Before the Bell | U.S. stock futures jump on China rate cut
Hey, mooers! Here are things you need to know before the opening bell:
Market Snapshot
U.S. stock futures bounced early on Friday cutting into losses from earlier in the week that have sent the S&P 500 to the cusp of a bear market and the Dow Jones Jones Industrial average on pace for its eighth negative week in a row.
Futures on the $Dow Jones Industrial Average(.DJI.US$ rose 0.84%, while $S&P 500 Index(.SPX.US$ futures gained 1.07% and $Nasdaq Composite Index(.IXIC.US$ futures were up 1.48%.
Top News
U.S. Stock Futures Jump on China Rate Cut
Global stocks and U.S. equity futures rose, recovering some ground after the S&P 500 came close to falling into a bear market and the Chinese central bank cut a key interest rate.
Surging Dollar Raises Possibility of Euro Parity
A roughly 7% slide in the euro against the dollar this year is breathing new life into a two-decade old question on Wall Street: Will this be the year the currencies finally reach parity?
The euro fell as low as around $1.035 earlier this month, down from the $1.137 level at which it ended last year. It finished Thursday at about $1.059, putting it just 5.5% away from reaching parity, or equal value with the dollar.
Gas Prices Hit New Highs Again With All 50 States Above $4 a Gallon
Pain at the pump is expected to get worse as the summer travel season begins.
Senior Executives Flee Russian Oil Giant Rosneft
The Russian state oil giant is shedding senior executives, a brain drain that stands to weaken a prime driver of the country's economy while Moscow wages war on Ukraine.
Boeing's Starliner Spacecraft Launches Toward Space Station in Do-Over Mission
The liftoff comes after a failed flight attempt and delays-and successful trips by Elon Musk's SpaceX. $Boeing(BA.US$ $Tesla(TSLA.US$
Foot Locker Tops Profit Estimates. Sees Year Earnings at 'Upper End' of Guidance.
$Foot Locker(FL.US$ reported that its first-quarter sales rose 1% to $2.18 billion, slightly below Wall Street forecasts, while comparable-store sales fell 1.9%, narrower than estimates that called for a decline of 4.1%.
The company said it expects adjusted earnings for the fiscal year at the high end of guidance of $4.25 to $4.60 a share. It expects sales at the high of down 4% to down 6%.
Shares of Ross Stores Fall 17% After Sales Decline
$Ross Stores(ROST.US$ shares fell 17% to $76.86 in after-hours trading Thursday after the company reported a decline in sales in the first quarter and forecast same-store stores would decline in the second quarter.
Deere Beats Profit and Revenue Expectations, but Stock Falls
Shares of $Deere(DE.US$ fell 2.09% toward a three-month low in premarket trading Friday, even after the agriculture, construction and forestry equipment maker reported fiscal second-quarter profit and revenue that rose above expectations, as "strong demand" helped offset supply-chain pressures.
Alaska Permanent Fund to Slow Its Private-Equity Commitment Pace
The sovereign fund is slowing its annual private equity commitment pace out of concerns over the so-called denominator effect.
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg, WSJ
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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AshDaBull : Let’s see if we close this week red or green and that will dictate how soon the market enters a bear zone.
Jamesim :
鑫博 : What does USD/USD mean?