📈 Markets are quiet ahead of the important jobs report
Stock Index Futures are flat waiting for the jobs data. - Here's what is happening in the markets today, Thursday, May 27th.
Stock Index Futures are flat waiting for the jobs data.
Here's what is happening in the markets today, Thursday, May 27th.
It already feels like Memorial Day: Yesterday, we had a relatively quiet trading session. The S&P 500 eked out a 0.2% gain in light trading. TheDow finished little changed yesterday, while the Nasdaq gained 0.6%.
Best Buy (BBY) jumped 3.8% in the premarket after they reported quarterly earnings of $2.23 per share, which beat the consensus estimate of $1.39 a share. Revenue and comparable-store sales also exceeded Wall Street forecasts and Best Buy raised its full-year forecast.
Snowflake (SNOW) lost 11 cents per share for the first quarter, less than the 16 cents a share loss that analysts were anticipating. The revenue also topped forecasts, but shares fell 3.3% in the premarket as losses grow at a similar rate as its sales.
Williams-Sonoma (WSM) earned $2.93 per share for its latest quarter, beating the consensus estimate of $1.83 a share. The housewares retailer’s revenue came in above forecasts, and it also gave an upbeat outlook as shoppers continue to invest in their homes. The stock rose 3.3% in premarket trading.
More Stimulus Checks: After filing their tax returns, more people qualify for stimulus checks! The government has issued a new batch of $1,400 stimulus checks. This tranche includes more than 1.8 million payments worth more than $3.5 billion. More than 900,000 of those checks were sent via direct deposit, and the rest were delivered via paper checks.
Don't forget the meme trades! The WallStreetBets crew has returned, driving up so-called "meme stocks" on Wednesday:
Shares of AMC Entertainment (AMC) rose nearly 20% and GameStop (GME) climbed 16%, and the two are up more than 60% and 37%, respectively, this week alone. "These people don't have unlimited firepower," Mad Money's Jim Cramer noted, "but they've got enough firepower to engineer a short-squeeze any time a bunch of professionals decide to bet against this thing."
After weeks of rumors, Amazon (AMZN) finally acquired MGM for $8.5 billion. It’s Amazon’s second-largest acquisition after Whole Foods and the first time a tech company has bought a major legacy media firm.
Ford (F) said yesterday it expects 40% of its sales to come from electric vehicles by 2030. It’s got a long way to go: In the US, the company’s largest market, Ford’s EV sales have accounted for 1.2% of this year's total through April. But Ford committed to spending $30 billion on EV development in five years.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this podcast.
And for more stock market news, visit https://rockwelltrading.com.
#todaysstockmarket #stockmarkettoday #stockmarket
Here's what is happening in the markets today, Thursday, May 27th.
It already feels like Memorial Day: Yesterday, we had a relatively quiet trading session. The S&P 500 eked out a 0.2% gain in light trading. TheDow finished little changed yesterday, while the Nasdaq gained 0.6%.
Best Buy (BBY) jumped 3.8% in the premarket after they reported quarterly earnings of $2.23 per share, which beat the consensus estimate of $1.39 a share. Revenue and comparable-store sales also exceeded Wall Street forecasts and Best Buy raised its full-year forecast.
Snowflake (SNOW) lost 11 cents per share for the first quarter, less than the 16 cents a share loss that analysts were anticipating. The revenue also topped forecasts, but shares fell 3.3% in the premarket as losses grow at a similar rate as its sales.
Williams-Sonoma (WSM) earned $2.93 per share for its latest quarter, beating the consensus estimate of $1.83 a share. The housewares retailer’s revenue came in above forecasts, and it also gave an upbeat outlook as shoppers continue to invest in their homes. The stock rose 3.3% in premarket trading.
More Stimulus Checks: After filing their tax returns, more people qualify for stimulus checks! The government has issued a new batch of $1,400 stimulus checks. This tranche includes more than 1.8 million payments worth more than $3.5 billion. More than 900,000 of those checks were sent via direct deposit, and the rest were delivered via paper checks.
Don't forget the meme trades! The WallStreetBets crew has returned, driving up so-called "meme stocks" on Wednesday:
Shares of AMC Entertainment (AMC) rose nearly 20% and GameStop (GME) climbed 16%, and the two are up more than 60% and 37%, respectively, this week alone. "These people don't have unlimited firepower," Mad Money's Jim Cramer noted, "but they've got enough firepower to engineer a short-squeeze any time a bunch of professionals decide to bet against this thing."
After weeks of rumors, Amazon (AMZN) finally acquired MGM for $8.5 billion. It’s Amazon’s second-largest acquisition after Whole Foods and the first time a tech company has bought a major legacy media firm.
Ford (F) said yesterday it expects 40% of its sales to come from electric vehicles by 2030. It’s got a long way to go: In the US, the company’s largest market, Ford’s EV sales have accounted for 1.2% of this year's total through April. But Ford committed to spending $30 billion on EV development in five years.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this podcast.
And for more stock market news, visit https://rockwelltrading.com.
#todaysstockmarket #stockmarkettoday #stockmarket