Rivian, FedEx, Cerner, Oracle: What to | Stock Market News Today


Stock futures are down at the end of a week that saw major central banks chart divergent courses as they confront inflation. Here’s what we’re watching in Friday’s action:

Cerner’s stock got a premarket boost after it was reported that Oracle was in talks to acquire the company.



Photo:

Kris Tripplaar/Sipa USA/Associated Press

Chart of the Day
  • Investors say Chinese authorities are likely to ease up somewhat on the embattled real-estate sector and to loosen monetary policy, helping support Chinese corporate borrowers more broadly.

Write to James Willhite at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8



Source link

Tagged : / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / /

Nike, FedEx, CarMax: What to Watch When the Stock Market Opens | Sidnaz Blog


Wall Street indexes are poised for gains to close out a multiple-record-setting week. Here’s what we’re watching as Friday’s trading gets going.

  • U.S. stock futures edged higher, putting the S&P 500 on track to close out its best week in more than two months amid renewed confidence in the global economic expansion.
  • Futures for the S&P 500 ticked up 0.1% a day after the broad stocks gauge posted a record closing high for the 30th time in 2021. Contracts for the Dow Jones Industrial Average rose 0.3% and futures on the technology-heavy Nasdaq-100 advanced 0.1%. Read our full market wrap.
What’s Coming Up
Market Movers to Watch
  • Nike


    NKE 0.38%

    shares are sprinting higher, up 13% premarket after the sneaker giant reported sales for the May quarter that nearly doubled from the year-ago period.

A pair of ‘Nike Air Yeezy 1’ prototype sneakers designed by Kanye West, are displayed at the Hong Kong Convention and Exhibition Centre before going up for private sale at Sotheby’s, April 16, 2021.



Photo:

joyce zhou/Reuters

  • CarMax


    KMX 0.98%

    shares put the pedal to the metal with a 5.5% premarket jump after the used-car retailer blew past earnings estimates for its fiscal first quarter.

  • FedEx


    FDX 2.13%

    delivered some tough news to investors: The company said it would boost capital spending by 22% this year to add capacity to its network, after a surge in e-commerce packages caused ground delivery delays. Shares were down 3.8% ahead of the bell. Rival

    United Parcel Service


    UPS 1.02%

    also pulled back 1.3%.

  • Progress Software


    PRGS 1.16%

    ticked down 1.7% in off-hours trading. The business software company provided a disappointing quarterly outlook, though it otherwise topped expectations.

  • Vulcan Materials


    VMC 3.27%

    shares got a ratings upgrade from Jefferies, which also lifted its price target for the stock. Its shares added 3% premarket.

Market Facts
  • The S&P 500 Value index is down 1.9% this month, on track for its worst month since October, as investors have piled into growth stocks, reversing a monthslong trend.
  • The KBW Nasdaq Bank Index is up about 28% this year, more than double the S&P 500’s 13.5% gain. The Federal Reserve on Thursday said it would end temporary limits on dividend payments and share buybacks after U.S. banks performed well in annual stress tests.
  • On this day in 1974, Texas Instruments and three of its key engineers, Jack S. Kilby, Jerry D. Merryman, and James H. VanTassel, received U.S. Patent No. 3,819,921 for their hand-held aluminum calculator. The gizmo was 1 3/4” thick and weighed 2 lbs., 13 oz. It could add, subtract, multiply, and divide, and sold for between $84.95 and $119.95.
Chart of the Day
Must Reads Since You Went to Bed

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



Source link

Tagged : / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / /

Latest News Today – 8 Dead In Shooting At FedEx Unit In Indianapolis, US:


The issue of gun regulation in the United States is politically fraught. (Representational)

Washington, United States:

At least eight people were killed in a shooting in the US city of Indianapolis by a gunman who is believed to have then killed himself, police said.

