Stocks: 5 things to know before the open

Written By limadu on Jumat, 23 Mei 2014 | 05.32

S&P futures 2014 05 23

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NEW YORK (CNNMoney)

Here are 5 things you need to know before the bell:

1. Data and earnings

The U.S. government will report new home sales from April at 10 a.m. ET.

Foot Locker (FL, Fortune 500) will report quarterly earnings before the open.

2. Stocks on the move

Shares in Best Buy (BBY, Fortune 500) and eBay (EBAY, Fortune 500) were dipping by roughly 1%. Best Buy had a strong day Thursday after better than expected earnings. EBay remains in the spotlight amid criticism that it was slow to inform customers about a hacking incident.

CBS (CBS, Fortune 500) was declining by roughly 2%. Shares in Aeropostale (ARO) plunged in extended trading on weak quarterly net sales and earnings. Hewlett-Packard (HPQ, Fortune 500) also fell in extended trading after it announced plans to cut 11,000 to 16,000 jobs on top of the previously announced 34,000 job cuts.

U.S. stock futures were little changed, after all three major indexes closed with gains Thursday.

Related: Fear & Greed Index

3. Credit Suisse raises $5 billion, Barclays fined

Shares in Credit Suisse (CS) were edging up in Europe after the bank sold $5 billion in bonds, raising fresh capital just days after paying a fine of $2.6 billion for U.S. tax evasion. Barclays (BCS) shares gained 0.6%, shrugging off news that it had been fined £26 million for manipulating the gold market.

4. Thai markets

Shares slipped 1% and the baht dipped against the dollar after Thursday's coup. Fitch said any further escalation in political instability could cause lasting damage to the economy.

Indian stocks continued to rally -- investors have high hopes for Narendra Modi, who will be sworn in as prime minister Monday. Other Asian markets ended with gains.

Related: CNNMoney's Tech30

5. German business sentiment

The May Ifo index came in slightly weaker than expected, in part due to concerns about the Ukraine crisis. Russian President Vladimir Putin is due to speak Friday at the St Petersburg International Economic Forum, ahead of elections in Ukraine this weekend.

Voting continues in European Parliament elections, with early indications suggesting a mixed performance for the region's euro skeptic protest parties.

European markets were mixed in early trading. To top of page

First Published: May 23, 2014: 5:35 AM ET


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