1. Tesla sales: Tesla is probably about to report the largest drop in auto sales in the company's history. That's not a shock —Tesla faced some special circumstances last quarter. But it's still a concern: The company needs to keep its sales pace high to pay down its sizable debts.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -4.00 | | -3.75 | | -1.00 | | -0.02% | | -0.05% | | -0.03% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -3.72 | | +6.46 | | +45.49 | | 21,505.31 | | 3,176.82 | | 7,362.87 | | -0.02% | | +0.20% | | +0.62% | | | |
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| Biggest Winners | | Qorvo Inc | +1.42% | | | | Walgreens Boots Alliance Inc | +1.20% | | | | Activision Blizzard Inc | +1.08% | | | | Centene Corp | +0.63% | | | Biggest Losers | | DowDuPont Inc | -31.28% | | | | TechnipFMC PLC | -0.66% | | | | Carnival Corp | -0.44% | | | | AT&T Inc | -0.44% | | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Tesla sales; Walgreens earnings; Boeing delay | | By Ivana Kottasová, CNN Business | | | | 1. Tesla sales: Tesla is probably about to report the largest drop in auto sales in the company's history. | | | | That's not a shock —Tesla faced some special circumstances last quarter. But it's still a concern: The company needs to keep its sales pace high to pay down its sizable debts. | | | | Analysts expect Tesla to report Tuesday that the number of cars it delivered during the first quarter dropped sharply from 90,700 in the previous three months. | | | | One reason for the expected drop is that Tesla rushed to complete some sales last year so buyers could take advantage of an expiring US tax credit. A second is that a new push on international sales has been a logistical challenge. | | | | Shares in Tesla have slumped over 13% so far this year. | | | | 2. Walgreens earnings: The Walgreens Boots Alliance will release its earnings report before the open. It's been a rough few months for the drug store. | | | | The US Food and Drug Administration said last month that it was putting Walgreens "on notice" for selling more cigarettes to minors than any other drug store retailer. | | | | US drugstores have also been hurt by lower prices for generic drugs and a decline in reimbursement rates for medications from government health care plans. | | | | They also face increased pharmacy competition from retail giants Walmart and Amazon. | | | | Walgreen's stock is down more than 7% so far this year. | | | | 3. Boeing delay: Boeing's 737 Max jets will remain grounded for weeks after the US Federal Aviation Administration said that the plane maker continues to work on a software fix. | | | | Boeing had said it would submit the fix to the regulator last week, and it had gathered hundreds of industry representatives at its Seattle-area facilities last Wednesday to demonstrate the software changes. | | | | But the FAA said Monday that the company concluded that "additional work" is needed. | | | | The FAA followed other countries' aviation authorities in grounding the Max on March 13 following its second crash in less than five months. | | | | 4. Brexit 'chaos': The British pound dropped 0.5% against the US dollar on Tuesday to trade just above $1.30. | | | | UK lawmakers again rejected alternatives to Prime Minister Theresa May's Brexit deal on Monday, increasing the risk that the country will crash out of the European Union without a deal in just 10 days. | | | | "Brexit goes from shambles to chaos," said Kit Juckes, a strategist at Societe Generale. "The market is fed up and has taken all its positions off," he added. | | | | 5. Global market overview: US stock futures were pointing lower. | | | | European markets opened mostly higher, following a positive trading session in Asia. | | | | The Dow Jones industrial average closed 1.3% higher on Monday, the index's highest close since October. The S&P 500 added 1.2% and the Nasdaq gained 1.3%. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 6. Earnings and economics: Dave & Busters and GameStop will release earnings after the close. | | | | A report on US durable orders will be published at 8:30 a.m. ET. | | | | | | | |
| | | | | | Tuesday — Walgreen earnings; Tesla sales figures; US February durable goods orders
Wednesday — US ISM services
Thursday — Constellation Brand earnings; Reserve Bank of India rate decision
Friday — US March jobs report; EU finance ministers meet | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $62.12 | +0.53 / +0.86% | | | Gold | $1,292.80 | -1.40 / -0.11% | | | 10-yr | 2.50% | +0.08 | | | Euro | $1.12 | -0.00 / -0.03% | | | |
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