BEFORE THE OPEN

Pre-Market:

Market Recap:

• S&P 500 futures rise before tech earnings and jobs report.

• Meta surges 15% on strong results, announces dividend and buyback.

• Amazon gains 7%, Apple slides 3% on China sales decline.

• Market rebounds after Wednesday's Fed-related sell-off.

• Investors optimistic about rate cut outlook and positive earnings.

• Focus on January jobs report; economists expect job growth.

• Major companies, including Chevron, Exxon Mobil, Bristol-Myers Squibb, Cigna, and AbbVie, set to report earnings before opening bell.

EARNINGS

What we’re watching this week:

• Today: Chevron (CVX), Exxon (XOM)

Full earnings calendar here

HEADLINES

Dow Jones Rallies 370 Points As Meta, Amazon Soar On Earnings

A $560 Billion Property Warning Hits Banks From NY to Tokyo

• IMF Chief says Fed rate cuts are better late than early (more)

• US renews strikes against Houthis in Yemen as Red Sea crisis continues (more)

• January hiring was the lowest for the month on record as layoffs surged (more)

• Main Street is more optimistic this year even as inflation persists, survey says (more)

• Money-market fund assets reach $6 trillion for first time (more)

• OPEC slashed oil production last month as the group kicks off plan to boost sagging prices (more)

• Bank of England holds rates, signals cut this year (more)

• Meta shares jump 14% after profit triples and company announces first-ever dividend (more)

• Amazon reports better-than-expected results as revenue jumps 14% (more)

  • Amazon debuts ‘Rufus,’ an AI shopping assistant in its mobile app (more)

• Tim Cook teases Apple AI announcement ‘later this year’ (more)

• Apple China slowdown sparks fears that prized market is at risk (more)

• Wilson tennis racket maker Amer Sports valued at $6.5 bln after shares rise 3% in market debut (more)

• Peloton shares plummet 20% as fitness company gives dismal outlook (more)

• Formula 1 star Lewis Hamilton to leave Mercedes for Ferrari after 2024 season (more)

DEALFLOW

M+A | Investments

• Barclays shifts focus to buyout firms for UK payments business sale (more)

• Reliance, Bodhi Tree set for 60% stake in Disney India merger (more)

• Vivendi's Canal Plus offers to buy rest of South Africa's MultiChoice (more)

• Silver Hill Energy Partners to buy Liberty Resources' North Dakota assets (more)

• OMV sells its stake in Malaysia-based SapuraOMV to TotalEnergies (more)

• Woodside should walk away from Santos deal, large shareholder says (more)

• Shutterstock, Inc. (SSTK), a creative platform connecting brands to high-quality content, acquired Backgrid, a destination for celebrity news supplying real-time content from top photographers (more)

• Meteomatics announced the close of a strategic funding round from Lockheed Martin Ventures (more)

• Axon acquires Fusus (more)

• TSCP, Cequel III acquire controlling interest in DDC Cabinet Technology (more)

• New State-backed PAX buys Cram Roofing (more)

• Granite Creek-backed Salem One purchases iTek Graphics (more)

• Charlesbank invests $250M in Rise Growth Partners (more)

VC

• Watershed, the leading enterprise sustainability platform, announced a $100M Series C funding round at a $1.8B valuation (more)

• SPR Therapeutics, a private medical device company focused on treating pain for patients managing acute or chronic pain, raised $85M in financing (more)

• Basking Biosciences, a clinical-stage biopharmaceutical company developing a novel acute thrombolytic therapy to treat stroke, raised $55M in funding (more)

• ArteraAI, a developer of multimodal AI based predictive and prognostic cancer tests, raised additional $20M in funding (more)

• LightBeam.ai, a zero trust data protection company, raised $17.8M in funding (more)

• Perelel, a female OB/GYN-founded vitamin company, raised $6M in Series A funding (more)

• MIC Global, a NYC-based full stack embedded microinsurance provider, raised $6M in funding (more)

• Proniras, a clinical-stage biotech company developing novel small-molecule therapeutics for the treatment of substance use and nervous system disorders, raised $4.65M in Series B funding (more)

• Eggscape Entertainment, a new game studio focused on creating social games for mixed reality, closed a $4.25M Seed funding round (more)

• AlensiaXR, a tech company launched by Case Western Reserve University to advance HoloAnatomy software, raised an undisclosed amount in Series A funding (more)

Fundraising

• KKR raises $6.4B for biggest Asia Pacific infrastructure fund (more)

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CRYPTO

• Billionaire Alan Howard shops his own crypto stakes to grow Brevan Howard Digital (more)

• US charges trio With Theft, Including Infamous Attack on FTX (more)

• US Sen. Lummis says 'delicate' talks underway over U.S. crypto legislation (more)

BULLISH BITES

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🇺🇸 Breakdown: How a critical election year could impact markets and the economy.

DAILY SHARES

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