Early Look

Thursday, April 21, 2022

Futures Up/Down % Last
Dow 215.00 0.62% 35,296
S&P 500 35.25 0.80% 4,491
Nasdaq 159.50 1.14% 14,163

 

 

Stock futures in the U.S. pointing to a higher open, currently trading at overnight highs. After the tech-heavy Nasdaq declined Wednesday following NFLX’s first drop in subscribers in a decade (sending shares down over 35% and pressuring high multiple tech/growth stocks), EV maker TSLA shares surge overnight more than 7% after Q1 results top expectations led by strong margins. Most S&P 500 sectors ended higher on Wednesday, led by Industrials (led by transports), Healthcare and several defensive ones including Utilities, Staples, and REITs. Transports look to a good start today as well after airline UAL provided upbeat profit outlook for next quarter and rail CSX results topped estimates. The U.S. 10-Year Treasury yield hit highs around 2.9810% yesterday, but has since reversed, and is now in the 2.87% area. In Asian markets, Chinese indexes resume slide and yuan hits a fresh 6-month low after President Xi’s speech; the Nikkei Index jumped 335 points or 1.23% to 27,553, the Shanghai Index fell -71 points or 2.26% to 3,079, and the Hang Seng Index fell -262 points or 1.25% to 20,682. In Europe, the German DAX is up 175 points or 1.2% to 14,540, while the FTSE 100 is little changed around the 7,625 level. Another busy day of corporate earnings on deck as we just start heating up, while investors get a moderate doe of economic data with weekly jobless claims, Philly Fed survey and Leading Indicators. Bitcoin prices up 2% to $42,200 in a bounce back week, while the buck takes a breather.

 

Market Closing Prices Yesterday

 

Economic Calendar for Today

 

Earnings Calendar:

 

 

Macro Up/Down Last
Nymex 1.13 103.32
Brent 1.13 107.93
Gold -7.60 1,948.00
EUR/USD 0.0066 1.0916
JPY/USD 0.06 127.93
10-Year Note +0.039 2.875%

 

 

World News

 

Sector News Breakdown

Consumer

 

Energy

 

Financials

 

Healthcare

 

Industrials & Materials

 

Technology, Media & Telecom

 

Please be sure to check out The Hammerstone Feed; News and Analysis for the Informed Trader at https://www.hammerstonemarkets.com/trial

 

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