Stock futures rise slightly following two days of gains

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U.S. stock futures rose slightly in overnight trading and pointed to modest gains at the open on Wednesday, following two positive sessions in the equity markets. 

Fueling the rally is the growing number of states beginning to reopen their economies in the first two weeks of May, making investors optimistic the worst of the pandemic’s economic harm is over. 

Dow futures gained 30 points, indicating a gain of 0.1%. The S&P 500 and Nasdaq were also set to open higher, with gains of 0.15% and 0.35%, respectively.

On Tuesday, the Dow Jones Industrial Average climbed 133 points, after being up

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Pinterest, Mattel, Virgin Galactic and more

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Barbie dolls for sale at a Target store.

Scott Mlyn | CNBC

Check out the companies making headlines after the bell.

Walt Disney — The entertainment giant’s stock was down 2% in extended trading after the company reported its second-quarter financial results. Disney reported a 58% drop in sales from parks and cruises, which was the company’s worst-hit segment amid the coronavirus pandemic. The company said it had earnings of 60 cents per share excluding some items, which was lower than analysts’ estimated earnings of 89 cents per share, according to Refinitiv. Disney reported revenue of $18.01 billion while

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Occidental posts $2.2 billion loss on charges, deepens spending cuts

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HOUSTON (Reuters) – Occidental Petroleum Corp on Tuesday swung to a first quarter loss on writedowns and charges, and the troubled U.S. oil producer cut its budget for the third time since March in response to a historic oil-price crash.

FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid

The company has been struggling with debt taken on in last year’s $38 billion acquisition of Anadarko Petroleum, an ill-timed bet on rising shale oil prices ahead of a

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Exclusive: Lord & Taylor to liquidate its stores as soon as they reopen – sources

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NEW YORK (Reuters) – Venerable U.S. retailer Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as it braces for a bankruptcy process from which it does not expect to emerge, people familiar with the matter said on Tuesday.

FILE PHOTO: Mannequins remain in the windowsill of a closed Lord and Taylor department retail clothing store at the Wisconsin Place shopping center, as the coronavirus disease (COVID-19) outbreak continues in Washington, U.S., April 29, 2020. REUTERS/Tom Brenner

Lord & Taylor’s preparations to liquidate its inventory as soon

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