Stock futures are firmly lower ahead of the open
Stock futures are lower ahead of the open, following four-straight daily wins for the major benchmarks and another record high for the S&P 500 Index (SPX). The market is on track for its second positive week, as investors unpack remarks from newly appointed President Donald Trump. Meanwhile, the closely watched 10-year Treasury yield has been on the rise amid a slew of upbeat corporate earnings results.
Continue reading for more on today's market, including: .
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 2.1 million call contracts and over 1.1 million put contracts exchanged on Thursday. The single-session equity put/call ratio rose to 0.53 and the 21-day moving average remained at 0.61.
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Novo Nordisk A/S (NYSE:NVO) is up 12.7% premarket, after positive 1b/2a trial results of its drug amycretin for obesity. The equity is down 22.9% year-over-year, and with today's lift will be looking to claw away from its Jan. 17,
52-week lows.
- Twilio Inc (NYSE:TWLO) is up 18.2% before the bell, after the cloud name issued a strong forecast at its Thursday investor event. Plus, Baird upgraded the stock to "buy" from "neutral," while a flood of other analysts chimed in with price-target hikes. Should these gains hold, TWLO will open at its highest level since 2022.
- Boeing Co (NYSE:BA) is down 1.4% in electronic trading, after disappointing preliminary fourth-quarter results, partly due to a labor strike. Since last January, BA is down 16.6%.
- Interest rate update due out next week.
Bank of Japan Lifts Rate
Asian markets ended the week mostly higher, tracking overnight gains on Wall Street. Japan’s Nikkei edged slightly lower, however, after the Bank of Japan (BoJ) raised its policy rate 25 points to its highest level since 2008, in line with expectations, while the country’s core inflation rate reached a 16-month high. Elsewhere, Hong Kong’s Hang Seng climbed 1.9%, South Korea’s Kospi added 0.9%, and China’s Shanghai Composite gained 0.7%.
The major European bourses are poised to end the week on a high note but are mixed this afternoon. France’s CAC 40 is up 0.7% and Germany’s DAX boasts a 0.2% lead, while London’s FTSE 100 is down 0.4%, at last check. Investors are unpacking corporate earnings reports today, with Burberry leading gains as its sales decline came in smaller than expected. Novo Nordisk is also advancing on positive clinical trial results for its weight-loss treatments.