Pre-opening moves
US stock futures are trading in the red in early trading ahead of the regular trading session after the Nasdaq fell 2 points in the previous session. Investors await earnings results from Bank of America Corporation (NYSE:BAC), The Charles Schwab Corporation (NYSE:SCHW), Hunt Transport Services, Inc. (NASDAQ:JBHT) y The Bank of New York Mellon Corporation (NYSE:BK).
The April Housing Market Index is scheduled for release at 10:00 ET. The president of the Federal Reserve Bank of St. Louis, James Bullard, will give a speech at 16:00 ET.
Dow Jones Industrial Average futures fell 78 points to 34,280, while Standard & Poor’s 500 Index futures fell 17.75 points to 4,369.75. Nasdaq index futures fell 78.50 points to 13,815.25.
oil prices are trading lower, on a day in which Brent crude futures fell 0.3% to $111.36 a barrel, while US WTI crude futures fell 0.3% to $106. .65 dollars per barrel.
The United States continues to be the country with the highest number of cases of coronavirus infections and deaths in the world, with a total number of infections that exceeds 82,316,340 and around 1,015,450 deaths. India has reported approximately 43,044,280 confirmed cases, while Brazil has recorded more than 30,252,610 cases.
A look at international markets
Most European markets are closed today due to the Easter Monday holiday.
For their part, Asian markets are trading lower today. Japan’s Nikkei 225 fell 1.08%, while China’s Shanghai Composite Index shed 0.5%. India’s BSE Sensex fell 2.1%. The annual rate of wholesale price inflation in India increased to a four-month high of 14.55% in March from 13.11% in the previous month. China’s retail trade fell 3.5% year-on-year in March, while the country’s industrial production rose 5% year-on-year in March. The Chinese economy grew by 4.8% year-on-year in the first quarter of 2022.
Analysts recommendation
Keybanc lowered the rating of Twitter, Inc. (NYSE:TWTR) de Overweight a Sector Weight.
The company’s shares rose 2.1% to $46.01 in the pre-opening auction.
Breaking news
- SpaceX, owned by the CEO of Tesla Inc (NASDAQ:TSLA) Elon Musk launched a reconnaissance satellite for the US government on Sunday, the second this year.
- DiDi Global Inc. (NYSE:DIDI) has stated that its total revenue fell to 40.8 billion yuan ($6.4 billion) for the quarter ended December 31, 2021, from 46.7 billion yuan in the same period a year earlier. The company also announced plans to hold an extraordinary general meeting on May 23 to vote on its US listing plans.
- The Indian manufacturer of electric two-wheelers Okinawa Autotech has voluntarily withdrawn 3,215 units from its scooter Praise Pro to fix any battery-related issues amid several electric car fire incidents in recent months.
- Apple Inc (NASDAQ:AAPL) is testing its next generation of silicon chips with third-party applications, according to Bloomberg tech journalist Mark Gurman.
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