Investors are unpacking several earnings reports this morning
Futures on the Dow Jones Industrial Average (DJI) are up triple digits before the bell, following the blue-chip index's fifth-straight win. Meanwhile, Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) futures are sitting quietly lower, as investors unpack a flood of corporate earnings reports and this morning’s economic data.
The U.S. trade deficit in goods surged 10% in March, hitting a record high of $162 billion. Elsewhere, the S&P Case-Shiller home price index showed a 3.9% year-over-year increase in February.
Continue reading for more on today's market, including:
- Key trendline of support emerging for the S&P 500 Index, per Schaeffer's Senior V.P. of Research Todd Salamone.
- Options traders are targeting Plug Power stock.
- Plus, 2 stocks moving after earnings; HIMS soars on new weight-loss drug offering.
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 1.4 million call contracts and 816,558 put contracts exchanged on Monday. The single-session equity put/call ratio rose to 0.57, while the 21-day moving average stayed at 0.60.
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Regeneron Pharmaceuticals Inc (NASDAQ:REGN) is down 5.9% premarket, after the company’s first-quarter earnings and revenue missed estimates. Looking to snap a five-day winning streak, REGN is down 14.2% year to date.
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Coca-Cola Co (NYSE:KO) is up 0.7% before the bell, after the beverage giant posted strong first-quarter results and maintained its full-year forecast despite economic uncertainty. Year to date, the equity is up 15.3%.
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Hims & Hers Health Inc (NYSE:HIMS) is soaring in electronic trading, up 31.4% at last glance. This comes after news that Novo Nordisk (NVO) plans to offer its popular weight-loss drug Wegovy through the telehealth company’s platform, among others. Coming into today, HIMS was up 17.9% in 2025.
- A flood of economic data and notable earnings reports are due out this week.
Euro Inflation Increases
A step off the gas from the Trump administration against auto tariffs sent markets in Asia toward both sides of the aisle today. Trade deals remain in focus, with the China Council for the Promotion of International Trade (CCPIT) expecting almost 50% of Chinese exporters to reduce outgoings. Markets in Japan were closed for a holiday, but the Hang Seng and South Korean Kospi managed 0.2% and 0.7% gains, respectively. China’s Shanghai Composite slipped 0.05%.
European stocks are mixed as well, with a slew of economic data and big-name earnings taking precedence. Most notable is bank HSBC, which beat expectations and revealed a $3 billion buyback plan. In March, the euro zone inflation survey showed an expected increase of 2.9% over the next calendar year, and in Germany consumer sentiment improved to -20.6 from last month’s -24.3. At last check, London’s FTSE 100 is 0.4% higher, Germany’s DAX is up 0.7%, and France’s CAC 40 is 0.2% lower.