| What to watch today: Wall Street to open higher after back-to-back Dow gains | | |  | THU, APR 21, 2022 | | | | AS OF THU, APR 21, 2022 • 08:02 ET | | Dow Jones Fut | | 35,160.79 | | Current: | 35,341.00 | | Change: | 262.00 | | Impl. Open: | 278.21 | | | S&P 500 Fut | | 4,459.45 | | Current: | 4,497.00 | | Change: | 41.50 | | Impl. Open: | 42.25 | | | NASDAQ 100 Fut | | 13,998.53 | | Current: | 14,190.50 | | Change: | 185.75 | | Impl. Open: | 191.97 | | | Russell 2000 Mini | | 2,038.19 | | Current: | 2,057.50 | | Change: | 20.80 | | Impl. Open: | 22.01 | | U.S. stock futures rose Thursday, with the Nasdaq set to join the rally, ahead of an afternoon panel discussion including Fed Chairman Jerome Powell. First-quarter earnings reports drove premarket moves, with Tesla soaring 7% after better-than-expected results and American (AAL) and United (UAL) surging 11.5% and 8.5%, respectively, after the airlines forecast profits ahead. (CNBC)
The Dow advanced 0.7% on Wednesday for a second straight day of gains. The S&P 500 dipped but basically ended flat. The Nasdaq lost 1.2% as Netflix (NFLX) cratered 35% on subscriber concerns. The streaming giant fell another 1.5% in Thursday's premarket. (CNBC) | | | | The 10-year Treasury yield rose Thursday but remained below Tuesday's more than three-year high of 2.94%. Investors are hoping for more clarity from Powell on the Fed's plans for additional interest rate hikes this year after a number of regional central bank presidents, even a couple of doves, have recently called for an accelerated tightening cycle to fight inflation. (CNBC) | | Pershing Square dumped its entire stake in Netflix on Wednesday following the streamer's disappointing quarterly report, founder and CEO Bill Ackman said in a letter to shareholders. "One of our learnings from past mistakes is to act promptly when we discover new information about an investment that is inconsistent with our original thesis, Ackman wrote. (CNBC Pro) | | | | The Florida House on Thursday is expected to take up a state Senate-passed bill to repeal a law that allows Disney (DIS) to operate a private government over its properties there. The move, pushed by Republican Florida Gov. Ron DeSantis, escalates a feud with the entertainment giant over its opposition to the state's so-called Don't Say Gay law. (AP) | | | | An arbitrator ordered Donald Trump's presidential campaign to pay $1.3 million in legal fees to Omarosa Manigault Newman, the former "Apprentice" star whom the campaign unsuccessfully sued over a book about her tenure as a White House advisor, her lawyer said Wednesday. (CNBC) |  | Blackstone (BX) jumped 4% in the premarket after reporting better-than-expected profit and revenue for the first quarter, helped by strong results from its real estate and credit operations. | | | | AT&T (T) beat estimates on quarterly earnings and revenue. Those numbers exclude the results of the now spun-off WarnerMedia unit, with AT&T benefiting from an increase in wireless revenue. AT&T added 1.4% in the premarket. | | | | Xerox (XRX) tumbled 7.3% in the premarket after reporting an adjusted quarterly profit of 12 cents per share, 1 cent below consensus. The office equipment maker was hurt by inflation pressures and supply chain issues. | | | | Chemical maker Dow Inc. (DOW) added 2.1% in the premarket after beating estimates on both the top and bottom lines, helped by strong demand and higher prices. | | | | Sleep Number (SNBR) tanked 10.6% in premarket trading following a top and bottom-line miss for its latest quarter. Supply chain issues impacted results. | | | | Carvana (CVNA) lost $2.89 per share for its latest quarter, wider than the $1.44-per-share loss analysts were anticipating. While revenue beat estimates, the online auto seller saw its first-ever quarterly sales decline. Carvana fell 5% in the premarket. | | | | CSX (CSX) beat estimates by 2 cents with quarterly earnings of 39 cents per share, and the railroad operator's revenue also topped forecasts. CSX handled fewer shipments, but that was more than offset by an increase in shipping rates. CSX rose 2% in premarket trading. | |  | | |
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