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Before the Bell | Earnings season poses next trial for volatile stock market

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Moomoo Breakfast US wrote a column · Apr 11, 2022 05:18
Hey, mooers! Here are things you need to know before the opening bell:

- Stock futures were slightly lower early Monday morning as Wall Street looks to shake off a losing week.

- A stock market rattled by high inflation and tightening monetary policy faces its next hurdle as earnings season kicks off this week.
Market Snapshot
Stock futures were slightly lower early Monday morning as Wall Street looks to shake off a losing week.
Futures on the $Dow Jones Industrial Average(.DJI.US)$ fell 0.27%, while $S&P 500 Index(.SPX.US)$ futures declined 0.58% and $Nasdaq Composite Index(.IXIC.US)$ futures were down 0.99%, updated on April 11, 2022 at 8:00 a.m. ET.
Before the Bell | Earnings season poses next trial for volatile stock market
Top News
Stock Futures Slip to Start the Week
U.S. stock futures ticked lower, suggesting major Wall Street indexes would extend their recent rough patch that saw the S&P 500 snap a three-week winning streak.
Bank Deposits Could Drop for First Time Since World War II
Analysts have been slashing expectations for bank deposits in recent weeks as expectations for interest rates have soared.
Earnings Season Poses Next Trial for Volatile Stock Market
A stock market rattled by high inflation and tightening monetary policy faces its next hurdle as earnings season kicks off this week.
U.S. Treasury Yields Hit 3-Year High
The benchmark U.S. Treasury yield hit its highest level in more than three years on Monday as investors brace for an aggressive shift to tighten monetary policy from the Federal Reserve.
Elon Musk Reverses Decision to Join Twitter's Board, CEO Says
The decision by the $Tesla(TSLA.US)$ CEO, who spent much of the weekend tweeting criticisms, suggestions and apparent jokes about $Twitter (Delisted)(TWTR.US)$, casts new uncertainty over the relationship between the social-media platform and its largest shareholder.
Ericsson Suspends Russia Business Indefinitely
Swedish telecommunications company $ERICSSON(L.M.)(TELEFONAKTIEBOLAGET)(ERIXF.US)$ said it is suspending its business in Russia indefinitely and will record a provision of 900 million Swedish kronor in the first quarter of 2022.
Citigroup Claws Its Way Back Into Saudi Arabia
After falling into disfavor with its post 9/11 exit, the third-biggest U.S. bank again finds favor in the kingdom as one of the foreign lenders helping Crown Prince Mohammed bin Salman modernize its oil-heavy economy. $Citigroup(C.US)$
Shell, Banks Say Nigeria's Aiteo Owes $1.7 Billion in Oil Loans
One of Nigeria's largest oil producers owes $1.7 billion to $Shell PLC(SHEL.US)$ and seven banks, which if unpaid, could do significant harm to the West African country’s financial system, say the lenders.
Gas price surge fuels Fights at FedEx, Uber over who will pay
$FedEx(FDX.US)$, $Uber Technologies(UBER.US)$ and $Lyft Inc(LYFT.US)$ imposed new or higher fuel surcharges on customers after Russia's invasion of Ukraine shocked energy markets. But local contractors who own the FedEx Ground delivery trucks and some U.S. drivers of the ride-share services are pleading with the companies for even more financial help.
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Key Events This Week
Before the Bell | Earnings season poses next trial for volatile stock market
Before the Bell | Earnings season poses next trial for volatile stock market
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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