Dow futures are down triple digits ahead of the open
Stock futures are pointed lower after the market's third-straight daily win. Futures on the Dow Jones Industrial Average (DJI) are down triple digits, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures sit modestly lower -- though all three major indexes remain on track for weekly gains. Investors are digesting President Donald Trump's '100 Days' interview with TIME magazine for insight into global affairs, while also unpacking a slew of corporate earnings reports.
Continue reading for more on today's market, including:
- How earnings went for Southwest Airlines and American Airlines.
- Incase you missed it: CNX stock flashing bull signal.
- Plus, 2 stocks moving after quarterly results; and SCHW lands another upgrade.
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 1.7 million call contracts and over 1.1 million put contracts exchanged on Thursday. The single-session equity put/call ratio came in at 0.64, while the 21-day moving average stayed at 0.60.
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Alphabet Inc (NASDAQ:GOOGL) is up 3.8% premarket, after the tech giant posted better-than-expected first-quarter results. Several analysts raised their price targets after the event. Heading into today, the equity is down 15.6% year-to-date.
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T-Mobile US Inc (NASDAQ:TMUS) is down 5.5% before the bell, brushing off a first-quarter earnings and revenue beat after fewer wireless phone subscribers than expected. Year to date, TMUS is up 18.8%.
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Charles Schwab Corporation (NYSE:SCHW) is up 1.2% in electronic trading, after an upgrade from Goldman Sachs to "buy" from "neutral." This is just the most recent in a
flood of upgrades for the stock. Since the start of the year, SCHW is up 7.3%.
- A flood of economic data is due out next week, along with earning from a few Big Tech names.
Stocks Rise Overseas
Asian markets rose Friday, mirroring Wall Street’s rally as trade optimism gained traction. Japan’s Nikkei led the region with a 1.9% gain after Prime Minister Shigeru Ishiba unveiled emergency measures to offset the impact of U.S. tariffs. South Korea’s Kospi climbed 1% amid progress on a potential trade deal with the U.S., and Hong Kong’s Hang Seng added 0.3%. China’s Shanghai Composite was just 0.07% higher, as investors awaited fresh factory data and tariff headlines.
European stocks are higher this afternoon, with corporate earnings and retail data driving sentiment. Germany’s DAX is up 0.7%, France’s CAC 40 has added 0.4%, and London’s FTSE 100 is fractionally higher. U.K. retail sales rose for the third straight month in March, beating expectations with a 0.4% gain as warmer weather boosted sales.