Markets wobble as Alcoa reports after the bell

0

Stocks pull higher along with oil as the dollar sinks to new lows. Plus, earnings season is here with Alcoa after the bell. Catch the Final Round at 4 p.m. ET with Jen Rogers and Yahoo Finance editor-in-chief Andy Serwer.

Dan Lyons and his 'misadventures' in startup land

There are now more than 80 so-called unicorns—startups with a $1 billion valuation. But a look inside  startup culture doesn't paint such a magical picture. Yahoo Finance spoke to Dan Lyons about his new book "Disrupted, My Misadventure in the Start-up Bubble." I asked him about his transition from Newsweek editor to employee at advertising startup HubSpot.

Winners and losers

Stocks getting hit today include Hertz, after the rental car chain lowered full-year guidance, drilling equipment-maker National Oilwell Varco slipping after slashing its dividend nearly 90%, and Under Armour shares tanking after Morgan Stanley reiterated its sell rating citing weak demand amid aggressive promotional activity.

Stocks on the upswing include Chesapeake Energy on its borrowing limit being maintained, Restaurant Brands sizzling on an RBC upgrade, and Fitbit after Morgan Stanley predicted strong Q1 results due to robust demand for its Blaze and Alta wearables.

Looking ahead

  • It will be a big day for Fed-speak starting with the Philly Fed's Patrick Harper in the morning, the San Francisco Fed's John Williams in the afternoon, and culminating with the Richmond Fed's Jeff Lacker at 4PM Eastern.

  • We'll import-export prices for the month of March. The consensus is for a 1% jump for import prices and for no change in export prices.

  • Mark Zuckerberg and the Facebook crew kick off the company's F8 developers conference tomorrow from the Fort Mason center in San Francisco. Facebook will livestream the event at https://fbf8.com.

 

Advertisement