Market Updates
Nasdaq Futures Jump 2% in Pre-Market Trading
Barry Adams
28 Apr, 2022
New York City
U.S. stocks are pointing to a higher opening as investors digest latest wave of earnings.
Futures of the Nasdaq Composite and S&P 500 indexes show an opening as high as 2% after Meta Platforms reported better-than-expected earnings.
Meta Platforms, the parent of Facebook and Instagram. is trading 15% higher in pre-market trading.
Comcast, Cheesecake Factory, Qualcomm are expected to open sharply higher after beating estimates.
McDonald's jumped 2.4% in the pre-market trading after reporting revenues rose 11% to $5.67 billion but earnings declined to $1.1 billion or $1.48 per share from $1.54 billion or $2.05 a share.
PayPal is trading higher 2% after beating the earnings estimated but offered a slightly weaker current quarter outlook.
European markets are ahead between 1.% and 1.3% as investors focus on domestic earnings and look beyond the war in Ukraine.
Asian markets closed higher led by a 1.7% rise in the Nikkei and Hang Seng. The Sensex index in Mumbai jumped 1.3%.
Crude oil in international markets was nearly unchanged but traded with a slight negative bias.
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