Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Disney Outlook, Airbnb Update, Jobless Claims: 3 Things to Watch

Stock MarketsMay 12, 2021 03:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

By Liz Moyer

Investing.com -- Tech stocks led the market lower on Wednesday after a Labor Department report showing inflation ran 4.2% in April over last year, the fastest pace in 13 years.

Investors who are worried about inflation dumped big tech names, sending the NASDAQ Composite down more than 2.5%. Consumer prices jumped mainly because of a rise in used car prices, but the costs of food, household goods, and energy are also rising.

The ongoing shutdown of the Colonial Pipeline has people in the Southeast lining up even as many gas stations report they are out of fuel. Gas prices jumped above $3 a gallon for the first time since 2014.

President Joe Biden met with top congressional leaders at the White House on Wednesday to discuss his $2.3 trillion infrastructure bill, but Republicans including Senate Minority Leader Mitch McConnell have vowed to fight it.

Here are three things that could affect markets tomorrow: 

1. Disney earnings

Walt Disney Company (NYSE:DIS) reports earnings after the bell tomorrow. Analysts tracked by Investing.com expect the Hollywood studio and theme park giant to report profit of 27 cents a share on revenue of $15.8 billion. More important to investors will be what executives say about the rest of the year now that Disneyland has reopened and tourists are traveling again.

2. Airbnb earnings

Speaking of travel, Airbnb Inc (NASDAQ:ABNB) is seen reporting a loss of $1.06 a share on revenue of $718 million, hopefully putting the pandemic behind it. The stock debuted in December at $146 and is down 3% this year, to $140.

3. More jobs data

Jobless claims come out as usual on Thursday morning and analysts are paying attention after last week’s disappointing jobs report for April and record job opening numbers earlier this week. Some governors, and the Chamber of Commerce, are calling to end extra federal unemployment payments they say are keeping people from taking jobs. President Joe Biden has said the payments are necessary to sustain families as the economy reopens. Analysts tracked by Investing.com see initial claims of 490,000 and continuing claims of 3.6 million. The data are released at 8:30 AM ET (1230 GMT).

 

Disney Outlook, Airbnb Update, Jobless Claims: 3 Things to Watch
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (5)
Mr Rogers
Mr Rogers May 12, 2021 7:47PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Entitlements have given a great boost to consumers. Everywhere I go people are spending. lets let that continued and see what the economy can do with spending. Yes prices are escalating which is caused by demand of people needing goods that have depleted. employment is going to get filled when the unemployment depletes. Its disappointing the market is selling off. We investors know that monterrey policy to keep the economy moving will consist of interest rate changes. Hopefully this will help personal saving since savings will be in the path of rate changs.
lee doloff
lee doloff May 12, 2021 7:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
M I c k e y what does that spell doom
Lord Castlereagh
Ziru May 12, 2021 6:41PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
ABNB has been disappointing
Adi Čizmić
Adi Čizmić May 12, 2021 6:41PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
But it at $50 and you should be good
john dislias
john dislias May 12, 2021 6:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Baba and tme what dis and etc ?
John Burton
John Burton May 12, 2021 5:06PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Looks you post only those comments that fit your left wing agendas 🙄
Scott McDonald
Scott McDonald May 12, 2021 5:06PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
just now figuring that out? the whole ballgame is in the hands of the left. we are so screwed
Apostolos Christou
Apostolos Christou May 12, 2021 5:06PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
based?
Daeveon Enoch
Daeveon Enoch May 12, 2021 5:06PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What do yall mean?
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email