The victims were all found at a Fedex facility near the international airport where the shooting took place late Thursday, police spokeswoman Genae Cook told a news conference, adding several others had been taken to hospital.

One man who said he works at the plant told local broadcaster WISH-TV he saw the gunman start shooting and heard more than 10 gunshots.

“I saw a man with a sub-machine gun of some sort, an automatic rifle, and he was firing in the open. I immediately ducked down and got scared,” Jeremiah Miller said.

Cook told reporters officers had responded to an “active shooter incident,” adding they believe the gunman died by suicide.

She said authorities judged there was no longer an immediate threat to public safety.

A Fedex spokesperson confirmed to AFP that its facility was the scene of the shooting, and said the company was cooperating with authorities.

“We are aware of the tragic shooting at our ground facility near the Indianapolis airport,” the company said in a statement.

“Safety is our top priority, and our thoughts are with all those who are affected.”

The facility for the delivery company is reported to employ more than 4,000 people.

Timothy Boillat, another employee at the facility, told WISH-TV that he saw around 30 police cars arriving at the scene as he witnessed the shooting unfold.

“After hearing the shootings, I did see a body on the floor,” he said.

“Luckily, I was far enough away to where he [the shooter] didn’t see me.”

Spate of shootings

Live video showed police tape at the scene of the incident, which follows several mass shootings in recent weeks.

At the end of last month, four people, including a child, were shot dead in an office building in southern California.

On March 22, 10 people were killed in a shooting at a grocery store in Boulder, Colorado.

That came less than a week after a man shot and killed eight people, including six women of Asian descent, at spas in Atlanta, Georgia.

Nearly 40,000 people in the United States die each year from guns, more than half of those being suicides.

The issue of gun regulation in the United States is politically fraught.

President Joe Biden this month announced six executive measures he said would help stem the gun violence crisis.

“It’s an international embarrassment,” Biden told Congress members and gun control activists at a White House ceremony.

“Enough prayers,” the Democrat said. “Time for some action.”

The move was immediately attacked by Republicans, with the party’s senior leader in the House of Representatives, Kevin McCarthy, warning of “unconstitutional overreach.”

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



Source link

Tagged : / / / / / / / / /

FedEx, Nike, Boeing: 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 ticked higher, with technology stocks poised to lead the rebound, as bond markets calmed and the 10-year Treasury yield eased down from a 14-month high.

S&P 500 futures edged up 0.4%, leaving the broad-market index on track for a tepid drop this week. Contracts linked to the Nasdaq-100 rose 0.7% and Dow futures ticked up 0.2%, leaving the blue-chips index on track to advance for a third straight week. Read our full market wrap here.

What’s Coming Up

The Baker Hughes rig count, a proxy for drilling activity, is out at 1 p.m. ET. U.S. crude prices are up 1.4% Friday morning, after dropping more than 7% on Thursday.

Market Movers to Watch

Nike


NKE -1.14%

shares dropped 2.5% ahead of the bell. The sportswear company posted modest growth of 2.5% in its latest quarter, saying a global container shortage and U.S. port congestion squeezed its inventory.

FedEx


FDX -0.88%

shares climbed 3.5% premarket. In the quarter ended Feb. 28, FedEx’s package volumes rose 25% in its Ground unit, which handles most of its e-commerce deliveries and the bulk of its holiday shopping orders.

FedEx has been handling a surge in e-commerce orders during the Covid-19 pandemic.



Photo:

Agence France-Presse/Getty Images

—Shares of

Sarepta Therapeutics


SRPT -2.17%

jumped 5.3% premarket. The biotechnology firm reported the results of a study of a gene therapy for a type of muscular dystrophy after Thursday’s close.

Extra Space Storage


EXR 0.58%

shares fell 2% premarket. The real-estate investment trust on Thursday evening said it would offer another 1.6 million shares of common stock.

Boeing


BA -2.86%

added 1.2% premarket. NASA’s plans for a lunar mission this year remain on track after a deep-space rocket made by Boeing passed a key milestone during an engine test on Thursday.

