Stock Market Today: Dow Jones, S&P 500 Futures Climb Ahead Of Busy Week On Wall Street—Novartis, Nucor, Waste Management In Focus

Benzinga

U.S. stock futures rose on Monday following Friday’s positive moves. Futures of major benchmark indices were higher.  Investors are eyeing multiple developments this week, which include the earnings report of five firms among the Magnificent 7 constituents. Microsoft Corp. (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), and Meta Platforms Inc. (NASDAQ:META) will announce results on Wednesday, whereas Apple Inc. (NASDAQ:AAPL) and Amazon.com Inc. (NASDAQ:AMZN) will report on Thursday.  The Federal Reserve Open Market Committee will announce its decision on interest rates on Wednesday, and President Donald Trump will meet his Chinese counterpart, Xi Jinping, on Thursday in South Korea to finalize the deal framework reached by both sides to avert the looming 100% additional tariff threat.

Transcript

00:00all right futures pointing to a higher open here today S&P futures up eight tenths of a percent or

00:110.8 percent Dow futures up 0.45 percent and Nasdaq leading the way higher by point or excuse me by

00:181.26 percent so green arrows across the board ahead of Monday's open here let's go ahead now

00:26and take a look at some cues for news from last session here most sectors on the S&P 500 closed

00:32on a positive note with information technology communication and utilities recording their

00:37biggest gains on Friday a lot of news affecting what's going on here today investors are eyeing

00:43multiple developments this week which include the earnings reports of five firms amongst the mag

00:48seven constituents Microsoft Alphabet Meta will announce on Wednesday Apple and Amazon will report

00:56on Thursday the Federal Reserve Open Market Committee will announce its decision on interest

01:01rates on Wednesday and President Trump will meet with Chinese counterpart Xi Jinping on Thursday in

01:07South Korea to finalize the deal framework reached by both sides to avert the looming 100 percent

01:13additional tariff we did get some news from Trump and Besant over the weekend about a deal being

01:18agreed upon in framework no details of that deal have come out that is definitely what we're waiting

01:23for here but it does look like the market is optimistic ahead of that being finalized here

01:29the 10-year treasury bond yielded 4.03 percent and the two-year bond was at 3.5 percent now we do have

01:36some stocks in focus here today the first one is this merger and acquisition want to get you caught up

01:41with Avenity Biosciences or ticker RNA surged 42.56 percent in pre-market on Monday after Novartis ticker

01:50MVS which was down 1.04 percent decided to acquire the former for 12 billion to strengthen its large

01:58stage neuroscience pipeline and expand its RNA therapeutics portfolio so RNA here being acquired

02:06up 42 percent no trade there but if you had that stock congrats that is a big win next one on our list

02:13here is going to be Plymouth Industrial REIT this is ticker PLYM it was lower by 1.45 percent as it

02:20agreed to be acquired by uh Macor Aurora Mac Aurora I think it's pronounced management LP along with

02:28Aris Alternative Credit Funds in an all-cash transaction valued around 2.1 billion dollars

02:33Nucor is next on our list that rose 1.07 percent ahead of its earnings slated to be released after the

02:42closing bell today analysts are expecting earnings of 3.7 per share on revenue of 12.57 billion for

02:49the last quarter new has kind of been in a weaker price trend we'll see if that changes around here

02:55next on the list is going to be Whirlpool this is somewhat a stock that uh someone from our happy hour

03:01has been discussing here recently Whirlpool tickled ticker oh my gosh ticker WHR advanced one percent

03:08as analysts expected to report earnings of 141 per share on revenue of 3.93 billion after the bell

03:15closes or after the closing bell today waste management is the last stock on our list here

03:20waste management shares were up 2.26 percent as it is scheduled to report earnings after the bell

03:26analysts are expecting earnings per share of 2.02 on revenue of 6.5 billion

03:32episodes of winter

03:38michael

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