By Jimmy
Good morning moomooers! Here are things you need to know before the opening bell:
Futures contracts tied to the major U.S. stock indexes rebounded on Tuesday from modest losses in the prior session after better-than-expected earnings from Home Depot and a rebound in tech shares
Stocks making the biggest moves in the premarket: Macy’s, Home Depot& more
Market Snapshot
Futures contracts tied to the major U.S. stock indexes rebounded on Tuesday from modest losses in the prior session after better-than-expected earnings from Home Depot and a rebound in tech shares.
Futures on the Dow Jones Industrial Average pointed to an opening gain of about 62 points. Contracts tied to the S&P 500 rise 12.75 points. Nasdaq 100 futures surge 102.75 points.
source: Bloomberg
Premover
Stocks making the biggest moves in the premarket: Macy’s, Home Depot& more
$Macy's Inc(M.US)$ - The retailer earned 39 cents a sharefor the first quarter, including 1 cent a share from real estate-related gains, compared to expectations of a 41 cents per share loss. The retailer’s revenue topped estimates as well amid a better than 60% surge in comparable-store sales. The company also raised its full-year forecast. Macy’s shares rallied 6% in the premarket.
$The Home Depot Inc(HD.US)$ - The home improvement retailer reported first-quarter earnings of $3.86 per share, beating the consensus estimate of $3.08 a share. Revenue also topped Wall Street forecasts, as comparable-store sales rose a better-than-expected 31%. Analysts surveyed by FactSet had expected a 20.2% increase in comparable-store sales. Home Depot shares gained 2.2% in premarket trading.
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Source: CNBC, Dow Jones Newswires, Bloomberg