- Earnings driving the markets. About 25% of the companies in the S&P 500 have reported and according to Refinitiv profit growth is expected to come in at 76% which would be the best growth since 2009.
- Twitter (TWTR) up 4.0%+ pre-market after reporting an adjusted profit of 0.20 per share (vs. 0.07 est.). Rev also better with ad sales up 87% from a year ago. 
- Snap (SNAP) up 16.0%+ pre-market after a huge earnings beat. A $0.01 loss was expected but SNAP reported an adjusted profit of $0.10 per share with rev better than expected and higher than expected daily user metrics.
Capital One Financial (COF) down pre-market in spite of better than expected earnings ($7.62EPS vs. $4.64 est.). Rev also better.
- Intel (INTC) down 2.0% pre-market in spite of an earnings beat ($1.28EPS vs. $1.06 est.). Rev was also better. But the company said that the global chip shortage could go well into 2023.
- American Express (AXP) reported better than expected earnings and up 3.0%+ in pre-market trading. $2.80EPS vs. $1.66 including better rev. #'s helped by increased travel and entertainment spending in addition to a release in credit reserves.
- Honeywell (HON) also reported solid earnings but is down slightly pre-market.
- Schlumberger (SLB) up 2.0%+ pre-market after an earnings beat. 0.30EPS vs. 0.26 est. helped by a rebound in oilfield services activity.
- Kimberley-Clark (KMB) reported earnings that were in-line with expectations but is down 4.0% pre-market after cutting forecasts for the year because of higher costs.
- Facebook (FB) seeing a boost after TWTR & SNAP earnings, FB reports next week.