Market news
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19:02
DJIA +0.48% 33,141.17 +159.62 Nasdaq +1.60% 13,458.34 +211.47 S&P +1.03% 4,013.77 +40.88
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16:00
European stocks closed: FTSE 100 6,737.30 +23.67 +0.35% DAX 15,107.17 +98.83 +0.66% CAC 40 6,102.96 +35.73 +0.59%
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13:33
U.S. Stocks open: Dow +0.35%, Nasdaq +1.31%, S&P +0.69%
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13:29
Before the bell: S&P futures +0.41%, NASDAQ futures +1.09%
U.S. stock-index futures rose on Thursday, as a pullback in the U.S. Treasury yields and upbeat guidance by Micron (MU) provided support to the IT stocks, while Biden's massive infrastructure proposal added to the recovery narrative.
Global Stocks:
Index/commodity
Last
Today's Change, points
Today's Change, %
Nikkei
29,388.87
+210.07
+0.72%
Hang Seng
28,938.74
+560.39
+1.97%
Shanghai
3,466.33
+24.42
+0.71%
S&P/ASX
6,828.70
+38.00
+0.56%
FTSE
6,746.77
+33.14
+0.49%
CAC
6,096.45
+29.22
+0.48%
DAX
15,092.03
+83.69
+0.56%
Crude oil
$60.30
+1.93%
Gold
$1,719.40
+0.22%
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12:58
Wall Street. Stocks before the bell
(company / ticker / price / change ($/%) / volume)
3M Co
MMM
193.05
0.37(0.19%)
7483
ALCOA INC.
AA
32.56
0.07(0.22%)
26152
ALTRIA GROUP INC.
MO
50.98
-0.18(-0.35%)
15682
Amazon.com Inc., NASDAQ
AMZN
3,118.00
23.92(0.77%)
27559
American Express Co
AXP
141.18
-0.26(-0.18%)
2334
AMERICAN INTERNATIONAL GROUP
AIG
46.18
-0.03(-0.06%)
1050
Apple Inc.
AAPL
123.52
1.37(1.12%)
930700
AT&T Inc
T
30.36
0.09(0.30%)
117287
Boeing Co
BA
255.75
1.03(0.40%)
71611
Caterpillar Inc
CAT
231.47
-0.40(-0.17%)
15599
Chevron Corp
CVX
105.18
0.39(0.37%)
10738
Cisco Systems Inc
CSCO
51.86
0.15(0.29%)
42974
Citigroup Inc., NYSE
C
72.52
-0.23(-0.32%)
43953
Exxon Mobil Corp
XOM
56.15
0.32(0.57%)
119046
Facebook, Inc.
FB
298
3.47(1.18%)
145137
FedEx Corporation, NYSE
FDX
285.34
1.30(0.46%)
1701
Ford Motor Co.
F
12.3
0.05(0.41%)
265388
Freeport-McMoRan Copper & Gold Inc., NYSE
FCX
33
0.07(0.21%)
114586
General Electric Co
GE
13.21
0.08(0.61%)
268861
General Motors Company, NYSE
GM
57.73
0.27(0.47%)
72977
Goldman Sachs
GS
324.49
-2.51(-0.77%)
22915
Google Inc.
GOOG
2,094.00
25.37(1.23%)
6198
Hewlett-Packard Co.
HPQ
31.98
0.23(0.72%)
536
Home Depot Inc
HD
306.3
1.05(0.34%)
4663
Intel Corp
INTC
64.65
0.65(1.02%)
81900
International Business Machines Co...
IBM
133.45
0.19(0.14%)
19649
Johnson & Johnson
JNJ
162.82
-1.53(-0.93%)
20625
JPMorgan Chase and Co
JPM
151.9
-0.33(-0.22%)
56492
Microsoft Corp
MSFT
238.4
2.63(1.12%)
235543
Nike
NKE
133.5
0.61(0.46%)
16445
Pfizer Inc
PFE
36.38
0.15(0.41%)
76524
Procter & Gamble Co
PG
135.55
0.12(0.09%)
6830
Starbucks Corporation, NASDAQ
SBUX
109.6
0.33(0.30%)
8652
Tesla Motors, Inc., NASDAQ
TSLA
687.55
19.62(2.94%)
711584
The Coca-Cola Co
KO
52.83
0.12(0.23%)
37001
Twitter, Inc., NYSE
TWTR
64.86
1.23(1.93%)
73156
UnitedHealth Group Inc
UNH
373.5
1.43(0.38%)
7982
Verizon Communications Inc
VZ
58.24
0.09(0.15%)
46654
Visa
V
212.98
1.25(0.59%)
22991
Wal-Mart Stores Inc
WMT
136.1
0.27(0.20%)
16571
Walt Disney Co
DIS
185
0.48(0.26%)
85598
Yandex N.V., NASDAQ
YNDX
64.32
0.26(0.41%)
3004
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12:55
S&P 500 Index: Move above 4000 to open the door to the 4070/75 area - Credit Suisse
FXStreet reports that Credit Suisse notes that S&P 500 has ended the quarter strongly and at record highs with the spotlight on its two-month channel top at 3994. Support at 3949/43 holding can keep the immediate bias higher for a clear break above here and then the psychological 4000 barrier for a move to the 4070/75 region.
“Whilst above support from the rising 13-day exponential average and price support at 3949/43 the immediate risk is seen staying higher for a clear break above 3994/4000 to mark an acceleration in the uptrend. We would then see Fibonacci projection resistance at 4008 next, ahead of the top of the weekly Bollinger Band at 4025/27 and eventually our 4070/75 next core objective.”
“Near-term support moves to 3959. Below 3943 can mark a minor top to raise the prospect of lengthier sideways ranging and a fall back to the price gap from last Friday morning at 3918/10, with fresh buyers expected here.”
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12:54
Initiations before the market open
Alphabet (GOOG) initiated with an Outperform at Wolfe Research; target $2450
Amazon (AMZN) initiated with an Outperform at Wolfe Research; target $3720
Facebook (FB) initiated with an Outperform at Wolfe Research
Twitter (TWTR) initiated with a Peer Perform at Wolfe Research; target $65
Lyft (LYFT) initiated with a Peer Perform at Wolfe Research; target $54
Uber (UBER) initiated with an Outperform at Wolfe Research; target $73
Uber (UBER) initiated with a Buy at Jefferies; target $75
Netflix (NFLX) initiated with an Overweight at Piper Sandler; target $605
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12:54
Downgrades before the market open
Goldman Sachs (GS) downgraded to Neutral from Buy at UBS; target raised to $340
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12:41
Company News: Micron Technology (MU) quarterly earnings beat analysts’ forecast
Micron Technology (MU) reported Q2 FY 2021 earnings of $0.98 per share (versus $0.45 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.95 per share.
The company’s quarterly revenues amounted to $6.2 bln (+30.0% y/y), in line with analysts’ consensus estimate of $6.2 bln.
The company also issued upside guidance for Q3 FY 2021, projecting EPS of $1.55-$1.69 versus analysts’ consensus estimate of $1.33 and revenues of $6.9-$7.3 bln versus analysts’ consensus estimate of $6.86 bln.
MU rose to $92.75 (+5.15%) in pre-market trading.
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