Stock Futures Fall From Friday's Records

Dow futures are down 67 points this morning

Deputy Editor
Apr 19, 2021 at 9:19 AM
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Stock futures are taking a breather from Friday's record highs this morning, as investors begin to take profits on last week's bank sector surge. Futures on the Dow Jones Industrial Average (DJI) are off 67 points at last check, despite Coca-Cola (KO) eyeing a post-earnings pop from the soda giant's top-line beat. 

S&P 500 Index (SPX) andNasdaq-100 Index (NDX) futures are notably lower, too. On Friday, both the Dow and S&P 500 clocked record closes and their fourth-straight weekly win, while the Nasdaq notched its third-straight week in the black. Elsewhere, Bitcoin (BTC) is continuing its freefall from last Wednesday's record high, falling at least 19% from its $64,841 record at one point over the weekend. 

Continue reading for more on today's market, including:

  • These 5 pot stocks made headlines last week. 
  • Auto retail stock looking to extend an impressive win streak
  • Plus, HOG revs higher after upbeat guidance; deadly Tesla crash under investigation; and MLHR sinks on billion-dollar acquisition. 

futures chart apr 19

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw over 2.1 million call contracts traded on Friday, and 926,559 put contracts. The single-session equity put/call ratio fell to 0.44 and the 21-day moving average stayed at 0.46.
  2. Harley-Davidson Inc (NYSE:HOG) is soaring in premarket trading, up 8.3% at last check after the motorcycle company posted a massive earning beat for its first quarter, while revenue came in line with analysts' estimates. Also helping HOG is the company's full-year revenue and profit margin guidance, which it raised on efforts to shift its business. In the last 12 months, Harley Davidson stock is up 120%. 
  3. Tesla Inc (NASDAQ:TSLA) is off 2.4% ahead of the bell, amid an investigation into the deaths of two men who were in a Tesla vehicle at the time. Local police said they are fairly certain nobody was driving at the time of the accident, though it is still unclear weather or not the automobile's "Autopilot" was on. In 2021, TSLA is up less than 4%.  
  4. The shares of Herman Miller, Inc. (NASDAQ:MLHR) are taking a nosedive this morning, falling over 13% before the open after the company agreed to acquire home furnishing company Knoll (KNL) in a $1.8 billion cash and stock deal, which amounts to $25.06 per share, compared to KNL's Friday close at $17.23. MLHR is up 139% year-over-year. 
  5. The week will start off with durable goods orders and core capital goods orders. 

buzzapril19

European Markets Mixed While Asian Markets Jump Higher

Stocks in Asia rose during today's session. Leading the charge, China's Shanghai Composite jumped 1.5%, after back-to-back weekly losses. Hong Kong's Hang Seng followed with a 0.5% win, though the shares of Alibaba (BABA) slipped 1.5% after Ant Group debunk a Reuter’s report suggesting Jack Ma’s exit. Lastly, both Japan's Nikkei and the South Korean Kospi finished the day with a modest 0.01% gain.

Over in Europe stocks are mixed at midday, amid European Central Bank figures showing that the euro zone current account surplus narrowed to 25.9 billion euros ($31.2 billion) in February. London's FTSE 100 and the German DAX are down 0.1% at last check, while the French CAC 40 is enjoying a 0.3% rise.

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