Newsprolb.com
  • Home
  • Business
  • Finance
  • Lifestyle
  • Stock
  • Technology
  • Travel
  • Shop
  • Get Yours
No Result
View All Result
  • Home
  • Business
  • Finance
  • Lifestyle
  • Stock
  • Technology
  • Travel
  • Shop
  • Get Yours
No Result
View All Result
Newsprolb.com
No Result
View All Result
Home Business

Nasdaq futures are slightly lower ahead of Big Tech earnings

April 25, 2022
in Business
0
Nasdaq futures are slightly lower ahead of Big Tech earnings
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Nasdaq 100 futures fell slightly Monday evening after stocks bounced in the afternoon and ahead of Big Tech earnings.

Futures tied to the tech focused index fell 0.1%. Dow Jones Industrial Average futures and S&P 500 futures were little changed.

In regular trading Monday, the Nasdaq Composite jumped 1.3%. The Dow advanced 0.7%, after cutting a 500-point loss from earlier in the day, and the S&P 500 gained 0.6%.

The moves came as tech names like Microsoft, Alphabet and Meta Platforms rallied in the afternoon, amid falling interest rates and ahead of an intense week of earnings for mega cap tech stocks. Twitter also jumped after its board accepted Tesla CEO Elon Musk’s offer to take it private.

The bounce was welcomed by investors after stocks ended the previous week on a sour note, with the Dow falling to its fourth down week in a row and the S&P and Nasdaq hitting three-week losing streaks Friday. The tech-heavy Nasdaq is attempting to break out of bear market territory, sitting 19.8% from its record.

Whether this is a bottom remains to be seen. Edward Moya, senior market analyst at Oanda, told CNBC there’s still a lot of optimism about the U.S. economy and said he anticipates a relief rally from here.

“A third of the S&P is reporting [earnings] this week, and you’re probably going to see much of the same:  lots of top and bottom line beats. Companies are going to talk about margin pressures and passing on price increases to the consumer, but they’re still going to highlight there’s still overall optimism about the economy.”

Stock picks and investing trends from CNBC Pro:

Between the continuation of earnings beats and a quiet period from the Federal Reserve, there will likely be a relief rally in the market, Moya added.

“We’re not going to be getting more nervousness about Fed tightening, because we won’t be hearing much more about it until the May meeting,” he said.

Market bull Tom Lee, head of research at Fundstrat Global Advisors, said even though he’d expected a “treacherous” first half to the year, the market has been worse than even he expected, with inflation worsening relative to market expectations. Nevertheless, he remains optimistic.

“When the bond market is screaming for Fed to be a bit tighter, it’s tough for stocks to hold up and I think that’s what we’re kind of going through now, but, I don’t think that means that we should be selling equities here either,” he said on CNBC’s “Closing Bell: Overtime” Monday.

“Markets just want to have some sense of when this could end,” he added. “If inflation doesn’t reach some sort of apex that’s concerning for markets, but I also don’t think it’s set in stone that inflation is going to continue to be a problem even in the second half.”

Tech earnings will kick off on Tuesday after the bell with Alphabet and Microsoft. Meta, Amazon and Apple will report later in the week. UPS and 3M are also scheduled to report in the morning.

In economic data, investors are expecting fresh numbers for new home sales and consumer confidence on Tuesday morning.

Source link

Related Posts

Eric Adams Meets With NYC Business Leaders About Subway Safety
Business

Eric Adams Meets With NYC Business Leaders About Subway Safety

May 28, 2022
Stocks End Higher, Lifted by Retailer Results
Business

Stocks End Higher, Lifted by Retailer Results

May 27, 2022
Snowflake Shares Slide Despite Earnings Beat, Falling Below 2020 IPO Price
Business

Snowflake Shares Slide Despite Earnings Beat, Falling Below 2020 IPO Price

May 26, 2022
Next Post
Elon Musk Is Buying Twitter For $44 Billion

Elon Musk Is Buying Twitter For $44 Billion

Microsoft Tops Q3 Profit Forecasts, Flat Azure Sales Cloud Beat

Microsoft Tops Q3 Profit Forecasts, Flat Azure Sales Cloud Beat

The Best Morning Skin Care Routines For Spring, According To Experts

The Best Morning Skin Care Routines For Spring, According To Experts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Your Guide to the Best Scuba Diving in USA » Local Adventurer

Your Guide to the Best Scuba Diving in USA » Local Adventurer

5 months ago
Twitter Permanently Suspends Marjorie Taylor Greene

Twitter Permanently Suspends Marjorie Taylor Greene

5 months ago
Biden Administration Withdraws Covid Vaccination, Testing Rules

Biden Administration Withdraws Covid Vaccination, Testing Rules

4 months ago
Wall Street rallies as Fed minutes meet expectations By Reuters

Wall Street rallies as Fed minutes meet expectations By Reuters

2 days ago

Categories

  • Business
  • Finance
  • Get Yours
  • Lifestyle
  • Stock
  • Technology
  • Travel
  • Uncategorized
No Result
View All Result

Highlights

Amazon investor proposal to review plastic use narrowly fails to clear By Reuters

Here’s How To Make The Backward “R” In Korn On Your Phone

Unauthorized Affiliate – error page

Stocks End Higher, Lifted by Retailer Results

Biden climate formulas upheld for now by Supreme Court (NYSEARCA:XLE)

Dermatologists Share Their Airplane Carry-On Skin Care Essentials

Trending

Eric Adams Meets With NYC Business Leaders About Subway Safety
Business

Eric Adams Meets With NYC Business Leaders About Subway Safety

May 28, 2022

The New York City mayor, Eric Adams, held a briefing with more than 100 employers and business...

7 Beaten-Up Tech Stocks That Could Be Bargains

7 Beaten-Up Tech Stocks That Could Be Bargains

May 28, 2022
Ron Rice, Creator of Hawaiian Tropic Lotion, Is Dead at 81

Ron Rice, Creator of Hawaiian Tropic Lotion, Is Dead at 81

May 28, 2022
Amazon investor proposal to review plastic use narrowly fails to clear By Reuters

Amazon investor proposal to review plastic use narrowly fails to clear By Reuters

May 27, 2022
Here’s How To Make The Backward “R” In Korn On Your Phone

Here’s How To Make The Backward “R” In Korn On Your Phone

May 27, 2022

Newsprolb.com

Newsprolb.com is your News, World News, Politics, Business, Entertainment, Lifestyle, Sports, Finance, Stock, Technology, Travel news website. We provide you with the latest breaking news and videos straight from the news industry.

Recent News

  • Eric Adams Meets With NYC Business Leaders About Subway Safety
  • 7 Beaten-Up Tech Stocks That Could Be Bargains
  • Ron Rice, Creator of Hawaiian Tropic Lotion, Is Dead at 81

Categories

  • Business
  • Finance
  • Get Yours
  • Lifestyle
  • Stock
  • Technology
  • Travel
  • Uncategorized

Quick Links

  • Home
  • About
  • Contact
  • Privacy Policy

© 2021 www.newsprolb.com. All rights belong to their respective owners.

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Entertainment
  • Stock
  • Sports
  • Lifestyle
  • Travel
  • Finance

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.