tl;dr
Stock index futures inched higher on Monday, while yields were lower, as investors look forward to more earnings, and the Federal Reserve meeting scheduled for later in the week. S&P 500 futures (SPX) 0.1%, Nasdaq 100 futures (US100:IND) 0.1%, and Dow futures (INDU) 0.2%. The 10-year Treasury yie...
Stock index futures inched higher on Monday, while yields were lower, as investors look forward to more earnings, and the Federal Reserve meeting scheduled for later in the week. S&P 500 futures (SPX) 0.1%, Nasdaq 100 futures (US100:IND) 0.1%, and Dow futures (INDU) 0.2%. The 10-year Treasury yield (US10Y) was down 2 basis points to 4.63%. The 2-year yield (US2Y) was lower by 2 basis points to 4.98%. Wall Street closed the week on a high after earnings from tech giants Microsoft (MSFT) and Alphabet (GOOG) (GOOGL) reignited the artificial intelligence craze, and as the Fed's preferred price gauge largely matched estimates, calming sentiment. "With just two days left of a difficult April for markets, last week actually saw the best week for the S&P 500 and Nasdaq since November as earnings generally gave markets a boost even if the U.S. inflation data was net net worrying," said Deutsche Bank's Jim Reid. "We think weaker core PCE prints in Q2 will put Fed rate cuts back in play before long. When the data change, markets are quick to forget previous convictions," said Pantheon Macroeconomics. The Fed is expected to announce its latest interest rate policy on Wednesday. While it is widely expected that rates will be unchanged, investors keenly hear the post-announcement press conference from chairman Jerome Powell. "Markets are likely to be in limbo ahead of the Federal Reserve meeting on Wednesday. On several measures, U.S. inflation could be considered as already within the target range," said UBS' Paul Donovan. "We think the Fed right now is making a mistake by holding rates too high for too long. That might seem an odd argument to make, given the recent inflation data, but policymakers have tools which work only with very long lags, and history shows it is always a mistake to assume that recent data is a good guide to the future," said Pantheon Macro.
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers.
Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue. It was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Industry: Technology, Services-Prepackaged Software
Market Cap: 301.99 billion
Current Price: $35.21
Change: 2.93 ( 11.54%)
52-Week Range: $31.83 - $462.44
PE Ratio (TTM): 0.364
EPS (TTM): $2.93
Dividend & Yield: $0.20 (0.17%)
More about Alphabet Inc Class C
Alphabet Inc Class C Summary Alphabet Inc Class C
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Details
Sector: Technology
Services: Computer Programming, Data Processing, etc.
Market Cap: 2.147728884e 12
P/E Ratio: 29.95
Dividend: None
Beta: 5.8
EPS: 25.37
Volatility: 0.259
Volume: 3.18145987e 11
Price: 165.29
Change: 0.61
Change %: 0.154
More about Alphabet Inc Class A
Alphabet Inc Class A Summary
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Sector: TECHNOLOGY
Industry: SERVICES - COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: 2.147 trillion
PE Ratio (TTM): 29.7
EPS (TTM): None
Dividend Rate: 5.79
52-Week High: 25.37
52-Week Low: 0.259
Shares Outstanding: 3.181 billion
Profit Margin: 16.71%
Operating Margin: 0.61%
Return on Assets: 0.154
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