Futures on all three major indexes are higher before the bell
Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are both up triple digits this morning, following yesterday's sharp selloff, while S&P 500 Index (SPX) futures look to rebound as well. The DJI dropped 971 points yesterday amid increased tensions between President Donald Trump and Federal Reserve Chair Jerome Powell. Several Fed officials will give speeches today, giving investors some insight.
Continue reading for more on today's market, including:
- A look at Chipotle stock ahead of this week's earnings report.
- SPX and VIX levels to watch, per Schaeffer's Senior V.P. of Research Todd Salamone.
- Plus, 3 stocks moving after earnings.
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 1.3 million call contracts and 910,549 put contracts exchanged on Monday. The single-session equity put/call ratio came in at 0.67, while the 21-day moving average stayed at 0.60.
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Lockheed Martin Corp (NYSE:LMT) is up 3.6% premarket, after the
aerospace and defense name's better-than-expected first-quarter results and affirmed 2025 guidance. Year-to-date, LMT is down 5.6% heading into today.
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Verizon Communications Inc (NYSE:VZ) is off 5% before the bell, despite strong first-quarter results, after wireless subscriber losses. Since the start of the year, VZ is up 7.4%.
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Telecommunications stock Calix Inc (NYSE:CALX) is up 13.9% in electronic trading, after the company's strong first-quarter results and upbeat current-quarter guidance. Should these gains hold, CALX will jump into positive territory for the year.
- Plenty more earnings due out this week, including reports from Alphabet (GOOGL) and Tesla (TSLA).
Stocks Moving Hesitantly Overseas
Asian markets were mixed Tuesday, as investors monitored Wall Street after U.S. President Donald Trump intensified pressure on Fed Chair Jerome Powell. China’s Shanghai Composite rose 0.3%, while Hong Kong’s Hang Seng added 0.8% thanks in part to gains from electric vehicle (EV) battery giant CATL. South Korea’s Kospi settled slightly below breakeven with a 0.07% loss, and Japan’s Nikkei dipped 0.2% despite a stronger yen and renewed speculation around a Bank of Japan rate hike pause.
European markets returned from the Easter break on a cautious note, weighed down by persistent U.S. trade concerns. France’s CAC 40 was last seen off 0.6%, Germany’s DAX has so far lost 0.5%, while London’s FTSE 100 is flat. Healthcare stocks led the regional pullback in response to competition after Eli Lilly’s (LLY) upbeat obesity drug trial results, and European currencies strengthened against the U.S. dollar