The Dow Jones news today is a projected 35-point decline ahead of Monday's opening bell. Markets are dipping ahead of a busy day of earnings reports as investors weigh Emmanuel Macron's victory in Sunday's French election.
Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:
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The Five Top Stock Market Stories for Monday
Dow Jones futures are trending downward ahead of Monday's busy day of earnings reports. On Sunday, French voters elected Emmanuel Macron as the next president of France. The election ensures that France will remain in the European Union and increases the likelihood that the EU will extend bailout options to the beleaguered economies of Italy and Greece.
Things got quite political at the annual Berkshire Hathaway shareholder meeting over the weekend. Warren Buffett, the CEO of Berkshire Hathaway Inc. (NYSE: BRK.A), engaged shareholders for more than six hours and criticized Republicans in the House of Representatives for passing a bill that would repeal and replace parts of the Affordable Care Act. Buffett called the bill a giveaway to wealthy Americans like himself. He also criticized executives at Wells Fargo & Co. (NYSE: WFC) for their recent scandal that saw company salespersons create millions of fake accounts without customer permission. Shares of BRK.A stock were up 0.3% in pre-market hours.
The recent downturn in silver prices presents one of the best buying opportunities for the precious metal in recent memory. The price of silver today has been affected by a number of stories like the U.S. Federal Reserve's monetary policy, ongoing geopolitical conflict, and a flight from safe-haven assets to equities. But we see a possibility that silver prices could rise as much as 35.7% in 2017. And if you want to capture a piece of these profits, you should read our latest insight, right here.
Crude oil prices dipped 0.1% as concerns about rising U.S. production outweighed optimism that OPEC members will extend a deal to cap excessive production. The WTI crude oil price today fell 0.1%. Brent crude dipped 0.2%.
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Four Stocks to Watch Today: TSN, P, COH, KATE
In other earnings news, shares of Tyson Foods Inc. (NYSE: TSN) fell more than 1.3% after the company reported quarterly earnings. Wall Street anticipated that the meat-processing giant would report earnings per share (EPS) of $1.06 on top of $9.1 billion in revenue. However, the firm reported a 21.3% decline in profits. The meat processor blamed factory fires at two locations for its weak quarterly numbers.
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The Top Stock for 2017
Meanwhile, shares of Pandora Media Inc. (NYSE: P) are in focus as the streaming company prepares to report quarterly earnings after the bell Monday. Wall Street analysts anticipate that the firm will report a quarterly EPS loss of $0.34 on top of $318.0 million in revenue.
Shares of Kate Spade & Co. (NYSE: KATE) jumped more than 8.3% after the retailer was purchased by Coach Inc. (NYSE: COH). The deal is worth $2.4 billion and is viewed by Wall Street as a way for Coach to bolster growth and address the millennial market.
Look for additional earnings reports from Sturm, Ruger & Co. (NYSE: RGR), Marriott International Inc. (NYSE: MAR), Invensense Inc. (Nasdaq: INVN), Atwood Oceanics Inc. (NYSE: ATW), Hertz Global Holdings Inc. (NYSE: HTZ), Oasis Petroleum Inc. (NYSE: OAS), JD.com (Nasdaq: JD) and Sysco Corp. (NYSE: SYY).
Monday's U.S. Economic Calendar (all times EDT)
Louis Federal Reserve Bank President James Bullard Speaks at 8:30 a.m.
Cleveland Federal Reserve Bank President Loretta Mester Speaks at 8:45 a.m.