Stock futures are struggling for direction
Stock futures are struggling for direction this morning, after yesterday saw a third-straight win for the major benchmarks. S&P 500 Index (SPX) futures are hesitantly lower and looking to pull back from last session's record high, while futures on the Nasdaq-100 Index (NDX) are down 96 points, and Dow Jones Industrial Average (DJI) futures sit modestly higher. More corporate earnings are rolling in today, as investors continue to unpack updates from U.S. President Donald Trump during his first days in the White House.
Continue reading for more on today's market, including: .
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 1.7 million call contracts and 870,747 put contracts exchanged on Wednesday. The single-session equity put/call ratio rose to 0.49 and the 21-day moving average remained at 0.61.
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GE Aerospace (NYSE:GE) is up 8.4% at $203 premarket, after the company's better-than-expected fourth-quarter earnings results. Should these gains hold, GE is looking to open at its highest levels since 2001. Year over year,
the equity is up 81.7% heading into today.
- American Airlines Group Inc (NASDAQ:AAL) is down 7.5% before the bell, brushing off strong fourth-quarter earnings and revenue after the company posted a disappointing current-quarter and full-year outlook. Looking to fall sharply from last session's 52-week highs, AAL is up 33.3% since last January.
- AST SpaceMobile Inc (NASDAQ:ASTS) is down 16.9% in electronic trading, after the company announced a $400 million offering of convertible notes. Ahead of today's trading, ASTS sports a massive 620.8% year-over-year lead.
- Take a look at what economic data is scheduled for the rest of this week.
Asian Stocks Mixed as Economic Data Floods In
Asian stocks were mixed Thursday following a flurry of economic reports. South Korea’s Kospi dropped 1.2% after the country’s fourth-quarter gross domestic product grew 1.2% from a year earlier, its slowest pace in six quarters. Japan’s Nikkei climbed 0.8% as exports rose 2.8% year over year, beating expectations, while imports increased 1.8%, falling short of forecasts. In China, financial regulators pressed large state-owned mutual funds and insurers to boost share purchases. The Shanghai Composite gained 0.5%, while Hong Kong’s Hang Seng fell 0.4%.
European markets inched higher this afternoon as investors monitored developments from the World Economic Forum in Davos, Switzerland. Several world leaders are scheduled to speak, including U.S. President Trump, who is expected to address topics such as universal tariffs, the Ukraine-Russia war, Israeli-Palestinian relations, and the U.S. rivalry with China. At last check, France’s CAC 40 is up 0.4%, Germany’s DAX is 0.3% higher, and London’s FTSE 100 sports a 0.1% lead.