Here is what you need to know.
ADVERTISEMENT
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA, LULU)
This is what traders are talking about.
Stocks dive following report Trump will crack down on Chinese companies investing in the US. The Dow Jones industrial average fell 600 points from its highs on Tuesday after reports surfaced suggesting the Trump administration c
Global markets are under pressure. Hong Kong's Hang Seng (-2.5%) led the decline in Asia and Germany's DAX (-1.28%) trails in Europe. The S&P 500 is set to open lower by 0.14% near 2,609.
The choppy trading that's rocking stocks is an ominous sign for the future of the bull market. Bank of America Merrill Lynch argues the uptick in volatility is characteristic of a late-cycle environment — the type that normally precedes significant equity losses.
ADVERTISEMENT
The 10-year yield is near a 2-month low. The benchmark yield is down 2 basis points at 2.75%, and at its lowest level since the beginning of February. It peaked at 2.95% on February 21.
Xi Jinping and Kim Jong Un met in China on Monday. During the meeting, which was the North Korean leader's first with a world leader since he assumed power in 2011, Kim reportedly said North Korea was "committed to denuclearization on the peninsula."
Egg prices are surging into Easter. The wholesale cost of a dozen eggs in the Midwest has jumped to $2.71, leaving it within reach of the record high of $2.77 set in August 2015, Bloomberg says, citing US Department of Agriculture data.
Tesla gets downgraded. Moody's lowered Tesla’s corporate rating one notch to B3, citing the "significant shortfall" in the production of its Model 3 sedan, Reuters reports.
Lululemon gives strong guidance. The athletic-apparel maker beat on both the top and bottom lines and said it sees first-quarter earnings of $0.44 to $0.46 per share on revenue of between $612 million and $617 million
ADVERTISEMENT
Earnings reports keep coming. BlackBerry and Walgreens Boot Alliance report ahead of the opening bell while GameStop releases its quarterly results after markets close.
US economic data flows. GDP will be released at 8:30 a.m. ET and pending home sales will cross the wires at 10 a.m. ET.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT