Wall St set for flat open as Middle East jitters ease, Netflix slumps
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Netflix falls after dour Q2 forecast
Paramount up on likely Sony Pictures, Apollo buyout bid
Futures: Dow down 0.01%, S&P up 0.03%, Nasdaq down 0.09%
Updated at 8:31 a.m. ET/1231 GMT
By Shashwat Chauhan and Shristi Achar A
April 19 (Reuters) - Wall Street's main indexes eyed a flat open onFriday as initial jitters about an escalation in the Middle East conflict subsided, while Netflix dropped after forecastingcurrent-quarter revenue below estimates.
Explosions echoed over an Iranian city on Friday in what sources described as an Israeli attack , but Tehran played down the incident and indicated it had no plans for retaliation - a response that appeared gauged towards averting a region-wide war.
"Once the details were released, the markets were relieved and as you can see, the markets are off their lows," said Peter Cardillo, chief market economist at Spartan Capital Securities.
"As far as the conflict is concerned, that is always going to be a worry factor for the market. The earnings are more of a fundamental than the geopolitical concerns."
Netflix NFLX.O slumped 6.4% in premarket trading following the streaming video pioneer's lackluster second-quarter forecast.
Shares of other streaming services providers such as Walt Disney DIS.N and Roku ROKU.O retreated0.7% and 1.2%, respectively.
The S&P 500 .SPX and the Nasdaq .IXIC closed lower for the fifth straight session on Thursday, as economic data and comments from Fed officials suggested that the U.S. central bank was unlikely to cut interest rates in the near future.
Federal Reserve policymakers have coalesced around the idea of keeping borrowing costs where they are until perhaps well into the year, given slow and bumpy progress on inflation, and a still-strong U.S. economy.
Equities were rattled this week as investors readjusted their expectations over by how much the Fed would cut rates this year, with both the S&P 500 and the blue-chip Dow .DJI poised for a third weekly decline, while the Nasdaq was set for its fourth consecutive weekly loss, if current trend holds.
Money markets are now pricing in about 39basis points (bps)of cuts from the central bank this year, down from around 150 bps seen at the beginning of 2024, according to LSEG data.
U.S. stocks suffered an outflow of $4.1 billion in the latest week, according to Bank of America's weekly 'Flow Show' report , their largest two-week outflow since December 2022.
The CBOE Volatility index .VIX, also known as Wall Street's "fear gauge", was last up 0.61 points at 18.61 after breaching the psychologically important level of 20 earlier in the session.
At 8:31 a.m. ET, Dow e-minis 1YMcv1 were down 3 points, or 0.01%, S&P 500 e-minis EScv1 were up 1.75 points, or 0.03%, and Nasdaq 100 e-minis NQcv1 were down 15.25 points, or 0.09%.
Shares of Paramount Global PARA.O jumped 8.3% after a person familiar with the matter told Reuters that Sony 6758.T Pictures Entertainment and Apollo Global Management APO.N are discussing making a joint bid for the company.
Procter & Gamble PG.Nslipped 1.6% after the consumer goods giant missed third-quarter net sales estimates.
Ulta Beauty ULTA.Ofell 1.4% after Jefferies downgraded the cosmetics retailer to "hold" from "buy".
Reporting by Shashwat Chauhan and Shristi Achar A in Bengaluru; Editing by Sherry Jacob-Phillips and Maju Samuel
Activos relacionados
Últimas noticias
Descargo de responsabilidades: Cada una de las entidades de XM Group proporciona un servicio de solo ejecución y acceso a nuestra plataforma de trading online, permitiendo a una persona ver o usar el contenido disponible en o a través del sitio web, sin intención de cambiarlo ni ampliarlo. Dicho acceso y uso están sujetos en todo momento a: (i) Términos y Condiciones; (ii) Advertencias de riesgo; y (iii) Descargo completo de responsabilidades. Por lo tanto, dicho contenido se proporciona exclusivamente como información general. En particular, por favor tenga en cuenta que, los contenidos de nuestra plataforma de trading online no son ni solicitud ni una oferta para entrar a realizar transacciones en los mercados financieros. Operar en cualquier mercado financiero implica un nivel de riesgo significativo para su capital.
Todo el material publicado en nuestra plataforma de trading online tiene únicamente fines educativos/informativos y no contiene –y no debe considerarse que contenga– asesoramiento ni recomendaciones financieras, tributarias o de inversión, ni un registro de nuestros precios de trading, ni una oferta ni solicitud de transacción con instrumentos financieros ni promociones financieras no solicitadas.
Cualquier contenido de terceros, así como el contenido preparado por XM, como por ejemplo opiniones, noticias, investigaciones, análisis, precios, otras informaciones o enlaces a sitios de terceros que figuran en este sitio web se proporcionan “tal cual”, como comentarios generales del mercado y no constituyen un asesoramiento en materia de inversión. En la medida en que cualquier contenido se interprete como investigación de inversión, usted debe tener en cuenta y aceptar que dicho contenido no fue concebido ni elaborado de acuerdo con los requisitos legales diseñados para promover la independencia en materia de investigación de inversiones y, por tanto, se considera como una comunicación comercial en virtud de las leyes y regulaciones pertinentes. Por favor, asegúrese de haber leído y comprendido nuestro Aviso sobre investigación de inversión no independiente y advertencia de riesgo en relación con la información anterior, al que se puede acceder aquí.
