Everything You Need To Know
US futures are trading higher after better than expected Big Tech earnings.
European and Asian markets are trading higher after the Fed’s FOMC decision to keep rates near zero.
Gold is trading slightly higher while silver is up 1.2%. Oil prices are trading higher amid a bullish demand outlook despite India’s struggles with coronavirus.
Bitcoin is down 1.07% and is currently trading around $54,446.24. Ethereum is trading 1.3% higher and is currently trading around $2,767.
40% of US adults have now been vaccinated. President Biden proposed a $1.8T social spending plan, paid for by tax hikes on the wealthy. Spotify reached 360M monthly users. LinkedIn produced more ad revenue $3b than Snapchat or Pinterest.
Biggest Pre-Market Movers
Facebook (FB) is trading 7.6% higher after beating analyst earnings expectations by $1.03 per share. Comcast is trading 2.9% higher after beating earnings estimates by 17 cents. Cruise line stocks are trading higher after the CDC said it was committed to a restart of US cruises by mid-summer. Apple is trading 3% higher after beating earning and revenue estimates. Apple also announced a $90b stock buyback program. Qualcomm is trading 5.1% after beating earning and revenue estimates.
Chart of the Day
Tesla Critical Point