Dow Futures Higher as Index Eyes 8 Straight

Big-name earnings remain in the spotlight

Managing Editor
May 10, 2024 at 9:21 AM
facebook X logo linkedin

All eyes are on Dow Jones Industrial Average (DJIA) futures today, as the index moves higher and paces for an eighth-straight daily pop, its longest win streak since December. With rate hike worries tempered for the time being, investors' focus will hone in on big-name earnings. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also moving higher, with all three indices on track for healthy weekly wins.

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


5 Things You Need to Know Today


  1. The Cboe Options Exchange (CBOE) saw 1.5 million call contracts and 834,322 put contracts traded on Thursday. The single-session equity put/call fell to 0.55, and the 21-day moving average fell to 0.70.
  2. Bumble Inc (NASDAQ:BMBL) stock is higher before the bell, after the dating app firm reported a top-line beat for the first quarter, while also bumping up its share repurchase program to $450 million. Two price-target hikes and an upgrade to “buy” from “neutral” at BofA Global Securities are helping power gains today. BMBL is down 22% in 2024 and fell to a record low of $9.83 on Wednesday.
  3. 3M Co (NYSE:MMM) stock is up ahead of the open, after HSBC issued an upgrade to “buy” from “hold,” as well as a price-target hike to $115. The analyst in coverage cited an improving macroeconomic backdrop as a reason for the bull note. 3M stock is up 6.4% in 2024 but has added 26% in the last three months.
  4. Cloud company Akamai Technologies, Inc. (NASDAQ:AKAM) is down 9.3% before the open, reeling from a weak second-quarter outlook. The equity is at risk of snapping its four-day win streak, but already suffered a 13% year-to-date deficit heading into today.
  5. A busy week of earnings and inflation data on tap. 


Asian Markets Digest Housing Data

Stocks in Asia finished mixed today, after rumors of a regulation proposal to exempt singular tax payers from paying dues on dividends surfaced in Hong Kong and Japan’s household spending for March of 1.2% came in lower than expected. The two winners were Japan’s Nikkei and South Korea’s Kospi, each with a 0.4% gain. Meanwhile, Hong Kong’s Hang Seng and China’s Shanghai Composite finished down 0.9% and 0.6%, respectively.

Across the pond investors are looking more upbeat, extending Friday’s better-than-expected economic outlook in the U.K. All eyes are on big-name earnings reports as well, including IAG and Mediobanca, set for later this week. At last glance, London’s FTSE 100 is up 0.3%, France’s CAC 40 has added 0.7%, and Germany’s DAX is holding a modest 0.1% gain.


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI