Snap, Intel, Mattel: What to Watch When the Stock Market Opens | Sidnaz Blog

Here’s what we’re watching ahead of Friday’s opening bell.

  • U.S. stock futures edged up as investors assessed fresh data on how manufacturing and services world-wide are faring in the second quarter.
  • Futures tied to the S&P 500 ticked 0.2% higher, and Nasdaq-100 futures edged up 0.2%, pointing to muted gains in technology stocks after the open. Read our full market wrap.
What’s Coming Up
  • IHS Markit’s preliminary U.S. manufacturing index for April, due at 9:45 a.m. ET, is expected to rise to 60.5 from 59.1 at the end of March, and the services index is expected to rise to 61.0 from 60.4.
  • U.S. new home sales, due at 10 a.m., are expected to rise to an annual pace of 888,000 in March from 775,000 a month earlier.
Market Movers to Watch
  • Snap


    SNAP -2.14%

    shares shot 4.8% higher ahead of the bell. The social-media company’s daily active users reached 280 million, up strongly from a year earlier, though the social-media company posted another quarterly loss.

  • Intel


    INTC -1.77%

    shares dropped 2.1% premarket. The semiconductor giant’s new chief executive said a global chip-supply shortage could stretch two more years as the company posted weaker quarterly earnings.

  • Kimberly-Clark


    KMB -0.81%

    just delivered its earnings report, and its stock subsequently dropped and is now down 4.3% premarket.

  • Mattel


    MAT 0.14%

    shares climbed 7.3% premarket. The toymaker raised financial projections for the year, pointing to strong sales trends including its iconic Barbie doll.

Barbie dolls from Mattel, Feb. 21, 2020.



Photo:

carlo allegri/Reuters

  • American Express


    AXP -0.01%

    shares slipped 3.2% premarket after the card company’s first-quarter revenue came up short of expectations.

  • Honeywell


    HON -0.54%

    shares fell 1.4% premarket after the company posted roughly flat revenue and a smaller profit for the first quarter amid a decline in sales in its aerospace segment.

  • Regions Financial


    RF -1.27%

    edged up 0.5% premarket after the Alabama-based regional bank reported first-quarter profit and revenue that rose above expectations, while net interest income came up shy.

Market Facts
Chart of the Day
Must Reads Since You Went to Bed

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: