| What to watch today: Futures rise ahead of jobs report after worst quarter in 2 years | | |  | FRI, APR 01, 2022 | | | | AS OF FRI, APR 01, 2022 • 08:13 ET | | Dow Jones Fut | | 34,678.35 | | Current: | 34,793.00 | | Change: | 175.00 | | Impl. Open: | 219.65 | | | S&P 500 Fut | | 4,530.41 | | Current: | 4,552.75 | | Change: | 22.00 | | Impl. Open: | 28.34 | | | NASDAQ 100 Fut | | 14,838.49 | | Current: | 14,949.25 | | Change: | 80.50 | | Impl. Open: | 108.76 | | | Russell 2000 Mini | | 2,070.13 | | Current: | 2,076.90 | | Change: | 10.50 | | Impl. Open: | 8.77 | | | Treasury spreads could be influenced by the jobs reports Friday, one day after the 2-year yield briefly rose above the 10-year yield for the first time since 2019, an inversion that often happens before economic recessions. The short-duration yields going above the longer-dated ones signal the market concerns that the Fed might raise interest rates too quickly. (CNBC) | | | | A strong jobs report Friday could give the Fed more confidence to keep its aggressive rate-boosting plan in place this year aimed at fighting inflation without slowing the economy too much. Economists expect 490,000 jobs were added in March. The nation's unemployment rate is expected to drop slightly to 3.7% in March. (CNBC) | | | | Shares of GameStop (GME) jumped 15% in Friday's premarket, the morning after the video game retailer announced plans for a stock split. GameStop said it will seek approval at its next shareholder meeting for an increase in the number of Class A common stock from 300 million to 1 billion shares to partly conduct a split in the form of a stock dividend. | | President Joe Biden will invoke the Defense Production Act to encourage domestic production of minerals required to make batteries for electric vehicles and long-term energy storage. The president's order could help companies receive government funding for feasibility studies on projects that extract material. (CNBC) | | | | Union supporters at Amazon's (AMZN) warehouse in Bessemer, Alabama, on Thursday appeared headed toward defeat for a second time. However, with hundreds of contested ballots at play, the election results are still too close to call. (CNBC) |  | J.P. Morgan Securities removed Apple (AAPL) from its "Analyst Focus List," saying a moderation in consumer spending may limit benefits from the iPhone SE launch and the potential for upside in services revenue. However, the firm retained an overweight rating on the stock. | | | | BlackBerry (BB) earned an unexpected profit for its latest quarter, but the communications software company's revenue fell below analyst forecasts. The revenue miss came as growth in its cybersecurity unit flattened. Shares slid 4.4% in premarket trading. | | | | Wynn Resorts (WYNN) added 1.6% in the premarket after Citi upgraded it to buy from neutral. Citi cites increasing clarity over regulations and licenses in Macau as well as an attractive valuation. | | | | Hycroft Mining (HYMC), the small-cap mining company best known for an investment from movie theater chain AMC Entertainment (AMC), added 3% in the premarket after reporting a smaller-than-expected quarterly loss. AMC shares rallied 4.6%. | | | | Poshmark (POSH) slid 2.2% in premarket trading after Stifel cut its rating to hold from buy. Stifel said the online clothing marketplace faces numerous growth challenges despite healthy profit potential and a highly engaged user base. | | |
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