5 things to know before the stock market opens on Tuesday

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Stock futures are lower after Monday’s intraday reversal

Traders work on the floor of the New York Stock Exchange (NYSE) on April 25, 2022 in New York City.

Spencer Platt | Getty Images

Stock futures were slightly lower in pre-market trading on Tuesday, as Wall Street follows a roller coaster session the day before that ended with the major US stock indices in green. Monday the Nasdaq composite it had a turnaround at the end of the session to finish up by 1.63%; at its lows, the tech-heavy index was down about 1%. the S&P 500, which fell to a new intraday low of 2022, eventually advanced 0.57%. the Industrial average of the Dow Jones added 84 points, or 0.26%, after falling more than 500 points on Monday.

April was a sad month for Wall Street, and now the market is entering a seasonally weak period for stocks while it faces more headwinds. They include tighter Federal Reserve policy, high inflation, recession concerns and the current situation It was Russian Ukraine. The Fed is set to announce Wednesday a key interest rate decision.

2. The 10-year Treasury yield is just under 3%

The bond market is reacting to the Federal Reserve’s adoption of a more aggressive policy approach in an attempt to weaken inflationary pressures in the US economy. The 2-year Treasury bill yield, which tends to be more sensitive to central bank policy, rose about 4 basis points to 2.776% on Tuesday morning. One basis point equals 0.01%. Yields move inversely to prices.

3. Pfizer and Burger King Parents Offer Better Earnings

Albert Bourla, CEO of Pfizer, speaks during a press conference with the President of the European Commission after a visit to oversee the production of the Pfizer-BioNtech Covid-19 vaccine at the plant of the US pharmaceutical company Pfizer, in Puurs, on April 23, 2021. .

Giovanni Tis | AFP | Getty Images

Pfizer beating Wall Street estimates on the upper and lower lines on Tuesday; his shares were slightly higher in pre-market trading. The company reported first-quarter earnings of $ 1.62 per share, excluding rumors, surpassing consensus estimates of 15 cents per share, according to Refinitiv. Pfizer’s quarterly revenue of $ 25.66 billion exceeded analysts’ forecasts of $ 23.86 billion. The company covid the vaccine contributed $ 13.2 billion to sales in the quarter.

International restaurant brands it also exceeded sales and profit expectations. Burger King parent Tim Hortons earned 64 cents per share, excluding items, on $ 1.45 billion in first-quarter revenue. Analysts had estimated earnings of 63 cents per share on $ 1.41 billion in sales, according to Refinitiv. Burger King has seen strong sales growth in the same store at its restaurants overseas.

4. Major Wall Street regulator nearly doubles the staff of his crypto unit

Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a hearing of the Senate Banking Commission in Washington, DC, USA, on Tuesday, July 30, 2013.

Andrew Harrer | Bloomberg | Getty Images

Number of Securities and Exchange Commission Staff Dedicated to Cryptocurrency Markets Will Nearly Double, Wall Street’s Leading Regulator announced Tuesday. The agency will add 20 positions to its “Crypto Assets and Cyber ​​Unit”, bringing the total to 50. The SEC’s new hires will include fraud analysts, personnel attorneys and trial attorneys, which according to President Gary Gensler they will make the regulator “better equipped to control irregularities in the cryptocurrency markets” and continue to manage cybersecurity tasks.

Cryptocurrencies have become very popular in recent years. There has been a wave of retail investors starting to trade digital assets, while institutional players like venture capitalists have supported blockchain-based start-ups in the nascent industry. However, Gensler has raised concerns about potential fraud in cryptocurrency markets and sought to expand protections for retail investors, in particular.

5. Political reports leaked from the Supreme Court’s draft decision would overthrow Roe v. veal

Associate Justice Samuel Alito attends the swearing-in ceremony for Secretariat of Defense Mark Esper in the Oval Office of the White House in Washington, DC on July 23, 2019.

Nicholas comb | AFP | Getty Images

The Supreme Court is ready to overturn the historic Roe v. Wade rulingwhich legalized abortion in the United States nearly 50 years ago, according to a leaked draft decision obtained from Politico. Judge Samuel Alito wrote the draft opinion, with at least four other Conservative Supreme Court members agreeing with him. “Roe was terribly wrong from the start,” wrote Alito in the draft published by Politico. CNBC was unable to independently verify the draft decision that Politico said was first circulated among judges in February. The draft decisions are not final. A Supreme Court spokesperson declined to comment on the Politico report on CNBC.

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