CHARLY TRIBALLEAU / AFP through Getty Images
U.S. stock futures are little changed after indexes posted consecutive winning sessions; Boeing (BA) reportedly is seeking to withdraw its guilty plea on a charge of defrauding the federal government; Tesla (TSLA) new vehicle registrations in the European Union (EU) plunged again in February; Shell (SHEL) shares are rising in premarket trading after the British oil giant announced plans to boost liquified natural gas sales; and Trump Media (DJT) stock is surging on its plans to offer ETFs through Crypto.com. Here’s what you need to know about investing today.
1. US Stock Futures are Little Changed after a Two-Day Streak
The U.S. stock market futures are not much different after indexes had consecutive winning sessions. Investors are waiting for today’s consumer sentiment data, housing figures and remarks by Federal Reserve officials. Nasdaq futures are flat after the tech-heavy index jumped 2.3% yesterday, while S&P 500 and Dow Jones Industrial Average futures are also little changed after the indexes posted gains Monday. Bitcoin (BTCUSD), which is currently trading at around $87,000, is slightly lower. The yield on 10-year Treasury notes is rising. Gold and oil are slightly higher.
2. Boeing Seeks to Withdraw a Guilty Plea. Report Says
The Wall Street Journal reports that Boeing (BA), which is accused of defrauding federal authorities over the 737 Max crashes that occurred in 2018 and 2019, resulting in the deaths of more than 300 people. The report said that the aircraft maker was “seeking more lenient treatment” from the Justice Department. Under the Trump administration, the department is reviewing a number of pending criminal matters that haven’t been brought to trial or approved by the courts. Investopedia contacted Boeing, but the company declined to comment. Boeing shares are trading slightly higher in the premarket.
3. Tesla EU New Vehicle Registrations Fall Again in February
Tesla (TSLA), new vehicle registrations within the European Union (EU), plunged by 47% in February compared to January, following a 50% drop in January due to a backlash against CEO Elon Musk’s work with the Trump administration. The decline in Tesla’s registrations, which are a proxy for its sales, came despite a 24% increase in the number of electric vehicles (EVs) registered during the same time period, according the European Automobile Manufacturers’ Association. Tesla stock soared nearly 12% yesterday to lead S&P 500 gainers, but it’s still down more than 30% so far this year. Shares are up almost 2% in premarket trade.
4. Shell’s new strategy aims at boosting LNG sales while reducing spending
Shares of Shell (SHEL) are rising 2% in premarket trading after the British oil giant announced plans to grow its liquified natural gas (LNG) sales by 4% to 5% each year through 2030. Shell announced in a press release that it will increase its shareholder distributions by 40% to 50% from 30% to 40 percent of cash flow from operating (CFFO), maintain a 4% policy for annual dividends, and reduce spending to $20 to $22 billion annually through 2028.
5. Trump Media Stocks Jump on ETF Deal
Shares of Trump Media & Technology Group (DJT) are surging roughly 9% in premarket trading after the Truth Social parent announced it would partner with Crypto.com to launch a series of exchange-traded funds (ETFs). The ETFs will be marketed under the Truth.Fi brand and are expected to include digital assets as well as securities that reflect a “Made in America focus across diverse industries, such a energy.” Trump Media shares have fallen nearly 40% so far this year.
