Before the Bell | BioNTech earnings and sales top Wall Street forecasts
Hey, mooers! Here are things you need to know before the opening bell:
Market Snapshot
Stock futures fell sharply early Monday, as U.S. rates continued to rise and traders struggled to find their footing after big market swings last week.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ fell 1.48%, while $S&P 500 Index (.SPX.US)$ futures dropped 1.84% and $Nasdaq Composite Index (.IXIC.US)$ futures were down 2.38%.
Top News
U.S. Stock Futures Fall as Bond Yields Edge Higher
U.S. stock futures fell to start the week, indicating that major equity indexes could decline again following last week's big swings.
Dollar Strength Bucks Inflation Woes
Other major currencies are falling as the dollar is climbing amid economic weakness world-wide.
Energy Stocks Still Have Gas in the Tank
Oil-and-gas stocks have had an amazing run as the rest of the market sagged, and there may be more to come.
BioNTech Earnings and Sales Top Wall Street Forecasts
$BioNTech (BNTX.US)$ said its first-quarter profit more than tripled to EUR3.7 billion ($3.9 billion), or EUR14.24 per share, from EUR1.13 billion, or EUR4.39 per share, as revenue jumped to EUR6.38 billion from EUR2.05 billion, mostly on its share of COVID-19 vaccine sales from Pfizer and Fosun Pharma as well as direct sales to customers in Germany and Turkey.
What's in Store for AMC Entertainment's Q1 Earnings?
$AMC Entertainment (AMC.US)$ is scheduled to report first-quarter 2022 results on May 9 after market close. The Zacks Consensus Estimate for Admissions revenues is pegged at $410 million, compared with $70 million reported in the prior-year quarter.
Rivian's IPO Lockup Ends Today
$Rivian Automotive (RIVN.US)$ investors have been dealing with a lot lately. Something else has arrived. The initial public offering lockup ends Monday, putting millions of shares on the market.
Palantir's Earnings and Outlook Fall Shy of Estimates
$Palantir (PLTR.US)$ posted soft first-quarter results, along with June quarter guidance that fell shy of previous Wall Street forecasts. For the March quarter, Palantir posted revenue of $446.4 million, up 31% from a year ago, a smidge shy of the company's guidance of $447 million, but above the Wall Street consensus at $443 million.
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg, Nasdaq
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Dino 64 : Try to get footing in an avalanche. lol
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Moomoo Breakfast US OP Dino 64 : The avalanche doesn't care if people are experts, the avalanche will probably not decide to take it easy on people, it does not have an ego or an agenda, Just a lot of mass and potential energy that is really hard to win an argument with, so be careful out there, and being able to continue to ski for a very long time