5 things to know before the stock market opens on Thursday

Here are the most important news, trends and analysis investors need to start their trading day:

1. Stock futures are little changed on the last trading day of the week

US Stock Futures they were little changed on Thursday morning, as Wall Street enters the final trading day of a holiday-shortened week. Stocks had a strong wednesday, recovering on mostly positive earnings from carriers like Delta Air Lines and Fastenal. The S&P 500 and with a lot of technology Nasdaq Composite It snapped three-day losing streaks, rising 1.12% and 2.03%, respectively. The Dow Jones Industrial Average added 344 points, or 1.01%. Despite Wednesday’s gains, the main indices continue to pace with negative weeks. Investors are keeping an eye on corporate results as earnings season progresses. The stock market will be closed for Good Friday.

The 10-year Treasury yield stood at around 2.70% on Thursday morning, up just 1 basis point. Yields move inversely to prices, with one basis point equaling 0.01%.

2. Major Banks Including Goldman Sachs Report Results

Four major US banks reported first-quarter results on Thursday morning: Goldman Sachs, fargo wells, Citi Group Y Morgan Stanley. This is how they did it:

  • Goldman Sachs: The Wall Street bank significantly beat revenue and earnings forecasts as its trading desk deftly navigated market volatility. Shares of Goldman Sachs rose more than 2% in premarket trading.
  • Wells Fargo: Shares of the San Francisco-based bank fell after missed Street revenue estimates as mortgage loans in the quarter decreased. Wells Fargo’s earnings per share of 88 cents was better than the 80 cents analysts had anticipated, according to Refinitiv.
  • Citigroup: The firm led by CEO Jane Fraser dwarfed revenue and earnings estimates. Citi earned $2.02 per share on revenue of $19.19 billion. The stock was up more than 3% in premarket trading.
  • Morgan Stanley: The bank beat analysts’ forecasts on both the top and bottom results, lifting the stock by more than 2%. Strong quarterly results were buoyed by gains in trading revenue.

3. Elon Musk offers to buy Twitter and make it private

Elon Musk made an offer to buy Twitter for $54.20 a share, just days after Tesla The CEO and the world’s richest person changed course by joining the social media company’s board of directors. Muska prolific tweeter who has more than 81 million followers on the platform, recently became Twitterthe largest individual shareholder of . (Vanguard has since amassed a larger stake and is now the largest shareholder.) In a letter to Twitter president Bret Taylor, Musk said that he believes Twitter should be the “platform for free speech around the world,” but it cannot be that “in its current form.” He wrote: “Twitter needs to become a private company.” Musk’s offer values ​​Twitter at about $43 billion.

Shares of Twitter rose nearly 12% in premarket trading on Thursday following the news, which was revealed in a filing with the Securities and Exchange Commission. Tesla shares were down about 1.3%.

4. Amazon will add a 5% “fuel and inflation” surcharge to seller fees

Amazon intends to add a 5% “fuel and inflation” surcharge to existing fees it collects from third-party sellers in the US who rely on the e-commerce giant’s fulfillment services. In a notice to sellers obtained by CNBC, Amazon He said the additional fee will be implemented on April 28 and is “subject to change.” Amazon’s decision represents an attempt to offset its own rising costs as inflation in the US is at its highest levels since the early 1980s. Gasoline prices, in particular, have risen in recent weeks due to oil supply concerns related to Russia’s invasion of Ukraine.

Programming Note: Amazon CEO Andy Jassy will be interviewed live on CNBC’s “Squawk Box” at approximately 8:30 a.m. ET on Thursday.

5. Russian warship damaged, Moscow warns Finland and Sweden

The entire crew of Russia’s Moskva warship was evacuated after the flagship of its Black Sea fleet It was damaged. Ukrainian officials said the country successfully launched a missile attack on the ship, while Russia claimed the evacuation was due to fire. The incident is remarkable. Reuters reportedbecause the activities of the Russian navy in the Black Sea help to support Moscow’s ground operations in the southern part of Ukraine.

Like Finland and Sweden a little closer to seeking NATO membership, Russia said the two Nordic nations would become new “opponents” if they join the US-led military alliance. “There can be no more talk of a nuclear-weapon-free state in the Baltic; the balance must be restored,” Dmitry Medvedev, a key Russian Security Council official, said on his Telegram channel.

CNBC’s Natasha Turak and Annie Palmer contributed to this report.

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