Before the Bell | Philips sees supply chain recovery this year
By Julianna
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures rose declined Monday, following the S&P 500′s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve.
- Philips reported a steep drop in fourth quarter earnings to EUR647 million due to supply chain and Covid-19 related challenges and said it expects to start the new year with a comparable sales decline followed by a recovery and strong second half.
- Stock futures rose declined Monday, following the S&P 500′s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve.
- Philips reported a steep drop in fourth quarter earnings to EUR647 million due to supply chain and Covid-19 related challenges and said it expects to start the new year with a comparable sales decline followed by a recovery and strong second half.
Market Snapshot
Stock futures rose declined Monday, following the S&P 500′s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve.
Futures on the $Dow Jones Industrial Average(.DJI.US$ edged down 160 points. $S&P 500 Index(.SPX.US$ futures decline 26 pionts and $NASDAQ 100 Index(.NDX.US$ futures declined 111 pionts. All three major indexes had been higher earlier in the session.
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Philips sees supply chain recovery this year
$Royal Philips(PHG.US$ reported a steep drop in fourth quarter earnings to EUR647 million due to supply chain and Covid-19 related challenges and said it expects to start the new year with a comparable sales decline followed by a recovery and strong second half.
Kohl's can't find relief from investor pressure
In a letter, Engine Capital urged $Kohl's Corp(KSS.US$ 's to run a sale process following Starboard Value's bid, as activists remain unsatisfied with the pace of the the department-store chain's turnaround.
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Mike Hunt : Could you please note which earnings are before market and which are after market on your earnings chart? It would be very helpful