Stock Market News Today: Dow Jones, S&P 500 Futures Tumble—Home Depot, Axalta Coating Systems, Molina Healthcare In Focus

Benzinga

U.S. stock futures declined on Tuesday after Monday’s sell-off. Futures of major benchmark indices were lower.  The market sentiment remained cautious ahead of the post-shutdown economic data and Nvidia Corp.'s (NASDAQ:NVDA) highly anticipated earnings report on Wednesday.  Meanwhile, the 10-year Treasury bond yielded 4.10% and the two-year bond was at 3.57%. The CME Group's FedWatch tool’s projections show markets pricing a 46.4% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.

Transcript

00:00all right futures under pressure here ahead of tuesday's open s&p futures down 0.47 percent

00:13dow futures down 0.74 percent and the nasdaq down 0.54 percent as mentioned cloud flare also having

00:22an outage here today that's down a little bit in the pre-market perhaps that's weighing on things

00:27as well let's take a look at some cues from last session however materials financials and energy

00:33stocks recorded the biggest losses on monday while communication services and utilities bucked the

00:38trend to close higher setting a negative tone for most s&p 500 sectors and as mentioned that appears

00:44to have carried over to today u.s stock futures declined on tuesday after monday's sell-off and

00:50futures of the major benchmark indices were lower and holding lower they actually bounced a little

00:54bit this morning and rolled back over to the lows the market sentiment remained cautious ahead of the

01:01post shutdown economic data and nvidia's highly anticipated earnings report on wednesday actually

01:07does kind of feel like the market is waiting for those earnings report we're going to actually cover

01:12that a little bit here in a sec meanwhile the 10-year treasury bond yielded 4.1 percent and the

01:17two-year bond was at 3.57 percent we do have some stocks in focus here for you today the first one

01:24is going to be exalta coding systems that's ticker axta that jumped 10.68 percent after inking a deal

01:32with exo noble to combine in an all-stock merger of equals so axta your first stock there your second

01:42one here comes from health care this is molina health care ticker moh at gain 3.05 percent after

01:49announcing a proposed offering of 750 million of senior notes due in 2031 and michael burry reiterating

01:56his long stance on the copy evantor ticker avtr that was up 2.6 percent as ceo linger emmanuel bought

02:0787,500 shares worth just shy of a million dollars on november 17th at 11.35 a piece

02:15home depot is the next stock on our list they reported earnings here this morning they fell

02:210.71 as analysts expected to report earnings of 385 per share on revenue of 41.14 billion before the

02:29opening bell uh home depot did report they reported an eps of 374 which missed that 385 estimate and they

02:38recorded sales of 41.35 billion which beat slightly the estimate of 41.137 billion interestingly enough

02:48from that report they said that they uh forecasted more uh sales from hurricane related things which

02:58never ended up happening how about that the last stock on our list here is helmrich and pain that's hp

03:05ticker hp tumbled 8.22 percent after reporting a loss of one cent per share for the fourth quarter

03:11however the company has reported quarterly sales of 1.012 billion which beat the analyst

03:17consensus uh analyst consensus estimate of 973.687 billion

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