| What to watch today: Stocks to continue rally, VP Pence meets Mexico officials, and China's Xi heads to Russia | | |  | WED, JUN 05, 2019 | | | | AS OF WED, JUN 05, 2019 • 07:37 ET | | Dow Jones Fut | | 25,332.18 | | Current: | 25,476.00 | | Change: | 130.00 | | Impl. Open: | 139.82 | | | S&P 500 Fut | | 2,803.27 | | Current: | 2,818.50 | | Change: | 13.50 | | Impl. Open: | 14.93 | | | NASDAQ 100 Fut | | 7,166.75 | | Current: | 7,221.75 | | Change: | 42.50 | | Impl. Open: | 52.00 | | | Russell 2000 Mini | | 1,508.56 | | Current: | 1,513.50 | | Change: | 6.60 | | Impl. Open: | 4.24 | | U.S. stocks were poised for further upside this morning, after the Dow, S&P 500, and Nasdaq on Tuesday had their largest one-session gains since Jan. 4. Investors were encouraged by signals from Fed Chairman Jerome Powell that central bankers were open to possibly cutting interest rates to save the U.S. economy and signs of easing trade tensions. (CNBC)
If the S&P 500 and Nasdaq can finish higher today, they would have their first back-to-back advances in nearly three weeks. The Dow has been up for two straight days and three of the past four. Tuesday's big rally also ended the Nasdaq's very brief stay in correction territory. (CNBC) | | | | GameStop (GME) shares were tanking more than 25% in the premarket, after the videogame retailer missed estimates on quarterly revenue and same-store sales. GameStop also eliminated its dividend. However, earnings did beat. (CNBC) | | | | President Donald Trump, before heading to Ireland, concluded his three-day state visit to the U.K. with a ceremony honoring the 75th anniversary of the D-Day landings. He was joined by Queen Elizabeth II, Prince Charles, and World War II veterans. (CNBC) | | | | The Trump administration has ended the most popular forms of U.S. travel to Cuba, banning cruise ships and a heavily used category of educational travel starting today, in an attempt to cut off cash to the island's Communist government. (USA Today) | | | | Trump said, in an interview, that there is "always a chance" the U.S. could take military action against Iran, but he would much rather hold talks with President Hassan Rouhani. The two countries have been drawn into starker confrontation in recent weeks, stoking concerns about a potential conflict. (CNBC) | | | Carole Ghosn, the wife of former Nissan Chairman Carlos Ghosn, accused Nissan of having her husband arrested in a conspiracy by the company's board to avoid a merger with French automaker Renault. (CNBC)
Meanwhile, the Renault board wants more time to weigh a potential merger with Fiat Chrysler (FCAU), which would create the world's third-largest auto maker by production. The board is meeting again today. (WSJ) | | | | Beauty giant Sephora is closing more than 400 stores today to host inclusion workshops for its employees after singer SZA said she was racially profiled at a Sephora in California. The move follows similar steps by Nike (NKE), Starbucks (SBUX), and Papa John's (PZZA) after past incidents. (Reuters) | | LabCorp (LH) said 7.7 million of its customers may have been impacted by the same data breach that affected rival medical lab operator Quest Diagnostics (DGX). The breach involved an outside vendor and may have exposed bank or credit card information. | | | | Pivotal Software (PVTL) reported an adjusted loss of 3 cents per share, 2 cents smaller than expected. The applications software provider's revenue also beat estimates. However, Pivotal gave a lower-than-expected sales forecast for the full year. | | | | Ambarella (AMBA) earned an adjusted 1 cent per share for its latest quarter, compared to forecasts of a 5 cents per share loss. The chipmaker's revenue also beat estimates. Ambarella issued stronger than expected current quarter revenue guidance despite falling orders from China. | | | | TiVo (TIVO) said an International Trade Commission judge had ruled that NBCUniversal parent Comcast (CMCSA) had violated some of its patents. Comcast, however, pointed out that the judge found no violations in two of the three patents involved in the case and that it looks forward to the full commission's review of that remaining patent. | | The Golden State Warriors are up against the Toronto Raptors for Game 3 of the NBA finals tonight, without MVP Kevin Duran. He's still out in the best-of-seven series with a strained calf. (AP) | |  | | |
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