Daily Pre-Market Update: Key Highlights for Today
- Posted on April 28, 2025
- Stock Market
- By Samiat
Daily Pre-Market Update: Key Highlights for Today
U.S. stock futures are showing minimal movement as the markets head into a new week riding a four-session winning streak. Investors are bracing for a packed earnings schedule, featuring updates from major tech players like Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), and Meta Platforms (META). Meanwhile, Domino’s Pizza (DPZ) shares are under pressure following disappointing U.S. same-store sales results. In M&A news, Germany's Merck KGaA has agreed to acquire U.S.-based SpringWorks Therapeutics (SWTX) for nearly $4 billion. Over in London, Deliveroo shares are soaring after a buyout proposal from DoorDash (DASH).
Here’s a breakdown of the top developments:
1. U.S. Stock Futures Hold Steady Ahead of Busy Earnings Week
Futures tied to major U.S. indexes are trading slightly lower as investors prepare for a busy week filled with earnings reports and economic updates. Nasdaq futures are down 0.1% after the index surged 6.7% last week. Futures for the S&P 500 and Dow Jones Industrial Average are also marginally lower. Bitcoin (BTCUSD) continues its rally, now trading above $95,000. Yields on the 10-year Treasury note are ticking up slightly, while oil prices dip and gold remains stable.
2. Big Tech Earnings: Apple, Amazon, Microsoft, and Meta in Focus
This week will see earnings from more than half of the "Magnificent Seven" tech giants. Apple (AAPL) and Amazon (AMZN) will report on Thursday, with investors closely watching how new U.S.-China tariffs could impact their operations. Microsoft (MSFT) and Meta Platforms (META) are scheduled to release results on Wednesday. Meta’s report comes as it faces an antitrust case from the Federal Trade Commission.
3. Domino’s Pizza Shares Dip Following Earnings Miss
Domino’s Pizza (DPZ) is trading down approximately 2.5% in premarket action after reporting first-quarter revenue and U.S. same-store sales below analyst expectations. Revenue came in at $1.11 billion, slightly below consensus estimates, although earnings per share at $4.33 exceeded forecasts. U.S. same-store sales declined 0.5% year-over-year, disappointing analysts who had anticipated a small gain.
4. Merck KGaA to Acquire SpringWorks Therapeutics for $3.9 Billion
SpringWorks Therapeutics (SWTX) shares are climbing over 3% after German pharmaceutical company Merck KGaA announced a $3.9 billion cash deal to acquire the biotech firm. Merck is offering $47 per share, a 26% premium compared to SpringWorks' 20-day average price prior to deal speculation. The transaction is expected to close in the second half of 2025.
5. Deliveroo Stock Jumps After DoorDash Proposal
Shares of British food delivery company Deliveroo are surging 17% in London after DoorDash (DASH) made a preliminary offer of 180 pence ($2.40) per share. Deliveroo’s board indicated it would be inclined to recommend the offer if a formal bid is made. Meanwhile, DoorDash shares remain mostly unchanged in U.S. premarket trading.
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