Wall Street Set for Rebound Amid Fresh Earnings

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US stocks were set for a rebound Tuesday as traders digested a fresh batch o f earnings results.

Oil prices were steady, with global benchmark Brent crude at $71.18, while US West Texas Intermediate crude was up a slight 0.08% to $63.45 following signals from Russia that it wants to end the current deal that curbs oil production.

At 9:15 am, data are expected to show industrial production rising 0.3% with a capacity utilization rate of 79.1% for March, according to data compiled by Econoday.

At 10 am, the housing market index is seen coming in at a consensus of 63 for April vs March's 62 reading.

In equities, shares of Kamada Ltd. ( KMDA ) climbed 9.3% pre-bell after the protein therapeutics company said it has received positive feedback from the US Food and Drug Administration about its inhaled alpha-1-antitrypsin program for the treatment of alpha-1 antitrypsin deficiency.


-Dow Jones Industrial up 0.63%

-S&P 500 futures up0.36%

-Nasdaq 100 futures up 0.43%

-Nasdaq 100 pre-market indicator up 0.22%


Nikkei up 0.24%

Hang Seng up 1.07%

Shanghai Composite up 2.39%

FTSE-100 up 0.50%

DAX-30 up 0.68%


(+/-) Large cap tech: mixed

(+) Chip stocks: unchanged to higher

(+) Software stocks: unchanged to higher

(+) Hardware stocks: unchanged to higher

(+/-) Internet stocks: mixed

(+/-) Oil stocks: mixed

(+) Biotech stocks: unchanged to higher

(+) Drug stocks: unchanged to higher

(+/-) Financial stocks: mixed

(+/-) Retail stocks: mixed

(+) Industrial stocks: unchanged to higher

(+) Airlines: unchanged to higher

(+) Autos: unchanged to higher


(+) CFRX (+7.6%) Reports additional positive data from phase 2 trial of Exebacase

(+) AMD (+1.5%) Adds new Ryzen model

(+) RNN (+64.7%) Enters into global collaboration, license agreement for RX-3117 in Greater China


(-) BAC (-0.7%) Q1 revenue misses estimates

(-) BPMX (-9.6%) Board OKs reverse stock split to regain listing standard

(-) CZR (-1.9%) Names Anthony Rodio as New CEO

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks
Referenced Symbols: KMDA

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