Stock Futures Mixed; Oil Heading for Weekly Loss

All three major benchmarks are pacing for small weekly losses

Deputy Editor
Apr 21, 2023 at 9:10 AM
facebook X logo linkedin


Futures on the three major U.S. indexes are mixed Friday, as stocks head for a losing week. Earnings continue to roll in this morning, including a report from Procter & Gamble (PG), adding to a list of companies that have beat already reduced forecasts.

At last glance, futures on the Dow Jones Industrial Average (DJIA) are slightly higher, while Nasdaq-100 Index (NDX) are modestly lower, and S&P 500 Index (SPX) futures sit flat. Meanwhile, oil prices are also heading for a significant weekly loss.

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

futures Chart April 212023

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.3 million call contracts and 1.3 million put contracts exchanged on Thursday. The single-session equity put/call ratio fell to 0.76 and the 21-day moving average stayed at 0.78.
  2. Procter & Gamble Co (NYSE:PG) is 2.1% higher premarket after the blue-chip manufacturing behemoth reported fiscal third-quarter earnings and revenue that topped Wall Street's estimates. In addition, the company upped it organic sales growth forecast for fiscal 2023. Today's gains should help PG move back above its year-to-date breakeven mark.
  3. CSX Corporation (NASDAQ:CSX) is up 2.9% before the bell and looking to overcome a fractional year-to-date deficit. This comes after the transportation firm announced better-than-expected first quarter results. In response, no less than eight analysts hiked their price targets on CSX.
  4. ContextLogic Inc (NASDAQ:WISH) is surging before the bell, last seen up 20.9% following the e-commerce platform concern's $50 million share repurchase announcement. Still, year-over-year, WISH is down more than 87%.  
  5. The S&P flash U.S. services purchasing managers' index (PMI) and manufacturing PMI are slated for release today.

buzzapril21

Asian Markets Tumble Amid Japan's Economic Data

Markets in Asia finished lower on Friday, amid a slew of economic data out of Japan. The country’s inflation rate came in at 3.2% in March, slightly down from February’s 3.3%, while core inflation remained unchanged at 3.1%. Plus, Japan’s manufacturing purchasing managers’ index (PMI) rose to 49.5 in April, marking its slowest contraction in six months. According to Reuters, Japan’s central bank is considering making changes to its yield curve control policy later this year. China’s Shanghai Composite paced the losses with a 2% drop, while Hang Kong’s Hang Seng fell 1.6%, Japan’s Nikkei shed 0.3%, and the South Korean Kospi lost 0.7%.

European markets are mixed midday. London’s FTSE 100 is up 0.2% at last glance, amid reports that U.K. retail sales dropped by a steeper-than-expected 0.9% in March after rising 1.1% in February. Retailers blamed the unusually wet weather. Meanwhile, the French CAC 40 is flat despite private sector growth reaching a nearly one-year high last month, while the German DAX is down 0.2%.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI