5 things to know before the stock market opens Wednesday, April 20
Investors need the following news, analysis and trends to help them start trading:
New York: The Nasdaq MarketplaceSite
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This photo illustrates the logo of American streaming media company Netflix on an Android device. The word “cancel” is displayed on a screen.
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View of Dawn dish soap liquid at Stop & Shop Supermarket.
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The earnings release for Wednesday is the most important. Procter & Gamble reported fiscal third-quarter profit and revenue that topped expectationsAs a result, price increases were able to compensate for the spike in commodity prices and increased freight costs. For fiscal 2022, P&G raised its revenue growth forecast to a range of 4% to 5%, up from its prior outlook of 3% to 4%. P&G reiterated its core earnings per stock forecast, but stated that it expects the lower end its range of 3%-6% growth due to inflation and currency headwinds.
After Elon Musk said that he had been considering building a social media platform, Musk made an investment in Twitter.
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Russian forces pressured a pocket of Ukrainian resistance in MariupolThere are renewed hope Wednesday of an evacuation for thousands of civilians. Moscow’s latest offensive against Ukraine’s Eastern Industrial Heartland is making the shattered city a crucial battleground. Russian forces have increased their attack in Donbas to crush Mariupol. This region is home to many vital industries, including metal plants and coal mines. Each side has described the new phase in war as intensified assaults on a large front in east Ukraine that started Monday.
— This report was contributed by The Associated Press.