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.
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.
Market Temperature
Top News
Stock futures edge higher after bruising week
U.S. indexes were poised to regain some lost ground as investors prepared for a meeting of Federal Reserve policy makers and earnings from big technology companies.
Economy week ahead: Fed, GDP, consumer spending
The Federal Reserve is likely to strengthen expectations of rate increases this year.
Eurozone growth slows as Omicron hits services
Eurozone business activity growth slowed for a second consecutive month, as the spread of Omicron led to yet another steep drop in spending on services, even as an easing of supply chain delays provided a boost to manufacturing production.
Tech rout fueled by bond-market turn
Rising bond yields, particularly on inflation-protected Treasurys, are viewed as close indicators of borrowing costs for businesses and consumers.
Peloton investor calls for sale, exit of CEO
Blackwells Capital believes the stationary-bike maker could be an attractive acquisition target for larger technology or fitness-oriented companies, according to people familiar with the matter. $Peloton Interactive (PTON.US)$
Activist investor Nelson Peltz buys stake in Unilever
Trian Fund Management has acquired a stake in $Unilever (UL.US)$, adding pressure to the packaged food and consumer goods giant after its failed bid to buy GlaxoSmithKline's consumer health unit.
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.
Read More
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo News Official Account
Explore and integrate top feeds before the bell
64KFollowers
14Following
65KVisitors
Follow
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