Here are the most important news, trends and analyzes from which investors should start their trading day:
1. Futures on stocks are fixed after the intraday trading on Monday
Traders are working on the floor of the New York Stock Exchange (NYSE) on April 25, 2022 in New York.
Spencer Platt Getty Images
Stock futures remained unchanged on Tuesday in pre-market trading, as Wall Street followed a roller coaster session the day before, which ended with the main US stock indexes in green. On Monday, the Nasdaq Composite had a turnaround at the end of the session to finish higher by 1.63%; at its lowest levels, the technology index fell by about 1%. The S&P 500, which fell to a new low during the day in 2022, eventually rose 0.57%. The Dow Jones Industrial Average added 84 points, or 0.26%, after falling more than 500 points on Monday.
April was a gloomy month for Wall Street and now the market is entering a seasonally weak period for stocks, while facing many headwinds. These include tighter Federal Reserve policies, high inflation, fears of a recession and the ongoing Russian-Ukrainian war. The Fed will announce a key decision on interest rates on Wednesday.
2. 10-year transactions with yields below 3%
The bond market reacted to the Federal Reserve taking a more ingenious political approach in an attempt to ease inflationary pressures in the US economy. Yields on 2-year government securities, which are typically more sensitive to central bank policy, rose about 3 basis points on Tuesday morning to 2.766%. The base point is 0.01%. Profitability is moving back in price.
3. The parent of Pfizer and Burger King provide winning results
Pfizer CEO Albert Burla spoke during a press conference with the President of the European Commission after a visit to monitor the production of Pfizer-BioNtech Covid-19 vaccine at the plant of the American pharmaceutical company Pfizer, in Puurs, on April 23, 2021.
John Tees AFP | Getty Images
Pfizer surpassed Wall Street’s top and bottom line estimates on Tuesday; its shares were slightly higher in pre-market trading. The company reported first-quarter earnings of $ 1.62 per share, excluding items, exceeding consensus estimates by 15 cents a share, according to Refinitiv. Pfizer’s quarterly revenue of $ 25.66 billion exceeded analysts’ estimates of $ 23.86 billion. The company’s Covid vaccine contributed $ 13.2 billion in quarterly sales.
Restaurant Brands International also exceeded sales and profit expectations. The parent of Burger King and Tim Hortons earned 64 cents a share, excluding items, with revenue of $ 1.45 billion in the first quarter. According to Refinitiv, analysts estimated earnings of 63 cents per share on sales of 1.41 billion dollars. Burger King recorded strong sales growth in the same store in its overseas restaurants.
4. The best Wall Street regulator is almost doubling its crypto staff
Gary Gensler, Chairman of the Commodity Futures Trading Commission (CFTC), spoke at a Senate Banking Committee hearing in Washington, DC, on Tuesday, July 30, 2013.
Andrew Harr Bloomberg | Getty Images
The number of employees of the Securities and Exchange Commission dedicated to cryptocurrency markets will double, the senior regulator of Wall Street announced on Tuesday. The agency will add 20 positions to its “Crypto Assets and Cyber Unit”, which will lead to a total of 50. The new SEC staff will include fraud analysts, lawyers and court lawyers, which, according to Chairman Gary Gensler, will make the regulator “more well prepared for police violations in crypto markets ”and continue to fulfill their cybersecurity obligations.
Cryptocurrencies have grown in popularity in recent years. There has been a flood of retail investors who have started trading in digital assets, while institutional players such as venture capitalists have supported blockchain-based start-ups in the nascent industry. However, Gensler expressed concerns about potential fraud in crypto markets and sought to extend protection to retail investors, in particular.
5. Politico reports, expired draft Supreme Court ruling, will annul Rowe v. Wade
Judge Samuel Alito attends the swearing-in ceremony for Secretary of Defense Mark Esper at the Oval Office of the White House in Washington, DC, on July 23, 2019.
Nicholas Cam AFP | Getty Images
The Supreme Court is ready to overturn Rowe’s remarkable decision against Wade, which legalized abortion in the United States nearly 50 years ago, according to an expired draft decision received from Politico. Judge Samuel Alito wrote the draft opinion, with at least four other conservative members of the Supreme Court agreeing. “Rowe was extremely wrong from the start,” Alito wrote in a draft published by Politico. CNBC failed to independently verify the draft decision, which Politico said was first circulated to judges in February. The draft decisions are not final. A Supreme Court spokeswoman declined to comment to CNBC on the Politico report.
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