April 3 Premarket Briefing: 10 Things You Should Know
Updated from 7:07 a.m. EDT
Here are 10 things you should know for Thursday, April 3:
1.-- U.S. stock futures were rising and global stock markets were mostly higher Thursday after China's State Council, or cabinet, pledged to do more to support the economy.
European stocks were lower ahead of a rates meeting at the European Central Bank.
Japan's Nikkei 225 index rose 0.8%, the Hang Seng in Hong Kong rose 0.2% but China's Shanghai's Composite Index fell 0.7%.
2.-- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, the trade balance for February at 8:30 a.m., and the ISM Services Index for March at 10 a.m.
3.-- U.S. stocks on Wednesday closed higher Wednesday and the S&P 500 extended its record closing high after a rise in factory orders and growing private sector job creation boosted investor confidence.
The Dow Jones Industrial Average rose 0.24% to finish at 16,573, while the S&P 500 gained 0.29% to 1,890.90. The Nasdaq added 0.2% to 4,276.46.
4. -- Lawmakers on Capitol Hill accused General Motors
Members of a Senate subcommittee also said GM should tell owners of the 2.6 million cars being recalled to stop driving them until they are repaired.
GM has linked the switch to 13 deaths and dozens of accidents.
GM shares rose 0.3% in premarket trading to $34.99.
5. -- Tesla
Tesla filed a notice to the state appellate division which seeks to overturn regulations imposed by the state Motor Vehicle Commission that require new-car dealers to have franchise agreements before they can be licensed.
Tesla shares rose 0.3% to $231.08 in premarket trading on Thursday.
6. -- Federal authorities have opened a criminal investigation into a recent $400 million fraud involving Citigroup's
The investigation, overseen by the FBI and prosecutors from the U.S. attorney's office in Manhattan, is focusing in part on whether holes in the bank's internal controls contributed to the fraud in Mexico. The question for investigators is whether Citigroup ignored warning signs, the Times reported.
Citigroup shares fell 0.6% $47.96.
7. -- Chipmaker Micron Technology