Sunday, April 14, 2024
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Prior To Monday’s Stock Market Opening, There Are Five Things To Be Aware Of

Here are the top news stories that investors need to know before they begin their trading day:

1. A break from the gloom?

Following another dismal week, stocks are anticipated to open higher on Monday. Futures linked to the S&P 500 increased by 0.5%, while those linked to the Dow Jones Industrial Average increased by 128 points, or 0.4%. A 12% increase in premarket trading for Palo Alto Networks, which released earnings on Friday that above analysts’ forecasts, helped Nasda-100 futures advance by 0.6%.

2. Higher retail sales

The earnings season is in full swing, and major retailers are up next. This week, several well-known brands will report their financial results, including Lowe’s, Macy’s, Kohl’s, Nordstrom, and Dollar Tree. Also on the schedule is Nvidia, the darling of artificial intelligence, which has increased by around 200% this year. Here are this week’s noteworthy earnings:

Zoom (after the bell) on Monday

Tuesday before the bell: Dick’s Sporting Goods, Macy’s, and Lowe’s

Wednesday: Nvidia, Snowflake, Foot Locker, Kohl’s, Peloton Interactive, and Abercrombie & Fitch (before the bell);

On Thursday, Dollar Tree (before the bell), Nordstrom, Gap, Workday, and Affirm Holdings were all mentioned.

3. A Chinese surprise

Despite recent economic data indicating sluggish development in the nation, China’s central bank made some surprise actions. The prime rate for one-year loans was decreased by the People’s Bank of China on Monday by 10 basis points, from 3.55% to 3.45%. the bank to reduce it by 15 basis points, according to the majority of analysts surveyed by Reuters.

4. A step up

The majority of publicly traded restaurants this quarter exceeded their earnings projections, but several did not. According to CNBC’s Amelia Lucas, the three things that set the winners apart are strong traffic, a positive value perception, and smart promotions. As consumers become more picky about their purchases, eateries have noticed a general decline in foot traffic. That harmed Chipotle, for instance, which has struggled since low-income consumers aren’t coming back as frequently as they formerly did.

5. Air combat

Two further drone strikes were reportedly intercepted by Russian defence forces on Monday in the Moscow region, and two individuals were reportedly hurt by falling debris. Flights were briefly halted at four airports close to the capital at the same time.

Source (CNBC)

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