Good morning traders and investors of the r/stocks sub! Welcome to the new trading day and a fresh start! Here are your pre-market stock movers & news on this Thursday, May the 11th, 2023-
Stock futures rise slightly ahead of more U.S. inflation data: Live updates
U.S. stock futures were higher Thursday as investors look toward Thursday’s producer price index report.
Dow Jones Industrial Average futures climbed 40 points, or 0.1%. S&P 500 futures rose 0.3% along with Nasdaq-100 futures.
Economists polled by Dow Jones expect producer prices rose 0.3% in April. The data comes a day after the Labor Department said the consumer price index, another closely watched inflation gauge, rose 4.9% last month on a year-over-year basis. That was slightly less than expected.
Weekly jobless claims numbers are also slated for release Thursday.
Traders also weighed quarterly results from Disney. Shares of the media giant dipped more than 5%. While higher prices helped its streaming division to narrow its losses, it dealt a harsh blow to subscriber growth.
The company also announced it would take on impairment charges of $1.5 billion to $1.8 billion as it removes more content from its streaming platforms.
“This is rebalancing and getting more efficient as they curate content. This is big news,” Ken Leon, CFRA Research’s director of equity research said on CNBC’s “Closing Bell: Overtime.”
“It’s essentially saying, ’We’re not putting everything into the future direct streaming, and we’re also going to look at where we can get the best returns that drive free cash flow,” Leon continued.
Wall Street is coming off a mixed session, with the Nasdaq Composite and S&P 500 rising 1% and 0.5%, respectively, on Wednesday. The Dow, meanwhile, closed marginally lower.
STOCK FUTURES CURRENTLY:
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YESTERDAY'S MARKET MAP:
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TODAY'S MARKET MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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EARNINGS RELEASES BEFORE THE OPEN TODAY:
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THIS AFTERNOON'S AFTER-HOURS EARNINGS CALENDAR:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
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YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
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YESTERDAY'S INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
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THIS MORNING'S STOCK NEWS MOVERS:
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STOCK SYMBOL: (TO BE POSTED LATER THIS MORNING.)
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FULL DISCLOSURE:
/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.
DISCUSS!
What's on everyone's radar for today's trading day ahead here at r/stocks?
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