Before the Bell | Delta rallies after earnings topper amid red-hot demand

Moomoo Breakfast US wrote a column · Apr 13, 2022 06:13

Hey, mooers! Here are things you need to know before the opening bell:

- Stocks futures were higher in early morning trading Wednesday, as Wall Street tried to recover from a downbeat session following the release of key inflation data.

Market Snapshot

Futures on the $Dow Jones Industrial Average(.DJI.US)$ gained 0.31%, while $S&P 500 Index(.SPX.US)$ futures climbed 0.37% and $Nasdaq Composite Index(.IXIC.US)$ futures were up 0.51%, updated on April 13, 2022 at 8:00 a.m. ET.

Before the Bell | Delta rallies after earnings topper amid red-hot demand

Top News

Stock Futures Tick Up Ahead of Earnings

U.S. stock futures rose ahead of earnings reports from major companies and as investors considered the highest inflation in four decades.

Fed's Barkin Says Economy May Be Shifting to Higher Inflation Regime

The Federal Reserve may be facing more persistent inflation pressures that could mean interest rates will be higher than in recent years, Federal Reserve Bank of Richmond President Thomas Barkin said Tuesday.

JPMorgan Chase Non-GAAP EPS of $2.63 Misses by $0.07, Revenue of $30.7B Beats by $170M

$JPMorgan(JPM.US)$ press release: Q1 Non-GAAP EPS of $2.63 misses by $0.07. Revenue of $30.7B (-5.0% Y/Y) beats by $170M. managed revenue of $31.6B.

Delta Air Stock Surges After Narrower-than-expected Loss, Big Revenue Beat

Shares of $Delta Air Lines(DAL.US)$ shot up 6.2% in premarket trading Wednesday, after the air carrier reported a narrower-than-expected first-quarter loss and revenue that was well above forecasts, although load factor missed.

BlackRock's Earnings Rise, Beat Wall Street Estimates

$Blackrock(BLK.US)$, the world's largest asset manager, delivered another strong quarter with revenue and earnings per share surpassing analysts' forecasts. Revenue advanced 7% for the quarter to $4.7 billion. Earnings rose to $9.35 a share from $7.77 a year earlier.

Meta Plans to Take a Nearly 50% Cut on NFT Sales in Its Metaverse

$Meta Platforms(FB.US)$-parent is planning to take a cut of up to 47.5% on the sale of digital assets on its virtual reality platform Horizon Worlds, which is an an integral part of the company's plan for creating a so-called "metaverse."

Etsy Chief Stands by Strategy of Competing With Amazon

Josh Silverman says revenue from recent fee increase would be used to attract new buyers: "You've got to do something different." $Etsy Inc(ETSY.US)$ $Amazon(AMZN.US)$

United Robotics Group to Acquire SoftBank's Pepper Developer

United Robotics Group, a German robot maker, has reached an agreement to acquire $SoftBank Group (ADR)(SFTBY.US)$ Europe SAS, the developer of humanoid Pepper robot, the companies said.

Inflation's peak won't give us a rate reprieve

Earnings season poses next trial for volatile stock market

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