Market Fact

As of March 1, the

Bank of Japan’s

stockholdings were worth more than $450 billion, according to NLI Research Institute, making it the single largest holder of shares in the Tokyo market.

Chart of the Day

European buyout giant

EQT AB


EQT 0.71%

‘s shares have more than tripled in less than two years since its initial public offering, far outpacing better-known, much-larger U.S. rivals such as

Blackstone Group Inc.


BX -4.02%

and

Apollo Global Management Inc.


APO -1.56%

Must Reads Since You Went to Bed

The New Stimulus Bill Offers Big Benefits for Families

Economy Revs Up as Americans Spend on Flights, Dining Out

Companies Wrestle With Hybrid Work Plans—Awkward Meetings and Midweek Crowding

States Reopened, but Covid-19 Fears Threaten to Keep Consumers Away

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



Source link

Tagged : / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / /

Tesla, American Outdoor Brands, Dollar General: What to Watch | Sidnaz Blog


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

U.S. stock futures fell a day after the Federal Reserve’s outlook and policy statement lifted both the Dow and the S&P 500 to records. Futures tied to the S&P 500 lost 0.7% while Dow futures were flat. Contracts for the Nasdaq-100 index fell 1.6%. Read our full market wrap here.

—Jobless claims rose last week to 770,000 from 725,000 the previous week. Economists surveyed by The Wall Street Journal had expected filings to fall to 700,000.

What’s Coming Up

Earnings are due from

Nike


NKE 0.12%

and

FedEx


FDX 1.93%

after the close.

The Conference Board’s leading economic index for February, due at 10 a.m., is expected to rise 0.3% from a month earlier.

—On the conference circuit, Citigroup’s Communication Services Conference takes places virtually in London.

Market Movers to Watch

Tesla


TSLA 3.68%

shares fell 2.7% in premarket trading. U.S. safety regulators are investigating a crash involving a Tesla vehicle that hit a patrol car in Michigan, the latest in a series of accidents that have heightened regulatory scrutiny of the electric-vehicle maker.

The Tesla showroom at the Chamtime Plaza in Shanghai, March 8, 2021.



Photo:

Qilai Shen/Bloomberg News

—Shares of

American Outdoor Brands


AOUT 3.02%

jumped more than 10% premarket. The outdoor-accessories company swung to a profit in the third quarter of fiscal 2021.

Dollar General


DG -3.12%

fell 4.8% premarket. The Tennessee-based discount retailer said sales could fall this fiscal year.

Coherent


COHR 3.26%

shares gained 3.2%.

II-VI


IIVI 2.21%

submitted a new takeover offer for the laser maker—the object of a frenzied bidding war—valued at roughly $7 billion. Read the full story here.

—Technology stocks took another leg lower. Shares of

Facebook,


FB 1.69%

Apple,


AAPL -0.65%

Amazon


AMZN 1.42%

and Google-parent

Alphabet


GOOG -0.07%

are down between 1% and 1.6% ahead of the bell.

Market Fact

The dollar has risen nearly 2.5% against the currencies of the U.S.’s major trading partners since early January. Some had predicted declines of up to 20% in 2021. The reason for the surprise advance: The U.S.’s economic prospects look brighter than those of many other countries.

Chart of the Day

Uber’s shares hit record highs last month, as investors saw nothing but open road ahead with the pandemic easing and the world opening back up. Now a court ruling could make for an unforeseen roadblock.

Must Reads Since You Went to Bed

Stopped Saving for Retirement During the Pandemic? Don’t Panic

Investors Fear Inflation Might Reverse Dollar Gains

Powell Can’t Let Markets See Him Sweat

Credit Suisse Names Asset-Management Head in Post-Greensill Reshuffle

Art World Gets Crash Course in NFTs; a Frenzy Ensues

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



Source link

Tagged : / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / /