| Stock futures higher | Lyft to begin trading | Mnuchin: US-China talks 'constructive' |
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FRI, MAR 29, 2019
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AS OF FRI, MAR 29, 2019 • 07:10 ET
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Dow Jones Fut |
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25,717.46 |
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Current: |
25,840.00 |
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Change: |
103.00 |
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Impl. Open: |
110.54 |
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S&P 500 Fut |
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2,815.44 |
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Current: |
2,830.50 |
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Change: |
9.50 |
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Impl. Open: |
10.56 |
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NASDAQ 100 Fut |
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7,320.47 |
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Current: |
7,380.25 |
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Change: |
28.25 |
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Impl. Open: |
33.78 |
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Russell 2000 Mini |
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1,535.10 |
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Current: |
1,545.90 |
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Change: |
5.70 |
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Impl. Open: |
5.90 |
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U.S. stock futures were higher this morning on the final trading day of March and the first quarter. So far, 2019 has been a good year for the bulls. The S&P 500 is off to its best start to a year since 1998. The Dow must make up a 0.8 percent deficit today to avoid finishing lower for March. (CNBC)
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It's a very light day for earnings today. Auto retailer CarMax (KMX) is out with quarterly earnings this morning, while there are no companies of note issuing numbers after today's closing bell. (CNBC)
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Treasury Secretary Steven Mnuchin said in a tweet today that he and U.S. Trade Representative Robert Lighthizer had concluded "constructive" trade talks in Beijing in the first face-to-face meetings between the countries in weeks. (Reuters)
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Sen. Cory Booker is dipping into his pool of financial industry donors as he looks for a fundraising edge in the early goings of the 2020 race. Investment executive Marc Spilker and businessman George Tsunis are among the financiers interested. (CNBC)
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Bed Bath & Beyond (BBBY) laid off nearly 150 of its 65,000 employees this week, as more shoppers shift their spending online, a person familiar with the situation told CNBC. A little less than 50 jobs were cut at its namesake stores.
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Starting May 1, Disney (DIS) parkgoers in the U.S. will not be allowed to smoke or vape inside the company's theme parks. Designated smoking areas will be available outside of entrances to parks, water parks and EPSN sports complex. (CNBC)
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The New York Attorney General is suing OxyContin maker Purdue Pharma , Johnson & Johnson (JNJ), McKesson Corp. (MCK) and other opioid makers and drug distributors in a massive new legal fight against the industry. (CNBC)
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Boeing (BA) is facing its first lawsuit over the Ethiopian Airlines crash of a Boeing 737 MAX jet. It was filed in Chicago by the family of Jackson Musoni of Rwanda, one of the crash victims.
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Restoration Hardware parent (RH) reported adjusted quarterly profit of $3.00 per share, beating the consensus estimate of $2.86, even though the furniture retailer's revenue was below Wall Street forecasts. RH also cut its full-year earnings forecast, noting negative trends in the high end housing market.
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General Motors (GM) sold a closed South Korean plant to Tesla (TSLA) supplier Myongshin for an undisclosed price. Myongshin will use the facility for contract manufacturing of electric vehicles. Separately, GM said it would not cut the price of its electric Chevy Bolt even though a federal tax credit is due to drop by 50 percent on Monday.
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DowDupont (DWDP) cut its sales forecast for its first quarter, with the chemical maker citing the impact of floods in the Midwest on its agriculture business as well as weakness in its packaging and specialty plastics units.
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Spotify (SPOT) was rated "underperform" in new coverage at Credit Suisse, which said that consensus long-term expectations for the music streaming service are too high despite its own forecast of strong subscriber and revenue growth.
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Four teams are into the Elite Eight following another day of March Madness, the annual NCAA college basketball tournament. USA Today has look at the four biggest takeaways from Thursday's Sweet 16 action.
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