Wall Street stands empty as people stay away from the area due to the coronavirus on March 30, 2020 in New York City.
Spencer Platt | Getty Images
This is a live blog. Please check back for updates.
7:50 am: Walmart climbs after reporting rapid rise for e-commerce
Shares of Walmart gained 3.8% in premarket trading after the retailer reported its first-quarter earnings, showing increases in same-store sales and e-commerce. The company’s online orders in the U.S. rose 74% compared with the same quarter last year. Walmart reported $1.18 in adjusted earnings per share on $134.6 billion in revenue. Analysts expected $1.12 in earnings per share on $132.8 billion in revenue, according to Refinitiv. —Pound
7:46 am: Home Depot misses profit expectations in the first quarter
Shares of Home Depot fell about 2% during Tuesday’s premarket trading after the company missed earnings expectations in the first quarter thanks to higher coronavirus-related costs. For the quarter the company earned $2.08 per share, which was below the $2.27 analysts had been expecting. Same-store sales jumped 6.4%, beating consensus estimates of a 4.4% rise. Revenue came in at $28.26 billion, which was also higher than the expected $27.54 billion. The company said that coronavirus-related expenses – such as increasing paid time off for hourly employees – totaled $640 million, or 60 cents per share. —Stevens
7:45 am: Jamie Dimon: Coronavirus is a ‘wake-up call’ for more inclusive economy
JPMorgan Chase CEO Jamie Dimon said in a memo that the economic crisis sparked by the coronavirus should be used to make for a more inclusive economy. “It is my fervent hope that we use this crisis as a catalyst to rebuild an economy that creates and sustains opportunity for dramatically more people, especially those who have been left behind for too long,” Dimon said. “The last few months have laid bare the reality that, even before the pandemic hit, far too many people were living on the edge.” Dimon’s memo comes ahead of the bank’s annual shareholder’s meeting. —Imbert, Son
7:25 am: Stock futures flat after 900-point Dow rally in previous session
U.S. stock futures pointed to a pause on Tuesday following sharp gains during Monday’s session. Dow Jones Industrial Average futures traded just 11 points higher, or 0.04%. Dow futures were initially dragged down by a 2.1% drop in Home Depot shares during premarket trading. However, those losses were offset by a 4% gain in Walmart shares. S&P 500 futures dipped 0.1% while Nasdaq 100 futures gained 0.2%. On Monday, the Dow and S&P 500 logged in their best day since early April, with the Dow rallying more than 900 points. The S&P 500 gained 3.2%. —Imbert
—With reporting from Hugh Son.
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.