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Hello. I'm Katy Barnato, bringing you the latest ahead of Friday's opening bell.
Stock futures are pointing to a market rebound, following Thursday's selloff . That is thanks in part to strong earnings after the close from Alphabet and Microsoft.
The Federal Reserve's favored inflation metric, the personal-consumption expenditures price index, for March is due this morning. That readout was foreshadowed in yesterday's GDP data , which gave some details about PCE last quarter.
Follow our live coverage throughout the day for the latest news affecting markets.
Meanwhile, our Hannah Miao reports that trading activity at Charles Schwab, Morgan Stanley and Robinhood has reached its highest levels since early 2022.
Live Markets Snapshot Data refreshes every time you open this email. CONTENT FROM: GE Aerospace A New Era Begins
GE Aerospace launched as an independent, public company and delivered strong results in the first quarter of 2024.
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Stocks to Watch
Alphabet $(GOOG)$ , $(GOOGL)$ : Google's parent said quarterly profit jumped by more than half and announced its first cash dividend . Shares soared 11% ahead of the opening bell.
Microsoft $(MSFT)$ : The software company reported quarterly results that beat Wall Street estimates for sales and revenue . Shares rose 4% premarket.
Intel $(INTC)$ : The chip maker reported a quarterly loss and disappointing outlook amid a multi-year turnaround effort. Shares sank 7% premarket.
Snap (SNAP) : The company behind Snapchat reported 21% revenue growth in the first quarter, blowing past market expectations and its own guidance. Shares jumped 23% ahead of the opening bell.
Anglo American (UK:AAL) : The miner rejected a $38.8 billion takeover bid from rival BHP (UK:BHP, BHP ), saying the proposal undervalues its shares and is unattractively structured. Its stock slipped in London. BHP's dropped more than 4%.
CVC Capital Partners (NL:CVC) : The private-equity company's stock began trading on the Amsterdam stock exchange, surging from the price set in its initial public offering.
Earnings are coming in from Exxon Mobil $(XOM)$ and Chevron $(CVX)$ , among others, ahead of the market open.
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The Thrill Factor Is Back for Retail Investors
By Hannah Miao
The rally that powered stocks higher for much of this year made everyday investors excited about trading again.
Amateurs flocked to trading platforms during the pandemic but pulled back in 2022 when the market dropped. When stocks climbed to new highs in 2024, many jumped back in-and had fun trading once more.
"It has been very, very hard to lose money," said Allen Tran, a 26-year-old in the Chicago suburbs.
Tran is the founder of HaiKhuu Trading, which runs groups on Facebook and Discord for individual investors. The number of active members in HaiKhuu's biggest Facebook group has more than quadrupled since the beginning of last year to roughly 83,000, he said. On Discord, Tran said the chat room feels buzzier than it has in the past two years.
Earnings reports and financial disclosures from some of the biggest retail brokerages also reflect an uptick in trading to start the year.
Keep reading .
The Wall Street Journal's Evan Gershkovich is being wrongfully detained in Russia after he was arrested while on a reporting trip and accused of spying-a charge the Journal and the U.S. government vehemently deny. Follow the latest coverage , sign up for an email alert , and learn how you can use social media to support Evan.
Charting the Markets
The artificial intelligence race is getting more expensive for all. Alphabet and Microsoft's latest results managed to take some of the sting out of the rising price tag .
Investors are backing away from expectations that the U.S. central bank can reduce rates in coming months, hitting markets , with the yield on 10-year Treasurys jumping above 4.7% on Thursday.
Renewable power's rapid growth has been a bright spot in the energy transition, but soaring demand could make those gains moot .
Must Reads
Donald Trump's allies are drafting plans to try to blunt the Fed's independence if the former president wins a second term. Some of his advisers argue that the head of state could help set interest rates and oust Jerome Powell as Fed chair.
Pro-Palestinian protesters are demanding colleges divest from Israel, but endowment chiefs say that would set a questionable precedent. The divestment demands vary across and can be expansive, targeting profitable staples of investment portfolios .
The standard ways of measuring economic growth don't capture what life is like for real people. A new metric offers a better alternative, especially for seeing disparities across the country, according to a Journal essay .
More:
ByteDance Says It Won't Sell U.S. TikTok Business OpenAI's Sam Altman, Other Tech Leaders to Serve on AI Safety Board Amazon, YouTube Vie for NBA Streaming Rights This Day in Markets On this day in 1973, the Chicago Board Options Exchange opened, becoming the first marketplace for trading listed options -on 16 stocks. Beyond the Newsroom
Buy Side from WSJ: The Best Soundbar and Subwoofer Sets for Your TV Under $1,000
About Us
We want to be the first place you go to get ready for the opening bell every day. This newsletter is written by Katy Barnato ( @katybarnato ) in London.
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
April 26, 2024 06:40 ET (10:40 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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