Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, April 8:
1. -- U.S. stock futures were rising Monday as investors anticipated the start of earnings season with a report from Alcoa
2. -- The economic calendar in the U.S. Monday is bare.
3. -- U.S. stocks on Friday fell after a substantial slowdown in jobs growth stoked pessimism about the pace of the country's economic recovery.
The S&P 500 fell 0.43% to 1,553.27, to drop 1% for the week -- its largest weekly decline this year.
The Bureau of Labor Statistics reported on Friday the U.S. added just 88,000 jobs in March, a sharp slowdown from an upwardly revised 268,000 jobs in February.
The Dow Jones Industrial Average lost 0.28% to 14,565.25. The blue-chip index slid 0.09% on the week. The Nasdaq closed off 0.65% to 3,203.86. The tech-heavy index stumbled 1.95% for the week.
4. -- Alcoa
Alcoa reported adjusted earnings of 10 cents a share on revenue of $6.01 billion in the year-earlier quarter.
Alcoa, which traditionally kicks off earnings season, will issue results after the market closes.
5. -- General Electric
Lufkin is an oil and gas equipment company. It has a market capitalization of about $2.2 billion.
6. -- Taiwan's HTC said first-quarter earnings fell 91.5% from a year earlier, largely because of the delayed launch of its 2013 flagship smartphone HTC One.
7. -- International Airlines Group, which owns British Airways and Iberia, is close to ordering about 20 Airbus A350-1000 aircraft worth $332 million apiece at list prices, Reuters reported.
If the deal is closed, it would be a challenge to Boeing as the airplane maker has been trying to persuade IAG to buy a proposed update of its 777 model, dubbed the 777X, the Journal reported last week.
8. -- UPS
However, UPS said it wasn't renewing its interest in TNT Express; it was seeking a "more accurate assessment of the EU competitive landscape and that there's no precedent that could limit international growth opportunity," a spokeswoman for UPS told Bloomberg.