Earnings galore; Spotify announcement; Wells Fargo anger

1. Earnings season in full swing: There's a deluge of corporate earnings reports on Tuesday.B...

Posted: Apr 24, 2018 1:52 PM
Updated: Apr 24, 2018 1:52 PM

1. Earnings season in full swing: There's a deluge of corporate earnings reports on Tuesday.

Before the bell, investors will hear from 3M, Caterpillar, Coca-Cola, Eli Lilly, Harley-Davidson, JetBlue Airways, Lockheed Martin, Restaurant Brands International, Sherwin-Williams and Verizon.

Then Capital One, iRobot, Six Flags, Texas Instruments and Wynn Resorts will report after the close.

Two big trends to watch relate to US tariffs and taxes.

Investors are watching for what companies have to say about President Donald Trump's steel and aluminum tariffs and how they could affect their bottom lines. They could also discuss the corporate tax cut enacted late last year.

2. Spotlight on Spotify: Music-streaming service Spotify, which recently went public, is expected to make a big announcement at 9 a.m. ET.

Experts have suggested it could unveil its first hardware device; possibly a music player for the car.

3. Questions for Wells Fargo: The embattled bank is hosting its annual meeting starting at 11 a.m.

Angry shareholders and activists are expected to call on Wells Fargo to change its ways.

Critics point to a string of scandals - millions of fake accounts, unwanted auto insurance and needless mortgage fees - as proof that Wells Fargo needs to be broken up and CEO Tim Sloan should be ousted.

The meeting comes days after the bank was hit with a $1 billion fine for auto lending and mortgage abuses.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

4. Economics: French President Emmanuel Macron has landed in Washington, where he will meet with Trump and attend a state dinner on Tuesday. Trade, tariffs, and Iran are on Macron's agenda.

Europeans are counting on Macron to persuade Trump to change course on his plans for US tariffs on steel and aluminum imports from the European Union, which are set to take effect on May 1.

The US Conference Board will release its latest consumer confidence index for April at 10 a.m. The Census Bureau releases new home sales data from March at the same time.

The monthly S&P Case-Shiller home price index is out at 9 a.m.

5. Global market overview: US stock futures pointed to small gains at the open.

European markets were mixed in early trading. Most Asian markets ended with positive results, with two key indexes in China surging by about 2%.

Crude oil prices increased to trade around $69 per barrel.

Yields on 10-year US Treasuries pulled back to 2.96%. Yields have been flirting with 3%, a level that hasn't been reached in more than four years.

The Dow Jones industrial average dropped 0.1% on Monday, the S&P 500 was flat and the Nasdaq dipped 0.3%.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

6. Coming this week:
Tuesday - Caterpillar, Coca-Cola, JetBlue and Verizon earnings; US Conference Board releases monthly consumer confidence index
Wednesday - AT&T, Boeing, Chipotle, Comcast, Dr Pepper Snapple, Facebook and Twitter earnings
Thursday - Time Warner, Amazon, American Airlines, General Motors, PepsiCo, Starbucks and Southwest Air earnings
Friday - Exxon Mobil earnings; US releases Q1 GDP

West Lafayette
Cloudy
53° wxIcon
Hi: 60° Lo: 54°
Feels Like: 53°
Kokomo
Cloudy
53° wxIcon
Hi: 62° Lo: 53°
Feels Like: 53°
Rensselaer
Cloudy
52° wxIcon
Hi: 54° Lo: 51°
Feels Like: 52°
Fowler
Cloudy
53° wxIcon
Hi: 55° Lo: 51°
Feels Like: 53°
Williamsport
Cloudy
54° wxIcon
Hi: 58° Lo: 53°
Feels Like: 54°
Crawfordsville
Cloudy
54° wxIcon
Hi: 61° Lo: 53°
Feels Like: 54°
Frankfort
Cloudy
54° wxIcon
Hi: 62° Lo: 53°
Feels Like: 54°
Delphi
Cloudy
53° wxIcon
Hi: 62° Lo: 54°
Feels Like: 53°
Monticello
Cloudy
53° wxIcon
Hi: 63° Lo: 54°
Feels Like: 53°
Logansport
Cloudy
52° wxIcon
Hi: 62° Lo: 52°
Feels Like: 52°
Cooler, gray weather with spits of rain...
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 1003647

Reported Deaths: 16423
CountyCasesDeaths
Marion1351072116
Lake661851159
Allen57674800
Hamilton46217464
St. Joseph44210611
Elkhart35807508
Vanderburgh32162480
Tippecanoe27859258
Johnson25007444
Hendricks23795357
Porter22856365
Madison18694408
Clark18505252
Vigo17393303
Monroe15218199
LaPorte15101250
Delaware15024261
Howard14681289
Kosciusko12260147
Hancock11682175
Bartholomew11548180
Warrick11270189
Floyd11059214
Wayne10946253
Grant10019219
Morgan9438176
Boone8891116
Dubois8249131
Dearborn819893
Henry8174152
Noble8003106
Marshall7891135
Cass7519121
Lawrence7433171
Shelby7171119
Jackson695889
Gibson6567115
Harrison646691
Huntington636899
Knox6360106
DeKalb628699
Montgomery6229109
Miami591498
Putnam577678
Clinton572171
Whitley563455
Steuben558976
Wabash5309103
Jasper527879
Jefferson509297
Ripley498686
Adams479775
Daviess4653114
Scott438473
Greene423596
Wells422588
Clay421360
White417364
Decatur4152102
Fayette405787
Jennings385961
Posey375844
Washington356150
LaGrange356078
Randolph343499
Spencer338743
Fountain333860
Sullivan327852
Starke315570
Owen313970
Fulton309167
Orange292663
Jay283445
Franklin265143
Perry264852
Rush260832
Carroll260633
Vermillion257254
Parke230426
Pike228443
Tipton227259
Blackford191841
Pulaski183157
Crawford159023
Newton156848
Benton150217
Brown145747
Martin138019
Switzerland134811
Warren120816
Union107016
Ohio84213
Unassigned0540

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events