Monday, December 2, 2024

5 things to know before the stock market opens Tuesday, April 26

Date:

Here are the top news, trends and analysis that investors need to start their trading day:

1. Stock futures failed to follow Wall Street’s comeback

Traders work on the floor of the New York Stock Exchange (NYSE) on April 25, 2022 in New York City.

Spencer Platt | Getty Images

US stock futures It fell on Tuesday as earnings reports from major US companies poured in ahead of the post-bell quarterly results Microsoft And the father of Google the alphabetThe first tech giants to launch this week.

  • Wall Street saw a major shift Monday, with the Dow Jones Industrial Average down 488 points to close 238 points, or 0.7% higher. The S&P 500 and Nasdaq erased losses, ending 0.6% and 1.3%, respectively.
  • Bond yields fell On the back of Tuesday’s economic slowdown concerns there were a number of major reports released before the bell rang. Matching March durable goods orders with estimates. S&P/ Case-Shiller housing data for February is due at 9 a.m. ET, as well as new home sales for March and consumer confidence for April at 10 a.m. ET.

2. PepsiCo raises revenue forecast as profits beat estimates

In this illustration, PepsiCo products are demonstrated on October 5, 2021 in Chicago, Illinois.

Scott Olson | Getty Images

PepsiCoThe company’s better-than-expected revenue and revised earnings in the first quarter crushed the Standard & Poor’s 500 companies that reported earnings on Tuesday. One day after the competition coca cola Made solid profits and maintained its guidance, PepsiCo She raised her expectations for the whole year for organic revenue growth. In March, Pepsi joined a handful of other Western companies in suspending some of its business in Russia as a punitive measure for the attack on Ukraine, but it stopped short of halting sales there quite like rival Coca-Cola.

3. The United States to Expand Access to COVID Pills. Beijing conducts mass tests

A pill for the coronavirus disease (COVID-19), Paxlovid, is in a packet, at Misericordia Hospital in Grosseto, Italy, February 8, 2022.

Jennifer Lorenzini | Reuters

United State It expands access For oral antiviral therapies against Covid such as PfizerPaxlovid by doubling the number of sites it’s available at, the White House said Tuesday. Drug stores participating in the federal pharmacy program to distribute antiviral treatments will be able to order free pills directly from the US government starting this week.

The Chinese capital, Beijing, reported a spike in COVID-19 cases over the weekend and began mass testing on Monday in the Chaoyang business district. Within the area, one community depicted here has been classified as a high-risk area.

Jiang Qiming | China News Service | Getty Images

Three-quarters of Beijing’s 22 million citizens lined up for coronavirus tests on Tuesday with authorities in the Chinese capital race to eliminate The recent outbreak of the pandemic under the country’s Covid-free policy. They want to avoid the debilitating citywide shutdown that has crippled Shanghai, China’s largest city, for a month.

4. Twitter CEO says company’s future is unclear under Musk’s management; Dorsey supports

Twitter CEO Parag Agrawal He told the staff Monday The future of the social media company is uncertain yet Elon MuskClose your takeover deal. Agrawal spoke during a company-wide city council meeting heard by Reuters. Musk, the world’s richest person and CEO of Tesla and SpaceX, is expected to address Twitter employees in a question-and-answer session at a later time.

Twitter CEO Jack Dorsey addresses students during a meeting at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018.

Anushri Fadnavis | Reuters

Among those who interact took to Twitter on Monday to reach a buyout deal with Musk who is a fellow billionaire and co-founder of the social network Jack Dorsey. In a Monday night tweet, Dorsey wrote: “Elon is the only solution I trust. I trust his mission to expand the Light of Consciousness.”

5. Fidelity to Allow Retirement Savers to Embed Bitcoin, WSJ Says

The Bitcoin logo appears at the entrance to the Miami Beach Convention Center during the Bitcoin 2022 conference in Miami Beach, Florida, April 6, 2022.

Marco Bello | Reuters

Fidelity Investments will allow investors to add a profile Bitcoin Account to 401(k)s, According to the Wall Street Journal, Tuesday. The magazine report said that 23,000 companies using Fidelity to manage their retirement savings offerings will have the option to add bitcoin to their plans later this year. Fidelity’s Head of Workplace Retirement Offers and Platforms said the choice will initially be limited to Bitcoin But it expects to provide other digital assets in the future.

– CNBC channel Tanaya MachelAnd Hana MiuAnd Sarah Min And Ryan Brown As well as Reuters contributed to this report.

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