Snap, Intel, Mattel, Silicon Laboratories: What to Watch When the Stock Market Opens Today

Updated April 23, 2021 9:03 am ET

Here’s what we’re watching ahead of Friday’s opening bell.

U.S. stock futures edged up as investors assessed fresh data on how manufacturing and services world-wide are faring in the second quarter.

Futures tied to the S&P 500 ticked 0.1% higher, and Nasdaq-100 futures edged up 0.2%, pointing to muted gains in technology stocks after the open. Read our full market wrap.

What’s Coming Up IHS Markit’s preliminary U.S. manufacturing index for April, due at 9:45 a.m. ET, is expected to rise to 60.5 from 59.1 at the end of March, and the services index is expected to rise to 61.0 from 60.4.

U.S. new home sales, due at 10 a.m., are expected to rise to an annual pace of 888,000 in March from 775,000 a month earlier.

Market Movers to Watch


SNAP -2.14%

shares shot 5.6% higher ahead of the bell. The social-media company’s daily active users reached 280 million, up strongly from a year earlier, though the social-media company posted another quarterly loss.


INTC -1.77%

shares dropped 3.2% premarket. The semiconductor giant’s new chief executive said a global chip-supply shortage could stretch two more years as the company posted weaker quarterly earnings.

Skyworks Solutions

SWKS -1.71%

shares jumped 4.5% premarket. The semiconductor firm after Thursday’s close said it agreed to buy

Silicon Laboratories

SLAB -2.23%

‘ infrastructure and automotive business in an all-cash deal valued at $2.75 billion. Silicon Labs’ shares soared 13.3%.


KMB -0.81%

delivered its earnings report premarket, and its stock subsequently dropped 4.1%.


MAT 0.14%

shares climbed 6.7% premarket. The toymaker raised financial projections for the year, pointing to strong sales trends including its iconic Barbie doll.

Barbie dolls from Mattel, Feb. 21, 2020.


carlo allegri/Reuters

American Express

AXP -0.01%

shares slipped 4.2% premarket after the card company’s first-quarter revenue came up short of expectations.


HON -0.54%

shares fell 1.8% premarket after the company posted roughly flat revenue and a smaller profit for the first quarter amid a decline in sales in its aerospace segment.

Regions Financial

RF -1.27%

fell 2.7% premarket after the Alabama-based regional bank reported first-quarter profit and revenue that rose above expectations, while net interest income came up shy.

Market Facts The value of


BX 3.30%

private-equity portfolio climbed by 15.3% in the latest quarter, far exceeding the 5.8% gain for the S&P 500.

Copper’s price has soared roughly 90% over the last 12 months, with bulls pointing to robust demand from the world’s transition to green energy and speedy economic growth in China, which accounts for about half of global consumption.

Chart of the Day

A sudden weekend drop in the price of bitcoin suggests the digital currency’s yearlong rally might finally be running out of steam.

Must Reads Since You Went to Bed

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Source link

error: Content is protected !!