Schaeffer's Opening View The Dow is set for a lower open after 3M's earnings
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| | | 4/25/2019 | |
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| Facebook Earnings Fuel Upside for S&P, Nasdaq Futures | | By Karee Venema | | Dow Jones Industrial Average (DJI) futures are signaling a lower start following Post-it parent 3M's (MMM) shocking earnings report -- which has the blue-chip stock down 8% in electronic trading. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are trading above fair value on a positive earnings reaction for Facebook (FB), with the FAANG stock up 8.6% ahead of the bell on a first-quarter adjusted profit and revenue beat. Traders are also eyeing some economic data this morning, with durable goods jumping a much larger-than-expected 2.7% in March, while weekly jobless claims rose to their highest level in over two months last week. And oil prices are bouncing back from Wednesday's dip, with June-dated crude up 0.3% at $66.09 per barrel. Continue reading for more on today's market, including: | | >> Continue reading... | |
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