Investors are also eyeing trade negotations
Futures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are flat this morning, as investors eye earnings reports from Big Tech giants including Amazon.com (AMZN), Apple (AAPL), Meta Platforms (META) and Microsoft (MSFT), all due out this week. Wall Street is also keeping an eye on labor market data and trade negotiations, after Treasury Secretary Scott Bessent said in an interview it is up to to China to de-escalate tensions with the U.S.
Continue reading for more on today's market, including:
- A quick recap of how the market performed last week.
- Day trading: A summary of how to use options.
- Plus, investors eye PayPal earnings; rare double downgrade for LLY; and BA nabs bull note.
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 2.5 million call contracts and over 1.1 million put contracts exchanged on Friday. The single-session equity put/call ratio fell to 0.46, while the 21-day moving average stayed at 0.60.
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PayPal Holdings Inc (NASDAQ:PYPL) stock is flat ahead of the open, as traders look ahead to the fintech giant's quarterly earnings report, due out after tomorrow's close. Wall Street will be eyeing consumer spending trends amid tariffs. PYPL is off 23.4% so far
this year.
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Eli Lilly And Co (NYSE:LLY) stock is 1.8% lower in premarket trading, after a rare double downgrade from HSBC to "reduce" from "buy," and a price-target cut to $700 from $1,150. The analyst in coverage cited strong competition as well as
valuation concerns. LLY is 14.6% in 2025.
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Boeing Co (NYSE:BA) stock is 1.8% higher in electronic trading, after an upgrade at Bernstein to "outperform" from "market perform," and a price-target hike to $218 from $181. The firm said the company is set on a "firmer path" to recovery after its
recent aircraft issues and controversies. In the last nine months, BA shed 4.8%.
- A flood of economic data and notable earnings reports are due out this week.
European Stocks Higher Ahead of Inflation Data
Markets in Asia finished on both sides of the aisle Monday, with eyes on China’s finance minister Lan Fo’an, who promised to be more proactive in helping China reach its annual growth targets and "bring stability." In Japan, the Nikkei eked out a 0.4% gain, despite a pullback in tech. China’s Shanghai Composite slid 0.2%, Hong Kong’s Hang Seng finished marginally lower, and South Korea’s Kospi added 0.1%, weighed down by small cap weakness.
Sentiment is upbeat in Europe, as the FTSE 100 in London eyes an 11th straight win – its longest win streak in more than five years -- last seen 0.1% higher. Inflation data due out later this week from France and Germany is also in focus. At last check, Germany’s DAX is up 0.5%, and France’s CAC 40 is 0.8% higher.