Stocks: 4 things to know before the open

Written By limadu on Selasa, 22 Juli 2014 | 17.42

S&P futures 2014 07 22 Click on chart for more premarket data.

LONDON (CNNMoney)

U.S. stock futures were all edging slightly higher.

Here are the four things you need to know before the opening bell rings in New York:

1. Stock market movers -- Chipotle, Netflix, Credit Suisse: Shares in Chipotle (CMG) were surging by roughly 10% premarket after the burrito chain posted earnings that beat expectations.

"[Chipotle] blew away consensus estimates," said Brian Sozzi, CEO and chief equities strategist at Belus Capital Advisors, predicting continued strong earnings growth over the next two quarters.

Shares in Netflix (NFLX, Tech30) were rising by just over 1% after the company reported its latest set of quarterly earnings and revealed it now boasts over 50 million members.

Credit Suisse (CS) shares were dipping by about 2% in Switzerland after the bank reported a loss in the latest quarter. In May, the bank pleaded guilty to U.S. federal charges that it illegally allowed some U.S. clients to evade taxes, leading to a $2.6 billion settlement.

Related: Fear & Greed Index

2. Tensions ease over Ukraine: European markets were all rising by about 0.5% in early trading as tensions in Ukraine appeared to ease slightly.

After delays and setbacks, a train carrying the bodies of most of those who died in the MH17 plane crash began moving out of eastern Ukraine.

Still, EU officials are meeting Tuesday to discuss further sanctions against Russia in a bid to end its support for separatist rebels in Ukraine. Western leaders say the bulk of evidence suggests the rebels shot down the Malaysia Airlines plane.

3. Earnings and economic data: Many big corporate names will be reporting quarterly results Tuesday.

Coca-Cola (CCE), Comcast (CCV), Domino's (DPUKY), Harley-Davidson (HOG), McDonald's (MCD) and Verizon (VZ, Tech30) will report earnings before the opening bell. Apple (AAPL, Tech30) and Microsoft (MSFT, Tech30) will report after the close.

On the economic front, the U.S. government will report the latest consumer price index number at 8:30 a.m. ET. Stats on existing homes sales from June will be reported at 10 a.m.

Related: CNNMoney's Tech30

4. Monday market recap: U.S. stocks fell Monday on concerns about Ukraine and Gaza. The Dow Jones Industrial Average fell 48 points, while the S&P 500 and Nasdaq both ended the day off about 0.2%.

First Published: July 22, 2014: 5:26 AM ET


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