U.S. Futures Rise in Pre-Market Trading Amid Key Federal Reserve Meeting and Earnings Week Ahead
29 Abril 2024 - 8:12AM
IH Market News
U.S. index futures point to gains in pre-market trading on Monday,
reflecting optimism after strong performances by the S&P 500
and Nasdaq Composite, which recorded their best week of gains since
early November. Traders are focused on a week filled with corporate
earnings releases and labor data, as well as the highly anticipated
Federal Reserve meeting on Wednesday. Although the Fed is expected
to keep interest rates steady, investors are eagerly awaiting
Jerome Powell’s press conference after the announcement for signals
about the future of monetary policy.
As of 6:24 AM, Dow Jones futures (DOWI:DJI) were up 45 points,
or 0.12%. S&P 500 futures advanced 0.16%, and Nasdaq-100
futures gained 0.24%. The yield on 10-year Treasury notes was at
4.624%.
In the commodities market, West Texas Intermediate crude for
June fell 0.27% to $83.63 per barrel. Brent crude for June fell
0.58%, near $88.98 per barrel. Iron ore traded on the Dalian
exchange fell 0.51% to $120.69 per metric ton.
European markets are showing gains in this session, with
investors focusing on upcoming interest rate decisions, corporate
earnings releases, and new data from central banks throughout the
week. Concurrently, shares of Philips (NYSE:PHG)
saw a significant jump of 45% after the renowned Dutch medical
equipment company announced a $1.1 billion agreement in the United
States related to the recall of sleep apnea treatment devices.
Asian markets closed higher, with the Shanghai SE in China
advancing 0.79%, while the Hang Seng Index in Hong Kong rose 0.54%.
In South Korea, the Kospi recorded an increase of 1.17%, and the
ASX 200 in Australia gained 0.81%. Notably, Japan’s Nikkei was
closed due to a holiday. The markets were boosted by a positive
weekend on Wall Street and a jump in shares of real estate
developers in China and Hong Kong. The lifting of housing purchase
restrictions by a major Chinese city also generated optimism.
Investors are also awaiting China’s PMI index, along with important
industrial and retail sales data from Japan.
U.S. stocks posted significant gains last Friday, reflecting a
notable recovery after a session of losses. Major indices, such as
the Nasdaq, saw significant rises, led by technology companies. A
highlight was Alphabet (NASDAQ:GOOGL), which
surged 10.2% due to surprising results and announcements of
dividends and stock buybacks. Microsoft
(NASDAQ:MSFT) and Snap (NYSE:SNAP) also exceeded
expectations, boosting the market, while Intel
(NASDAQ:INTC) disappointed with its future projections. Inflation
data aligned with estimates helped maintain market optimism. Last
week, the Nasdaq soared 4.2%, the S&P 500 rose 2.7%, and the
Dow advanced 0.7%.
On the earnings front, companies scheduled to report before
market open include SoFi Technologies
(NASDAQ:SOFI), Onsemi (NASDAQ:ON),
Domino’s Pizza (NYSE:DPZ),
Philips (NYSE:PHG), Daqo New
Energy (NYSE:DQ), Jinko Solar (NYSE:JKS),
Banco Bilbao Vizcaya Argentaria (NYSE:BBVA),
Bank of Marin (NASDAQ:BMRC), Alliance
Resource Partners (NASDAQ:ARLP), Franklin
Resources (NYSE:BEN), among others.
After the market closes, earnings reports are expected from
Logitech (NASDAQ:LOGI), Lattice
Semiconductor (NASDAQ:LSCC), Paramount
Global (NASDAQ:PARA), NXP Semiconductors
(NASDAQ:NXPI), Transocean (NYSE:RIG),
Chegg (NYSE:CHGG), Rambus
(NASDAQ:RMBS), Woodward (NASDAQ:WWD), Arch
Capital Group (NASDAQ:ACGL), F5 Networks
(NASDAQ:FFIV), and more.
Koninklijke Philips NV (NYSE:PHG)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Koninklijke Philips NV (NYSE:PHG)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024