5 things to know before the stock market opens on Tuesday 20 April

Here are the key news, trends and analyzes that investors need to start their trading day:

U.S. equities fell Tuesday as investors considered quarterly results of four Dow components and looked ahead to Netflix earnings and an Apple product event in the afternoon. Apple is expected to track down new iPads, iMacs as well as AirTags devices. Tobacco stocks were under pressure after The Wall Street Journal reported that the White House may order tobacco companies to lower nicotine levels in all cigarettes.

The Dow Jones industrial average began to move away from Friday’s record this week. The S&P 500 also fell modestly from its previous record. The Nasdaq lost 1% on Monday after only getting embarrassed on Friday about the technology index record in February. The ten-year treasury yield was steady early Tuesday after rising above 1.6%. However, it remained lower than last month’s 14-month high.

Dow reported Johnson & Johnson, Procter & Gamble and Travelers before the bell. IBM, also a Dow shareholder, released quarterly earnings late Monday.

• J&J beats first-quarter revenue and revenue estimates, including $ 100 million worth of sales of its U.S. vaccine, which is suspended in the U.S. as health regulators investigate rare but serious blood clotting issues. CFO Joseph Welk told CNBC on Tuesday he hoped the “benefit-risk profile” would play out for the company’s vaccine. Shares fell in the forex market.
• In the fiscal third quarter, P&G met earnings and revenue expectations as consumers maintained Covid’s buying trends, such as buying more cleaning products and starting buying beauty products again. Shares fell in the forex market.
• Travelers reported better-than-expected earnings in the first quarter. Revenue basically matches estimates. The insurance giant has increased its dividend and added $ 5 billion to its repurchase program. Shares rose 1% in the forex market.
• IBM released first-quarter revenue and revenue that exceeded estimates. The enterprise technology and service provider grew after four quarters of the declining revenue. Shares rose nearly 3% in the forex market.

Shares of United Airlines fell 2.5% on Tuesday, the morning after the airline reported a wider-than-expected first-quarter loss of $ 7.50 per share, its fifth consecutive quarterly loss. Revenue of $ 3.22 billion fell by almost 60% from last year and is not estimated. Higher fuel costs and still subdued demand due to Covid have hurt the results. However, United expect to return to profitability later this year as Covid vaccinations increase and governments reduce travel restrictions.

Elon Musk denied that Tesla’s automated driving systems were involved in a fatal crash in the Houston suburb of Spring, Texas on Saturday. The Tesla CEO tweeted on Monday: “Data loggers that have been restored so far show that Autopilot has not been activated.” Local police said no one was in the driver ‘s seat when the 2019 Tesla Model S turned off the road and burst into flames. The two men in the car were killed. Two federal agencies, the NHTSA and the NTSB, are investigating the crash along with local police. No one has completed their investigations, and their preliminary findings are not conclusive.