share_log

Morning Briefing: Fed holds steady on rates, notes recent economic gains

Moomoo News ·  Apr 29, 2021 11:03  · Headlines

20210416000078822e33dfe893f.jpg

By Jimmy

Good morning moomooers! Here are things you need to know before the opening bell:

  • U.S. stock index futures rose on Thursday after blowout earnings results from biggest tech stocks

  • Stocks making the biggest moves in the premarket: Facebook, eBay Inc, Aspen Technology Inc & more

Market Snapshot

U.S. stock index futures rose on Thursday after blowout earnings results from two of the biggest tech stocks: Apple and Facebook.

Futures contracts tied to the Dow Jones Industrial Average gained 188 points. S&P 500 futures rose 31 points with the benchmark poised to set another record. Nasdaq 100 futures gained 136 points.

Source: Bloomberg

Premover

Stocks making the biggest moves in the premarket: Facebook Inc, eBay Inc, Aspen Technology Inc & more

$Facebook Inc(FB.US)$ - Facebook’s stock jumped Wednesday into record territory after the social media giant reported stronger-than-expected results for the first quarter thanks to soaring ad revenue, AP reports.

$Ebay Inc(EBAY.US)$ - Shares of the e-commerce giant dipped 5.4% after a disappointing second-quarter guidance eclipsed better-than-expected results for the previous quarter. EBay said it expects second-quarter earnings per share to range between 91 cents and 96 cents. Analysts polled by FactSet expected guidance of $1 per share.

$Aspen Aerogels Inc(ASPN.US)$ - BEDFORD, Mass. (AP) _ Aspen Technology Inc. (AZPN) on Wednesday reported fiscal third-quarter net income of $62.5 million. On a per-share basis, the Bedford, Massachusetts-based company said it had profit of 91 cents. Earnings, adjusted for one-time gains and costs, came to $1.05 per share.

Top News

  • U.S. stock futures rise ahead of jobless data and major earnings updates

U.S. stock futures advanced ahead of jobless figures and another batch of major corporate earnings reports.

  • Biden cites progress, pushes economic agenda

The president declared "America is ready for a takeoff" in a speech before Congress as he pitched a sweeping vision for greater government investment.

  • Biden's tax plan includes paid leave and reducing child-care costs

The president's $1.8 trillion American Families Plan could save some families money and keep more women in the workforce.

  • 'Earnings to the moon' is just latest justification for frothy market

If you are worried that the stock market has gone up too far, you can always find an argument to soothe your fears, and encourage you to invest more. Here is the latest: earnings are up a lot this year, justifying the rise in stocks.

  • Private equity and hedge funds, facing a new tax burden, prepare their defense

Wall Street firms that benefit from carried-interest treatment say President Biden's $1.8 trillion proposal could discourage small-business investment.

  • Fed holds steady on rates, notes recent economic gains

The central bank held its key interest rate near zero and said it plans to continue supporting the economic recovery, while acknowledging recent progress in growth and employment.

  • A green Germany could pump up Europe's fiscal push

The Green Party could end up leading Germany's government after this fall's election, a move that could ease the nation's historic aversion to debt and make the country, and perhaps the EU, more likely to back stimulus programs.

Source: CNBC, Dow Jones Newswires, Bloomberg

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
13
Comment Comment · Views 12.9k

Recommended

Write a comment