Here are the most important news, trends and analyses that investors need to start a trading day:
1. Equity futures are flat after the daytime reversal on Monday
The trader is working on the New York Stock Exchange (NYSE) floor in New York City on April 25, 2022.
Spencer Pratt | Getty Images
Stock futures are flat In pre-market trading on Tuesday, Wall Street followed a roller coaster session a day ago, Green’s Major U.S. Stock Index.. on Monday, Nasdaq Composite Index The turnaround in the second half of the session was increased by 1.63%. At that low, the tech heavy index was down about 1%. The S & P 500, It fell to the intraday low in 2022 and finally rose by 0.57%. The Dow Jones Industrial Average After dropping more than 500 points on Monday, we added 84 points, or 0.26%.
April was a disastrous month for Wall Street, and now the market is Entering the season of weak stocks Faced with multiple headwinds.These include the Fed’s tightening policies, high inflation, recession concerns, and ongoing ones. Russia-Ukraine War.. Fed Scheduled to be announced on Wednesday Important decisions regarding interest rates.
2. Treasury yield transaction for less than 3% for 10 years
Bond markets are reacting to the Federal Reserve’s adoption of a more hawkish policy approach to ease inflationary pressures across the US economy. Yields on 2-year government bonds, which tend to be more sensitive to central bank policy, rose about 3 basis points to 2.756% on Tuesday morning. The basis point is 0.01%. Yield is inversely proportional to price.
3. Pfizer and Burger King parents provide revenue beats
Pfizer CEO Albert Bourla visited the European Commission member on April 23, 2021 to oversee the production of the Pfizer-BioNTech Covid-19 vaccine at the Pfizer plant in the US pharmaceutical company Pfizer in Poor. I will talk at a press conference with the chief.
John Thys | AFP | Getty Images
Pfizer It exceeded Wall Street’s quote on Tuesday’s top and bottom lines. Its share was slightly higher in pre-market transactions. According to Refinitiv, the company reported first-quarter earnings of $ 1.62 per share, excluding items, exceeding the consensus estimate by 15 cents per share. Pfizer’s quarterly sales were $ 25.66 billion, exceeding analysts’ forecast of $ 23.86 billion.Company’s COVID Vaccines contributed $ 13.2 billion to quarterly sales.
Restaurant Brands International It also exceeded expectations for sales and profits. Burger King and Tim Hortons’ parent company earned $ 1.45 billion in first-quarter revenue, earning 64 cents per share, excluding items. According to Refinitiv, analysts estimated revenue of $ 1.41 billion and revenue of 63 cents per share. Burger King’s existing store sales have increased significantly at overseas restaurants.
4. Wall Street Top Regulator Almost Doubles Cryptocurrency Unit Staff
Gary Gensler, Chairman of the Commodity Futures Trading Commission (CFTC), will speak at the Senate Banking Commission hearing on Tuesday, July 30, 2013 in Washington, DC, USA.
Andrew Haller | Bloomberg | Getty Images
The Securities and Exchange Commission’s staff dedicated to the crypto market has nearly doubled, leading Wall Street regulators Announced on Tuesday.. The agency will add 20 positions to “Cryptocurrency Assets and Cyber Units” for a total of 50. New employees at the SEC include fraud analysts, staff lawyers, and court lawyers. We will continue to handle cybersecurity-related obligations to crack down on fraud in the crypto market.
In recent years, the popularity of cryptocurrencies has skyrocketed. A flood of individual investors who started trading digital assets Venture capitalist He has helped blockchain-based start-ups in the early days.But Gensler Raise concerns about potential fraud in the crypto market In particular, it sought to expand the protection of individual investors.
5. Politico’s leaked Supreme Court ruling is Roev. Reported to overturn Wade
Deputy Judge Samuel Alito will attend the oath ceremony of Defense Secretary Mark Esper on July 23, 2019 at the Oval Office in the White House, Washington, DC.
Nicholas Come | AFP | Getty Images
The Supreme Court We are poised to overturn the groundbreaking Roe v. Wade decisionAccording to a leaked draft decision, abortion was legalized across the United States almost 50 years ago. Obtained by Politico.. Judge Samuel Alito wrote a draft opinion, and at least four other conservative members of the Supreme Court agreed with him. “Roe was terribly wrong from the beginning,” Alito wrote in a draft published by Politico. CNBC was unable to independently validate the proposed decision, which Politico stated was first circulated among judges in February. The draft decision is not final. A Supreme Court spokesman refused to comment on CNBC on Politico’s report.
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