5 Things You Should Know Before The Stock Market Opens Tuesday, April 20

Here are the top news, trends and analysis that investors need to start their trading day:

1. Stocks will fall after Dow, S&P 500 slips from record close

Traders on the trading floor of the New York Stock Exchange.

Source: NYSE

US stock futures fell on Tuesday as investors considered quarterly results of four Dow components and looked ahead to Netflix earnings after the bell and an Apple product event in the afternoon. Apple is expected to unveil new iPads, iMacs and AirTags for device tracking. Tobacco stocks were under pressure after The Wall Street Journal reported that the White House may order tobacco companies to lower the nicotine levels in all cigarettes.

The Dow Jones Industrial Average started sliding for the week from Friday’s record. The S&P 500 also fell modestly from the previous record. The Nasdaq was down 1% on Monday after coming just shyly on Friday after closing the February record of the tech-heavy index. 10-year Treasury yields were stable early Tuesday after ticking above 1.6%. However, it stayed below last month’s 14-month peak.

2. Four Dow shares report earnings, including J&J and IBM

Dow shares Johnson & Johnson, Procter & Gamble, and Travelers reported results for the bubble. IBM, also a share of Dow, published quarterly results late Monday.

  • J&J exceeds first-quarter revenue and revenue estimates, including $ 100 million in sales of the Covid vaccine, which is being suspended in the US as health regulators investigate rare but serious blood clotting problems. CFO Joseph Welk told CNBC on Tuesday that he hopes the “benefit-risk profile will materialize” for the company’s vaccine. Shares fell in the premarket.
  • P&G exceeded its fiscal third quarter earnings and earnings expectations as consumers stuck to Covid buying trends such as buying more cleaning products and resuming beauty products. Shares have fallen in the premarket.
  • Travelers reported better than expected revenues in the first quarter. In principle, the income was in line with the estimates. The insurance giant increased its dividend and added $ 5 billion to its buyback program. Shares rose 1% in the premarket.
  • IBM reported first-quarter revenues and revenues that were higher than estimates. The business technology and services provider reported revenue growth after four quarters of declines. Shares rose nearly 3% in the premarket.

3. United Airlines records its fifth consecutive quarterly loss

Travelers will arrive for flights at O’Hare International Airport in Chicago, Illinois on March 16, 2021.

Scott Olson | Getty Images

Shares of United Airlines fell 2.5% in Tuesday’s premarket, the morning after the airline reported a larger-than-expected first-quarter loss of $ 7.50 per share, its fifth straight quarterly loss. Revenue of $ 3.22 billion fell nearly 60% from last year and fell short of estimates. Higher fuel costs and still subdued demand from Covid’s hurt results. However, in addition to returning to profitability later this year, United is doing as Covid vaccinations increase and governments relax travel restrictions.

4. Elon Musk says Autopilot was not engaged in a Tesla crash in Texas

A Tesla logo on a Model S has been photographed at a Tesla dealer in New York.

Lucas Jackson | Reuters

Elon Musk denied that Tesla’s automated driving systems were involved in a fatal accident in the Houston suburb of Spring, Texas, on Saturday. Tesla CEO tweeted Monday, “Data logs recovered so far show Autopilot was not turned on.” Local police said no one was in the driver’s seat when the 2019 Tesla Model S swerved off the road and caught fire. The two men in the car were killed. Two federal agencies, the NHTSA and the NTSB, are investigating the accident, along with the local police. None of them have completed their investigation and their preliminary findings are inconclusive.

5. In Minneapolis, a fortified city awaits Chauvin’s judgment

Former Minneapolis police officer Derek Chauvin attends closing arguments at his trial for second degree murder, third degree murder and second degree manslaughter at the death of George Floyd with his attorney Eric Nelson in Minneapolis, Minnesota, April 19 2021 in a still image from video.

Swimming pool through Reuters