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% |
AMD | ADVANCED MICRO DEVICES, INC. | 78.55 | -3.07 | -3.76% |
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.
BIDEN TALKS TAXES ON AMERICANS EARNING LESS THAN $400K
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.