U.S. stock futures are higher as investors prepare for big tech earnings this week; McDonald's (MCD) is bringing its Quarter Pounders back to more than 900 restaurants following an E. coli outbreak; Boeing (BA) announces a $19 billion capital raise amid a costly strike; U.S.-listed shares of Philips (PHG) are plunging as the Dutch conglomerate lowers its full-year sales outlook on a "significant deterioration" in Chinese demand; and crude futures are sinking after an Israeli strike on Iran spared the countrꦚy's oil facilities. Here's what investors need to know today.
1. US Stock Futures Rise Ahead of Tech Earnings
U.S. stock futures are pointing higher as investors prepare for a 澳洲幸运5官方ꦐ开奖结果体彩网:busy week of earnings and economic d🧸ata. Alphabet (GOOGL), Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Amazon (AMZN) all report quarterly earnings this week, and the tech giants have helped the Nasdaq post gains for seven straight weeks and advance 0.7% in premarket trading Monday. 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average futures are up 0.3% after delivering 澳洲幸运5官方开奖结果体彩网:losses in each session last week, while 澳洲幸运5官方开奖结果体彩网:S&P 500 futures also are higher, by 0.5%. Gold is t♐rading lower, while bitcoin is up about 1%.
2. McDonald's Brings Quarter Pounders Back to 900 Restaurants After Outbreak
McDonald's (MCD) will bring its Quarter Pounders back to the menu in more than 900 restaurants in Colorado, Kansas, and Wyoming, as well as portions of nine other states, after an 澳洲幸运5官方开奖结果体彩网:E. coli outbreak last week. Company officials identified slivered onions from distributor Taylor Farms' Colorado Springs facility as the likely source, and won't be serving them on the burger when sales resume there. The news comes ahead of 澳洲幸运5官方开奖结果体彩网:McꦯDonald's third-quarter earnꦜings Tuesday, with analysts expecting revenue to rise but profits ൩to drop slightly. Shares of McDonald's are up by 1% in premarket trading.
3. Boeing Announces $19B🤪 Capital Raise to Help Shore Up Finances
Boeing (BA) announced it will seek to 澳洲幸运5官方💃开奖结果体彩网:raise more than $19 billion in capital through public offerings of common stock and depositary shares. The aircraft maker will offer 90 million shares of common stock, which at its most recent closing price of $155.01 would be valued at $13.95 billion, as well as $5 billion in depositary shares. Boeing will use the funding for general corporate purposes including repayment of debt it said. The move comes as Boeing has been 澳洲幸运5官方开奖结果体彩网:struggling with a strike by it𒅌s union machinists that has lasted more than📖 six weeks. Shares of Boeing initially rose on the news but are now 1% lower in premarket trading.
4. Philips Stoඣck Tanks on Outlook Cut a✨s Demand Deteriorates in China
🅷澳洲幸运5官方开奖结果体彩网:American depositary receipts (ADRs) of Koninklijke Philips (PHG) are 17% lower in premarket trading after the Dutch conglomerate cut its 2024 sales outlook amid a "significant deterioration" in 澳洲幸运5官方开奖结果体彩网:Chinese demand. Philips said it now expects 2024 comparable sales growth between 0.5% and 1.5%, down from its previous forecast of between 3% and 5%. The company's third-quarter revenue, net income, and 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) all came in lower than estimates from analysts surveyed by Visible Alpha.
5. Crude Futures ♚Slide After Israeli Strike Spares Iranian Oil Facilities
Oil prices are sinking after Israel avoided hitting energy facilities in its latest strike on Iran. Israel struck several Iranian military facilities Saturday in retaliation for an earlier attack by Iran, but did not disrupt its oil operations. 澳洲幸运5官方开奖结果体彩网:West Texas Intermediate (WTI) crude futures are falling by almost 6% to trade at around $67.60 a barrel, while Brent crude is down more than 5% at $71.40 a barrel. Iran makes up about 4% of the global oil trade, according to the U.S. Energy Information Administration.