Beat the street: Fed speaker comments eyed; Robinhood Markets; Walt Disney
US stock index futures pare losses after weekly jobless claims data. Traders now eye remarks from San Francisco Fed President Mary Daly and the upcoming Michigan consumer sentiment reading.
Robinhood Markets beats Q1 profit estimates. Plus, a streaming tie-up between Walt Disney and Warner Bros Discovery.
(AI Video Summary)
Jobless claims data
Angeline Ong hosts today's "Beat the street" episode, discussing expectations for a cautious market opening in anticipation of jobless claims data and remarks from Fed President, Mary Daly. Jobless claims exceeded expectations, affecting market forecasts.
Streaming tie-up
Highlights include a Walt Disney and Warner Bros. Discovery streaming partnership ahead of intense competition, Robinhood's earnings surpassing estimates, and impending credit card rollout.
Indices and stock analyses
Technical analysis suggests the Dow Jones could target new highs. Airbnb's stock reacts to weaker guidance despite strong earnings, and oil prices trend upwards, influenced by falling crude oil inventories and refinery utilisation rates. The episode closes with currency market volatility, particularly around the British pound's reaction to the Bank of England's rate decision.
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