Nasdaq futures lead stock drop, Pfizer, CVS boost outlooks

FAN Editor

U.S. stock futures slipped in early trading as investors digested a fresh batch of corporate earnings. 

Nasdaq futures led the declines falling nearly 1%, while S&P and Dow futures also dropped as of 8 AM ET. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34113.23 +238.38 +0.70%
SP500 S&P 500 4192.66 +11.49 +0.27%
I:COMP NASDAQ COMPOSITE INDEX 13895.118204 -67.56 -0.48%

For tech, Tuesday may mark the second day of selling, even as the Dow and S&P posted gains, as investors piled into cyclical stocks and out of higher growth names.

Tesla and AMD were both lower in pre-market action. 

Ticker Security Last Change Change %
TSLA TESLA, INC. 684.90 -24.54 -3.46%

 In earnings news, both Pfizer and CVS boosted financial outlooks as demand for COVID-19 related items fueled results. 

“We delivered strong first-quarter results and improved our outlook for the year,” said CVS Health President and CEO Karen S. Lynch. “We continue to execute on our strategy while simultaneously managing through a pandemic, helping the country on the road to recovery. 


Ticker Security Last Change Change %
PFE PFIZER INC. 39.80 +1.16 +3.00%
CVS CVS HEALTH CORP. 77.65 +1.28 +1.68%

Marathon Oil shares were also lower after the company announced it has reduced $500 million in debt. 

Ticker Security Last Change Change %
MRO MARATHON OIL 11.13 -0.13 -1.15%

After the closing bell investors will get results from Lyft, Xilinx, and Zillow to name a few. 

Ticker Security Last Change Change %
LYFT LYFT INC. 57.08 +1.42 +2.55%
XLNX XILINX, INC. 123.55 -4.41 -3.45%
Z ZILLOW GROUP INC 125.70 -4.42 -3.40%

In commodities, oil continues its upward climb touching the $65 per barrel level, while gold was modestly lower trading at $1,782 an ounce. 

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