Skip to main content

Market Overview

A Peek Into The Markets: US Stock Futures Gain; All Eyes On Jobs Report

A Peek Into The Markets: US Stock Futures Gain; All Eyes On Jobs Report

Pre-open movers

U.S. stock futures traded higher in early pre-market trade, ahead of earnings from PPL Corporation (NYSE: PPL), Exelon Corporation (NYSE: EXC) and Lear Corporation (NYSE: LEA). Data on nonfarm payrolls and unemployment rate for April will be released at 8:30 a.m. ET, while data on wholesale inventories for March will be released at 10:00 a.m. ET.

The U.S. is now the epicenter of the coronavirus pandemic with the highest number of cases and deaths around the world. Total COVID-19 cases in the U.S. exceeded 1,256,970 with around 75,670 deaths. Spain confirmed a total of over 221,440 cases, while Italy reported a total of at least 215,850 confirmed cases.

Futures for the Dow Jones Industrial Average climbed 241 points to 24,084 while the Standard & Poor’s 500 index futures traded rose 28.75 points to 2,908.75. Futures for the Nasdaq 100 index rose 83.50 points to 9,191.25.

Oil prices traded higher as Brent crude futures rose 1.9% to trade at $30.01 per barrel, while US WTI crude futures rose 3.4% to trade at $24.36 a barrel. The Baker Hughes North American rig count report for the recent week is scheduled for release at 1:00 p.m. ET.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.3%, STOXX Europe 600 Index climbing 0.6% and German DAX 30 index gaining 0.7%. The UK's FTSE index was trading higher by 1.4%, while French CAC 40 Index rose 0.8%.

In Asian markets, Japan’s Nikkei rose 2.56%, Hong Kong’s Hang Seng Index rose 1.04%, China’s Shanghai Composite Index climbed 0.83% and India’s BSE Sensex rose 0.6%.

Broker Recommendation

Analysts at JP Morgan downgraded Motorola Solutions, Inc. (NYSE: MSI) from Neutral to Underweight and lowered the price target from $168 to $130.

Motorola Solutions shares fell 9.6% to $123.17 in pre-market trading.

Breaking News

  • Uber Technologies Inc (NYSE: UBER) reported a Q1 loss of $2.94 billion, versus a year-ago loss of $1.01 billion. However, the company’s sales exceeded expectations.
  • Booking Holdings Inc (NASDAQ: BKNG) reported weaker-than-expected earnings for its first quarter on Thursday.
  • Tesla Inc. (NASDAQ: TSLA) on Thursday confirmed that its Shanghai Gigafactory is currently shut down for production, the Nikkei Asian Review reported on Friday.
  • Herbalife Nutrition Ltd (NYSE: HLF) reported better-than-expected results for its first quarter.

Related Articles (EXC + BKNG)

View Comments and Join the Discussion!

Posted-In: A Peek Into The MarketsEarnings News Eurozone Futures Global Pre-Market Outlook Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at