In This Article:
Michael Nagle / Bloomberg via Getty Images
U.S. stock futures are little changed as markets enter the week on a four-session winning streak and investors prepare for a crowded earnings calendar, including reports from Magnificent Seven firms Apple (AAPL), Amazon (AMZN), Microsoft (MSFT) and Meta Platforms (META); Domino's Pizza (DPZ) shares are fall in premarket trading after the company reported weaker-than-expected U.S. same-store sales; German drug giant Merck KGaA agrees to buy U.S. biotech SpringWorks Therapeutics (SWTX) for nearly $4 billion; and shares of Deliveroo soar in London trading after DoorDash (DASH) makes an offer to acquire the British food delivery service. Here's what investors need to know today.
1. US Stock Futures Little Changed Ahead of Big Earnings Week
U.S. stock futures are edging lower as investors get ready for a busy week of earnings and economic data amid a four-session winning streak for the major indexes. Nasdaq futures are down 0.1% after the tech-favored index added 6.7% last week, while S&P 500 and Dow Jones Industrial Average futures also are slightly lower after gaining last week. Bitcoin (BTCUSD) is rising to trade over $95,000. Yields on the 10-year Treasury note are rising slightly. Oil futures are lower. Gold futures are little changed.
2. Several Magnificent 7 Firms Set to Report Results This Week
More than half of the Magnificent Seven companies are scheduled to report quarterly results this week, with Apple (AAPL), Amazon (AMZN), Microsoft (MSFT) and Meta Platforms (META) all on this week's calendar. Apple's earnings on Thursday come as the iPhone maker has shed 16% of its value this year on concerns over how U.S. tariffs on China will impact the company. Also reporting on Thursday is Amazon, whose stock was recently downgraded due to its exposure to Chinese tariffs. Microsoft and Meta Platform report Wednesday, with the latter's coming as the Instagram parent faces a Federal Trade Commission antitrust court case.
3. Domino's Pizza Stock Drops as Revenue, US Same-Store Sales Fall Short
Shares of Domino's Pizza (DPZ) are slipping about 2.5% in premarket trading after the company reported weaker-than-expected first-quarter revenue and U.S. same-store sales. The Ann Arbor, Mich.-based company's revenue of $1.11 billion was slightly lower than the consensus of analysts polled by Visible Alpha, while its earnings per share of $4.33 came in above estimates. Same-store sales among Domino's U.S. locations fell by 0.5% year-over-year, worse than the 0.22% bump analysts had forecast.