Stocks are on the move lower after hitting four-month highs. Is this just a short breather? Plus, after-hours earnings are on the way with Google, Microsoft, and Starbucks all set to report. And Volkswagen strikes a deal with the U.S. to compensate diesel car owners. We will also discuss the business ramifications of the untimely death of pop icon Prince. Catch The Final Round with Jen Rogers and Rick Newman.
Winners and losers
Stocks on the move lower today include Mattel on a lackluster earnings, United Continental dropping on downbeat current quarter guidance, and Verizon. The communications giant slipped after reporting quarterly revenue that missed the mark and warning that the current labor strike now in its second week could hurt current quarter earnings.
On the flip side, stocks on the move higher include Under Armour with shares jumping on Steph Curry–boosted revenue figures, software maker Citrix after a solid earnings beat, and Viacom after it struck a carriage deal with DISH Network, avoiding a blackout of Viacom channels.Plus, some Viacom channels will also now appear on DISH’s Sling Internet service.
Markets and the banking system
With U.S. inflation low and global economies slowing, what possible headwinds might be in store for the markets? We spoke to Charles Wheelan, author of the new book, Naked Money.
- We’ll get a read on the manufacturing sector in the U.S. with PMI’s flash manufacturing index for April. The Street’s looking for a slight uptick from March’s 51.4 reading to 52.0.
- Earnings season rolls on with reports from American Airlines, Caterpillar, GE, and McDonald’s
- And finally – make sure to take time to celebrate Mother Earth tomorrow – as it’s Earth Day 2016. Every year more than one billion people across the world celebrate the event by pledging support for environmental protection.
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