Stock Futures Up Despite Dismal Jobs Report, Disney Earnings
The Dow so far is brushing off a subpar earnings report from Walt Disney
Dow Jones Industrial Average (DJI) futures look ready to build off yesterday's sizable gains, once more taking positive cues from a slowly reopening U.S. economy. However, lackluster corporate earnings from media giant Walt Disney (DIS), as well as an ADP private-sector employment report that fell by more than 20 million in April, are eating into gains. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also modestly above fair value, while oil prices appear ready to take a breather, with June-dated crude futures down 5.8% at $23.15 per barrel, at last check.
Continue reading for more on today's market, including:
Schaeffer's Senior Quantitative Analyst Rocky White took a look at how stocks do after IPO multiples.Unpacking Marathon stock's big day. Plus, bull notes galore for Beyond Meat stock; GM revs its engine post-earnings; and Papa John's whiffs on Q1 earnings. 
5 Things You Need to Know Today
The Cboe Options Exchange (CBOE) saw 1.3 million call contracts traded on Tuesday, and 777,282 put contracts. The single-session equity put/call ratio slipped to 0.59, and the 21-day moving average fell to 0.63.Beyond Meat Inc (NASDAQ:BYND) is up 5.3% before the open, after the faux meat concern reported first-quarter earnings and revenue that topped analyst forecasts. In response, four brokerages have issued price-target hikes, including to $95 from $72 at Piper Sandler.General Motors Company (NYSE:GM) is up 2.5% ahead of the bell, after the automaker's earnings and revenue beat for the first quarter. General Motors stock was down 42% year-to-date going into today.Papa John's Int'l, Inc. (NASDAQ:PZZA) is up 4.7% in electronic trading, after the pizza chain reported first-quarter earnings of 41 cents per share that beat its 39 cent estimates, but revenue that missed the mark. PZZA is up 42% this quarter, and fresh off a three-year high of $76.21 yesterday.The trade deficit, Markit services PMI, and ISM non-manufacturing index are all on deck today. On the earnings docket areAllstate (ALL), Cheesecake Factory (CAKE),and Pinterest (PINS).
European Stocks Mixed Amid Weak Euro Zone Data
Asian markets closed higher as many major indexes returned from holiday, though a stronger surge may have been capped by the afternoon decline in oil prices. Japan's Nikkei remained closed, but Hong Kong's Hang Seng finished 1.1% higher, and China's Shanghai Composite added 0.6%. Meanwhile, the Kospi in South Korea had an upbeat day as well, closing up 1.8% as shares of Hyundai Motor (HYMTF) jumped.
In Europe, shares are mixed at midday as traders play close attention to global economic news. Euro zone business activity dropped to record lows in April, while the HS Markit's final composite PMI fell to 13.6. In response, the FTSE 100, in London is moving higher, now up 0.6%. On the flip side, the French CAC 40 and Germany's DAX are down 0.3% and 0.1%, respectively.