| While the market has come under pressure recently, the Dow, S&P 500, and Nasdaq were all less 1 percent away from their recording closing highs. | | Dow Jones Fut | | 23,430.33 | | Current: | 23,476.00 | | Change: | 81.00 | | Impl. Open: | 77.67 | | | S&P 500 Fut | | 2,582.14 | | Current: | 2,589.25 | | Change: | 7.25 | | Impl. Open: | 7.96 | | | NASDAQ 100 Fut | | 6,308.61 | | Current: | 6,337.75 | | Change: | 21.75 | | Impl. Open: | 25.84 | | | Russell 2000 Mini | | 1,503.40 | | Current: | 1,510.00 | | Change: | 6.00 | | Impl. Open: | 6.55 | | | Quotes as of 11/21/2017 8:12:36 AM ET |
U.S. stock futures were higher this morning after Monday's small advance on Wall Street. While the market has come under pressure recently, the Nasdaq was still just a few points away from a record close, while the Dow and S&P 500 were less than 1 percent away from record closes. (CNBC)
AT&T (T) was under pressure in the premarket, while Time Warner (TWX) was slightly higher, after the Justice Department sued to block AT&T's proposed $85.4 billion acquisition of Time Warner. AT&T said the move was a "radical" departure from decades of antitrust regulation. (CNBC)
Shares of Lowe's (LOW) were initially higher and then turned lower in premarket trading after the home improvement chain beat expectations on quarterly earnings, revenues, and same-store sales. Like Home Depot (HD), more shoppers turned up at Lowe's for repairs after hurricanes and wildfires. (CNBC)
Shares of footwear retailer DSW (DSW) were losing about 12 percent after missing estimates on earnings and revenue. Quarterly same-store sales were slightly lower when a modest rise was expected. Meanwhile, Campbell Soup (CPB) shares were losing 8 percent after missing on earnings and revenue.
After the bell this afternoon, the two Hewlett-Packard spin-offs, Hewlett Packard Enterprise (HPE) and HP Incorporated (HPQ), release earnings. Salesforce (CRM), GameStop (GME), and Guess (GES) are also out with quarterly results. (CNBC)
On the economic calendar, the October existing home sales report is out at 10 a.m. ET. Meanwhile, outgoing Fed Chair Janet Yellen speaks at 6 p.m. ET. The stock market is closed on Thursday for Thanksgiving and open for just a half-day on Friday. (CNBC)
Yellen said she'll leave the Fed after her successor, current Fed Governor Jerome Powell, is sworn in. Her four-term term as head of the central bank comes to an end in February, but she did have the option of staying on as governor. (CNBC)
|
Dish Network (DISH) customers are without CBS (CBS) television stations, with the two sides unable to reach a new carriage agreement. Dish said CBS refused to extend the contract. CBS accused Dish of punishing its subscribers rather than negotiate a fair deal. (Hollywood Reporter)
Gamers livid over the Electronic Arts (EA) in-game moneymaking strategy in its new "Star Wars Battlefront II" title are overreacting, according to one Wall Street firm. EA shares have lost 10 percent so far in November. (CNBC)
Chinese internet giant Tencent has surpassed Facebook (FB) in terms of market value just a day after it became the first Asian technology firm to reach the $500 billion valuation mark. (CNBC)
Urban Outfitters (URBN) came in 8 cents above estimates with quarterly profit of 41 cents per share, while the apparel retailer's revenue beat estimates as well. Urban Outfitters also gave investors a pleasant surprise with an unexpected increase in comparable store sales.
Intuit (INTU) reported adjusted quarterly profit of 11 cents per share, 6 cents above estimates. Revenue at the financial software company behind QuickBooks was also above forecasts. Forward guidance matched expectations.
Palo Alto Networks (PANW) reported adjusted quarterly profit of 74 cents per share, 5 cents above consensus estimates, with revenue also coming in ahead of forecasts. The cybersecurity services company has seen increased business since the Equifax data breach and ransomware attacks.
Broadcom (AVGO) would make major changes to Qualcomm's (QCOM) controversial patent licensing business if its bid to acquire its rival chip maker is successful, according to the Wall Street Journal. However, Broadcom has not made it clear exactly how it would change that business.
Activist investor Starboard Value acquired a 10.7 percent stake in high speed computing company Mellanox Technologies (MLNX) and urged it to explore a potential sale. Starboard said the company is spending too much on research and development.
Payments firm PayPal (PYPL) is connecting its website and smartphone apps with those of Acorns Grow, a five-year-old automated savings and investment service, according to the Wall Street Journal.
President Trump today will spare a pair of birds from being the stars of holiday meals, with his first Thanksgiving turkey pardons. USA Today visited the turkeys that Obama pardoned.
If you think you'll beat the holiday traffic by hitting the road early, think again. In many cities, today, not tomorrow, is the worst day to travel, according to a transportation analytics firm. (USA Today)
|
 | News Associate | |  | Senior Producer | |
| Feedback We value your input—use our simple form to let us know what you think. Click here for Real-Time data and top stories on your desktop or mobile device. |
|
| 
© CNBC Inc. All Rights Reserved.
900 Sylvan Avenue, Englewood Cliffs, NJ 07632
|
|
|
