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Barchart
Barchart
Oleksandr Pylypenko

Stocks Slip Before the Open on Higher Bond Yields and Weak Earnings, BoE Decision in Focus

June S&P 500 E-Mini futures (ESM24) are down -0.27%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.38% this morning after three major U.S. benchmark indices ended the regular session mixed as investors digested the latest batch of corporate earnings reports and continued to evaluate the trajectory of Federal Reserve monetary policy.

Arm Holdings (ARM) slumped over -7% in pre-market trading after the chip designer provided tepid full-year revenue guidance. Also, Airbnb (ABNB) slid more than -7% in pre-market trading after the company offered a weaker-than-expected revenue forecast for the current quarter. At the same time, Robinhood Markets (HOOD) gained over +4% in pre-market trading after the stock and crypto trading app company posted upbeat Q1 results.

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