1. Uber earnings: Uber will have a chance Thursday to reassure investors that it's on track after a disappointing Wall Street debut. The company is set to release earnings from the first three months of 2019 after US markets close.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +69.00 | | +28.25 | | +10.25 | | +0.27% | | +0.39% | | +0.37% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -60.84 | | -8.89 | | +34.94 | | 20,942.53 | | 2,905.81 | | 7,220.24 | | -0.29% | | -0.31% | | +0.49% | | | |
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| Biggest Winners | | Comcast Corp | +1.91% | | | | Lowe's Companies Inc | +1.77% | | | | BorgWarner Inc | +1.69% | | | | Advanced Micro Devices Inc | +1.10% | | | Biggest Losers | | PVH Corp | -10.48% | | | | Kraft Heinz Co | -0.91% | | | | Perrigo Company PLC | -0.90% | | | | Verizon Communications Inc | -0.79% | | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Uber earnings; More retail; Mixed markets | | By Julia Horowitz, CNN Business | | | | 1. Uber earnings: Uber will have a chance Thursday to reassure investors that it's on track after a disappointing Wall Street debut. | | | | The company is set to release earnings from the first three months of 2019 after US markets close. | | | | Investors will look for management to more clearly outline Uber's plans to start making money. Right now, the company isn't profitable. That's weighing on Uber shares, which have dipped 4% below their IPO price. | | | | Uber said Wednesday that it will begin to boot riders off its app if their rating is too low, setting up standards for passengers that mirror those for drivers. | | | | The announcement comes as Uber is expected to release a safety transparency report this year, which will include data on claims of sexual assaults and other safety incidents by drivers on its platform. | | | | 2. More retail: Another batch of retailers will share first quarter results Thursday. They'll need to impress in order to buck the dismal narrative set by rivals earlier this week. | | | | DSW owner Designer Brands, Dollar General, Dollar Tree and Express report earnings before US markets open. Gap and Costco will follow after the close. | | | | Despite strain from the US-China trade war, Walmart and Target both had strong starts to the year, and analysts expect Costco to continue big box retailers' hot streak. | | | | Others in the sector haven't been so lucky. Abercrombie & Fitch shares plummeted more than 26% on Wednesday after it reported weak sales growth. Canada Goose, which also reported slowing growth, saw its stock drop 31%. | | | | 3. Mixed markets: US stock futures point slightly higher after starting the week in trouble. | | | | The Dow is set to open up 59 points, or 0.2% higher. The Nasdaq and S&P 500 are both poised to gain 0.3%. | | | | That follows a lower trading session for stocks in Asia. Hong Kong's Hang Seng index dipped 0.4%, while Japan's Nikkei fell 0.3%. | | | | European markets, on the other hand, opened higher. Britain's FTSE 100 rose 0.4% and stocks in Germany and France gained about 0.6%. | | | | US stocks are battling against the tide. The Dow fell 221 points on Wednesday to three-month lows. The S&P 500 was down 0.7%, and the Nasdaq lost 0.8%. | | | | Nervous investors continue to flock to the bond market, sending the yield on benchmark 10-year Treasury notes to levels unseen since late 2017. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | | | | |
| | | | | | Thursday — Second estimate of US Q1 GDP; US crude oil inventories; Dollar General, DSW parent company Designer Brands, Gap and Costco earnings
Friday — UK consumer confidence; US personal spending | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $58.98 | +0.17 / +0.29% | | | Gold | $1,275.50 | -5.50 / -0.43% | | | 10-yr | 2.24% | -0.03 | | | Euro | $1.11 | +0.00 / +0.03% | | | |
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