Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Wednesday, May 8:
1. -- U.S. stock futures were pointing to extended gains Wednesday after major indices on Tuesday again soared to record levels and as international markets rallied on positive economic reports.
2. -- The economic calendar in the U.S. Wednesday includes crude inventories at 10:30 a.m. EDT.
3. -- U.S. stocks on Tuesday gained after central banks from Australia to Japan took action to stimulate their economies.
The S&P 500 rose 0.5% to close at 1,625.96. The index has climbed more than 14% this year. The Dow Jones Industrial Average added 0.6% to 15,056.20 while the Nasdaq tacked on 0.1% to 3,396.63.
4. -- Walt Disney's
5. -- J.C. Penney's
The department store retailer said total sales in the quarter dropped to $2.64 billion, down 16.4% from a year earlier.
6. -- Toyota's
Toyota on Wednesday said it expects profit for the year ended next March of 1.37 trillion yen ($13.8 billion), up from 962 billion yen for the year ended March 2013.
7. -- Tesla Motors
8. -- Groupon