5 things to know before the stock market opens today

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5 things to know before the stock market opens today

U.S stock futures traded mixed in early pre-market trade after the Nasdaq dropped by 1.4% in the previous session. Apple Inc. reported better than expected results for its first quarter after the closing bell on Thursday. The investors are waiting for the earnings of Chevron Corporation NYSE: CVX Charter Communications, Inc. NYSE: CHTR Colgate-Palmolive Company NYSE: Phillips 66 NYSE: PSX Data on personal income and outlays for December to be released at 8: 30 a.m. The employment cost index for the fourth quarter is scheduled to be released at 8: 30 a.m. The consumer sentiment index for January will be released at 10: 00 a.m. Futures for the Dow Jones Industrial Average dropped 65 points to 33,978. 00 while the Standard Poor's 500 index futures fell 1.75 points to 4,316. The futures for the Nasdaq index went up 58.75 points to 14,045. The price of oil was higher as Brent crude futures rose 0.4% to $88.56 per barrel, while the US WTI crude futures rose 0.6% to $87.09 a barrel. The Baker Hughes North American rig count report for the current week is scheduled to be released at 1: 00 p.m. The U.S. has the highest number of COVID 19 cases and deaths in the world, with total infections in the country exceeding 74,695, 330 with around 902,140 deaths. India reported a total of 40,622, 700 confirmed cases, while Brazil confirmed over 24,782, 920 cases.

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European markets were lower today. The STOXX Europe 600Europe 600 Index slipped 1.2%, while Spain's IBEX 35 Index fell 1.2% and London's FTSE 100 fell 1.1%. The French CAC 40 Index fell 1.4%, while the German DAX fell 1.6%. The German economy fell by 0.7% on quarter during the final three months of 2021, compared to market expectations for a 0.3% fall. Import prices in Germany went up 24% year-over-year in December. Producer prices in France rose 1% from a month ago in December, while the country's economy increased by 0.7% quarter-over-quarter in the fourth quarter. In the final three months of 2021, the Spanish economy grew 2.0 percent on quarter.

Asian markets traded mixed today. Japan's Nikkei jumped 2.09%, Hong Kong's Hang Seng Index dropped 1.08%, while China's Shanghai Composite fell 0.97%. Australia's S&P ASX 200 gained 2.2%, while India's BSE SENSEX fell 0.1%. Hong Kong's economy grew by 4.8% year-over-year in the fourth quarter, compared to a revised 5.5% surge in the prior period. In Australia, the final demand producer price index increased by 1.3% quarter-over-quarter.

RBC Capital upgraded Williams-Sonoma, Inc. NYSE: WSM from Sector Perform to Outperform and lowered the price target from $219 to $202.

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Visa Inc. reported better than expected results for its first quarter on Thursday.

FARFETCH Limited NYSE: FTCH has announced plans to acquire luxury beauty retailer Violet Grey for an undisclosed sum.

Western Digital Corporation NYSE: WDC posted upbeat earnings and sales results for its second quarter, but issued a weak forecast. Western Digital named Wissam Jabre its CFO. The company said it expects to see adjusted earnings of $1.50 to $1.80 per share in Q 3 of the year.