5 things to know before the stock market opens on Friday, April 28

Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City.

Michael M. Santiago | Getty Images

Here are the top stories investors need to start their trading day:

1. Here comes the weekend

After a big rally on Thursday – the Dow Jones and S&P 500 had their best days since January – it looks like stocks may end the week on a bruise. Futures indicated on Friday morning that investors weren’t too happy with the latest batch of tech dividends. Overall, while the companies are doing well against Wall Street expectations in this earnings period, they aren’t quite astonishing to investors, according to some market watchers. There are more quarterly results coming next week as well with big names like strongholdAnd Starbucks And Discovery Warner Brothers on deck. Follow live market updates.

2. Cloudy with a chance of disappointment

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on October 5, 2021.

David Ryder | bloomberg | Getty Images

See also  The UAW is preparing for a limited strike against Detroit automakers on Friday

3. Intel wins despite losing big

4. Post available

A closed Bed Bath & Beyond store in San Francisco, California, United States, on Monday, April 24, 2023.

David Paul Morris | bloomberg | Getty Images

5. Exxon is making record profits

A view of the ExxonMobil refinery in Baytown, Texas.

Jessica Rinaldi | Reuters

Low energy prices will dull. Exxon Had a great first quarter. Its profits doubled during this period compared to the same period last year. In fact, the oil giant’s $11.43 billion in profits for the first three months is a company record for the first quarter. Increased production helped boost earnings, according to CFO Kathryn Michaels. She told Reuters, “We achieved a record in the first quarter, despite the fact that energy prices and refining margins fell slightly.” competition chevron It also posted higher earnings that beat Wall Street expectations, even as profits in its oil and gas production division fell by a quarter compared to the same period last year.

See also  Manufacturers' expectations dwindle as recession fears grow

— CNBC’s Sarah Main, Annie Palmer, Keef Leswing, Melissa Rybko contributed to this report.

Follow the broader market actions like a pro CNBC Pro.

Leave a Reply

Your email address will not be published. Required fields are marked *