion for the 60% of Sogou that it does not already own. Sogou shares jumped 6.2% in premarket action. | | Nike (NKE) said a Brooklyn company that made "Satan Shoes" in collaboration with the rapper Lil Nas X agreed to voluntarily recall the shoes, which sold for $1,018 per pair, as part of a legal settlement with the athletics giant. (Reuters) | | |
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