By Mia
Good morning moomooers! Here are things you need to know before the opening bell:
Stock futures pause after Dow passes 34000 amid strong earnings and economic data that showed a sharp improvement in consumer spending and the labor market.
Stocks making the biggest moves in the premarket: PPG Industries, Citigroup, Splunk& more
Market Snapshot
U.S. stock futures wavered around the flatline a day after Wall Street hit records, amid strong earnings and economic data that showed a sharp improvement in consumer spending and the labor market.
Dow Jones Industrial average futures implied 0.15% gain. S&P 500 futures were 0.08% higher and Nasdaq 100 futures gained 0.07%.
Source: Bloomberg
Premover
Stocks making the biggest moves in the premarket: PPG Industries, Citigroup, Splunk & more
$PPG Industries Inc(PPG.US)$ - PPG Industries Inc.'s shares rose 5.22% in the premarket after the company's first-quarter net sales and adjusted earnings were above Wall Street estimates, along with its adjusted earnings guidance for the second quarter.PPG's net sales rose 15% to $3.88 billion. According to FactSet, analysts were expecting $3.67 billion.
$Citigroup Inc(C.US)$ - Citigroup will hire 300 new relationship managers in Hong Kong and plans to triple client numbers and double assets under management in its wealth management business in the Asian financial hub, it said on Friday. The stock was up 0.25% in the premarket.
$Splunk Inc(SPLK.US)$ - Splunk cut to sector weight from overweight by Keybanc, Splunk Price Target Announced at $179.00/Share by Keybanc. The stock was down 2.95% in the premarket.
Top News
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China posts record economic growth
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Fed's Daly says frequency of Fed market interventions is concerning
San Francisco Fed President Mary Daly is worried that unresolved financial system weaknesses are drawing the central bank in with emergency support offerings too frequently.
U.S. Treasury yields fell sharply
Yields were on track to register their biggest decline in months, reflecting renewed demand for government debt after sustained selling in the first quarter.
EU new car sales spike in March
Passenger-car registrations in the European Union rose 87% in March due to a low comparison base in the prior year.
Lawmakers look into bipartisan compromise on infrastructure
Some Republicans want to make a less-expensive GOP counterproposal to President Biden's plan, while others are hoping for a deal with Democrats.
Source: CNBC, Dow Jones Newswires, Bloomberg, Statista