What to watch today: Dow struggles, Brexit deal hopes fade, and Pinterest tanks | | | FRI, MAY 17, 2019 | | | AS OF FRI, MAY 17, 2019 • 06:48 ET | Dow Jones Fut | 25,862.68 | Current: | 25,746.00 | Change: | -121.00 | Impl. Open: | -113.68 | | S&P 500 Fut | 2,876.32 | Current: | 2,865.00 | Change: | -13.50 | Impl. Open: | -12.92 | | NASDAQ 100 Fut | 7,580.14 | Current: | 7,553.00 | Change: | -47.25 | Impl. Open: | -39.14 | | Russell 2000 Mini | 1,557.24 | Current: | 1,551.40 | Change: | -8.50 | Impl. Open: | -7.84 | | Pinterest (PINS) was 15% lower in premarket trading after it posted a $41.4 million lost during the first quarter, in its first quarterly report since going public in April. Pinterest did report $201.9 million in revenue, more than Wall Street analysts had been expecting. (CNBC) | | Luckin Coffee (LK) priced its U.S. initial public offering at $17 per share, at the high end of the projected range. Luckin is the second largest coffee train in China, trailing only Starbucks (SBUX). Luckin shares are set to start trading today. (Reuters) | | Both economic reports on today's calendar are out at 10 a.m. ET, with the Conference Board releasing its April index of leading economic indicators and the University of Michigan issuing its preliminary May consumer sentiment index. (CNBC) | | President Donald Trump's latest financial disclosure report shows in 2018 he had at least $434 million in revenue from all sources, including various businesses such as hotels and golf courses. The president saw Mar-a-Lago monies fall.(CNBC) | | The Federal Railroad Administration terminated a 2010 agreement with the California High-Speed Rail Authority and will pull a nearly $929 million grant. The FRA said the California agency "repeatedly failed to comply with the terms." (CNBC) | | I.M. Pei, whose modern designs and high-profile projects made him one of the most prolific architects of the 20th century, died at age 102. The Louvre, parts of which date to the 12th century, proved his most controversial work. (Reuters) | Applied Materials (AMAT) reported adjusted quarterly profit of 70 cents per share, beating estimates by 4 cents. The semiconductor manufacturing equipment maker also reported better than expected revenue and forward guidance. | | Nvidia (NVDA) beat estimates by 7 cents with adjusted quarterly profit of 88 cents per share, with the graphics chipmaker also reporting a slight beat. Nvidia's results were helped by growing demand for its gaming chips. | | Baidu (BIDU) missed estimates on both the top and bottom lines in its latest earnings report, and the China-based search engine company also gave a quarterly revenue outlook that falls below analyst forecasts. | HBO on Sunday will air the final episode of "Game of Thrones" and not everyone is pleased. A petition by an angry fan demanding that HBO remake the final season has now been signed by more than 750,000 people. (CNBC) | Grumpy Cat, the face of countless memes, has died at the age of 7. The internet sensation real name Tardar Sauce shot to fame as a figurehead of online culture thanks to her permanent frown (NBC News) | | | | |
Post a Comment