Cyber Security Stocks Pop Following WannaCry Attack
Video: Preview the day’s action on Wall Street before the opening bell with the Morning Report as Cyber Security Stocks Pop Following WannaCry Attack. Dow, Nasdaq and S&P futures are slightly higher. Crude is surging 3.5% after Saudi Arabia and Russia commit to OPEC output cuts lasting into next year.
Mixed May for Wall Street at month’s halfway point
Here are some Morning Headlines:
U.S. stock futures were higher this morning as the market seems to be shrugging off the global WannaCry ransomware attack that started on Friday. While trading in a narrow range, the Dow and S&P 500 broke three-week winning streaks. The Nasdaq, however, logged a fourth week of gains. (CNBC)
Oil was surging more than 2 percent this morning barrel after Saudi Arabia and Russia said an OPEC-led supply cut agreement should be extended for nine months, until March 2018. (Reuters)
The WannaCry attack has crippled an estimated 200,000 computers in at least 150 countries since Friday. Cybersecurity experts said it could get worse as businesses start a new week. (CNBC & NBC News)
Microsoft (MSFT) is criticizing the government for stockpiling secret hacks. WannaCry, stolen from the U.S. government, uses a Windows vulnerability first discovered and exploited by the NSA. (CNBC)
Cybersecurity stocks Symantec (SYMC), Palo Alto Networks (PANW), and FireEye (FEYE) were higher in premarket trading as as the WannaCry ransomware spreads throughout the world. (CNBC)
In the latest provocation of the U.S., North Korea on Monday boasted of a successful weekend launch of a new type of “medium long-range” ballistic rocket that can carry a heavy nuclear warhead. (NBC News)
Here is this week’s earnings calendar provided by Earnings Whispers as Cyber Security Stocks Pop Following WannaCry Attack.
Notable companies reporting earnings this week include Home Depot, Target, Cisco, Walmart, Alibaba, Salesforce, Ralph Lauren and Deere.
Information Credit: News headlines and quotes were taken from CNBC in the writing of this post.