Dow Jones Today: Stock Futures Climb Following Inflation Data; Google, Microsoft Soar
Stocks Making the Biggest Moves Premarket
4 minutes ago
Gains:
- Snap (SNAP): Shares of the social media company surged 25% after it reported a return to double-digit revenue growth in the first quarter.
- Alphabet (GOOGL): Shares of the tech giant jumped 11% after it announced its first dividend, authorized a $70 billion buyback program, and reported blowout first-quarter earnings.
- Microsoft (MSFT): Shares climbed more than 3% after the company reported better-than-expected quarterly results, with cloud revenue increasing more than 20% from the prior year.
Losses:
- Intel (INTC): Shares of the chipmaker tumbled 8% after its current-quarter revenue guidance fell short of Wall Street’s expectations, overshadowing better-than-anticipated earnings.
- Atlassian (TEAM): Shares of the enterprise software maker fell more than 7% after the company said longtime co-CEO Scott Farquhar would step down.
- ExxonMobil (XOM): Shares of the oil giant slid 2% after reporting profit declined more than analysts were expecting in the first quarter, with lower natural gas prices and slimmer refinery margins.
Stock Futures Climb Ahead of Inflation Data
57 minutes ago
Futures contracts connected to the Dow Jones Industrial Average were up 0.2% in premarket trading on Friday.
S&P 500 futures were 0.8% higher.
Nasdaq 100 futures rose 1% about an hour before markets opened.