Here are 5 things to know before the stock market opens on Thursday

Here are the most important news, trends and analyzes that investors need to start their trading day:

1. Stock futures change slightly on the last trading day of the week

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 4, 2022.

Brendon McDermide | Reuters

U.S. stock futures changed slightly on Thursday morning as Wall Street entered the final trading day of the holiday-short week. Stocks had a strong Wednesday behind the most positive earnings from the likes of Delta Air Lines and Fastenal. The S&P 500 and tech-heavy Nasdaq Composite broke the three-day losing streak by climbing 1.12% and 2.03%, respectively. The Dow Jones Industrial Average added 344 points, or 1.01%. Despite Wednesday’s gains, key indicators are still in motion for a negative week. Investors are keeping a close eye on corporate results as the earnings season grows. The stock market will be closed on Good Friday.

The 10-year Treasury yield stood at about 2.70% on Thursday morning, up just 1 basis point. The yield goes upside down and a basis point equals 0.01%.

2. Major banks report results, including Goldman Sachs

David Solomon, CEO of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, USA, on Monday, April 29, 2019.

Patrick T. Fallon | Bloomberg | Getty Images

Four major US banks reported first-quarter results on Thursday morning: Goldman Sachs, Wells Fargo, Citigroup and Morgan Stanley. Here’s how they did it:

  • Goldman Sachs: Wall Street Bank is significantly at the top of its revenue and earnings forecasts as its trading desk cleverly navigates market volatility. Shares of Goldman Sachs have jumped more than 2% in premarket trading.
  • Wells Fargo: Shares of San Francisco-based bank fell quarterly after mortgage debt fell after missing street revenue estimates. Wells Fargo’s earnings per share of 88 cents was 80 cents better than analysts’ expectations, according to Refinitive.
  • Citigroup: The firm, led by CEO Jane Fraser, has surpassed revenue and profit estimates. Citi earned $ 2.02 per share on earnings of $ 19.19 billion. The stock has risen more than 3% in premarket trading.
  • Morgan Stanley: Bank analysts surpass forecasts at top and bottom lines, sending shares up more than 2%. Strong quarterly results added fuel to trading revenue gains.

3. Elon Musk offers to buy Twitter and take it personal

Entrepreneur and business magnate Elon Musk gestures during a visit to the Tesla Gigafactory plant under construction at Gruenheid, near Berlin, East Germany, on August 13, 2021.

Patrick Pliol | AFP | Getty Images

Elon Musk offered to buy টুই ​​54.20 per share on Twitter just days after Tesla’s CEO and the world’s richest man rejoined the board of directors of the social media company. Musk, a well-known Twitter entity with more than 81 million followers on its platform, has recently become Twitter’s largest personal shareholder. In a letter to Twitter chairman Brett Taylor, Musk said he thinks Twitter should be a “global freedom of speech platform”, but not in its current form. “Twitter needs to be transformed into a private company,” he wrote. Mask’s offer to Twitter is worth about $ 43 billion.

Twitter shares jumped nearly 12% in premarket trading on Thursday, according to a filing with the Securities and Exchange Commission. Tesla shares were down about 1.3%.

4. Amazon will add 5% ‘fuel and inflation’ surcharge to seller’s fees

Amazon vans line up at a distribution center in Orlando, Florida to pick up packages for Amazon Prime Day delivery.

Paul Hennessy | Nurfoto | Getty Images

Amazon wants to add a 5% “fuel and inflation” surcharge to existing fees collected from third-party vendors in the United States who rely on e-commerce giant perfection services. In a notice to vendors obtained by CNBC, Amazon said the additional fee would take effect on April 28 and was “subject to change.” Amazon’s decision represents an attempt to offset its own rising costs as inflation in the United States has been at its warmest level since the early 1980s. Gas prices, in particular, have risen due to concerns over oil supplies due to Russia’s invasion of Ukraine in recent weeks.

Programming Note: Amazon CEO Andy Jesse will be interviewed live on CNBC’s “Squawk Box” around 8:30 am ET Thursday.

5. Moscow warns Russia’s warships damaged, Finland and Sweden

The Russian missile cruiser Moskva was set on fire and evacuated after a Ukrainian attack. In 2015, Moskva was shown off the coast of Syria.

Max Delaney | AFP | Getty Images

The entire crew of the Russian warship Moscow was evacuated after the flagship of Russia’s Black Sea Fleet was damaged. Ukrainian officials say the country has successfully launched a missile strike on the ship, while Russia has claimed it was evacuated due to the fire. The incident is significant, according to Reuters, because Russian naval activities in the Black Sea helped Moscow’s ground operations in the southern part of Ukraine.

As Finland and Sweden move closer to NATO membership, Russia says the two Nordic countries will become new “rivals” if they join the US-led military alliance. Dmitry Medvedev, a senior member of Russia’s Security Council, told his telegram that “there is no need to talk about the Baltic nuclear-free state – the balance needs to be restored.”

Natasha Turak and Annie Palmer of CNBC contributed to this report.

Sign up now To follow every stock move of Jim Kramer for CNBC Investing Club. Follow broad market action like a pro on CNBC Pro.

Leave a Reply

Your email address will not be published.