April 25 Premarket Briefing: 10 Things You Should Know
Updated from 6:28 a.m. EDT.
Here are 10 things you should know for Friday, April 25:
1. -- U.S. stock futures were pointing lower on Friday and global stocks tumbled amid mounting tensions in Ukraine.
Japan's Nikkei 225 was one of few global markets to post gains on Friday, rising 0.2%
2. -- The economic calendar in the U.S. on Friday includes the final University of Michigan sentiment index for April at 9:55 a.m. EDT.
3. -- U.S. stocks on Thursday closed mostly higher in a volatile session.
The Dow Jones Industrial Average closed unchanged at 16,501.65, while the S&P 500 added 0.17% to 1,878.61. The Nasdaq gained 0.52% to finish at 4,148.34.
4. -- Microsoft
"This quarter's results demonstrate the strength of our business, as well as the opportunities we see in a mobile-first, cloud-first world," Microsoft CEO Satya Nadella said on Thursday.
The software giant posted net income of $5.66 billion, or 68 cents a share, compared with year-earlier earnings of $6.06 billion, or 72 cents. Revenue was $20.4 billion vs. $20.49 billion a year earlier. Microsoft was expected by analysts to earn 63 cents a share in its third quarter on revenue of $20.4 billion.
Microsoft shares rose 2.6% in premarket trading to $40.89.
5. -- Internet retailing giant Amazon
Net income for the quarter rose to $108 million, or 23 cents a share, from year-earlier net income of $82 million, or 18 cents a share.
Amazon forecast an operating loss for the second quarter as it continues to invest heavily both internationally and at home.
Amazon shares fell almost 3% to $327.20 in premarket trading on Friday.
6. -- U.S. automaker Ford
The stock declined 2.8% in premarket trading to $15.87.
7. -- Four major tech companies including Apple
Tech workers filed a class action lawsuit against Apple, Google, Intel