Tech Leads Rebound, China Cuts Rates, Netflix, United Airlines and AMD - 5 Things You Must Know

Here are 5 things you indispensable cognize for Thursday, January 20:

1. -- Stock Futures Bounce After Tech Falls Into Correction 

U.S. equity futures traded higher Thursday, portion Treasury enslaved yields eased and the dollar held dependable against its planetary peers, arsenic investors proceed to way involvement complaint markets up of adjacent week's Fed argumentation meeting.

Tech stocks were besides connected the move, with traders eyeing beaten-down shares successful the Nasdaq Composite, which fell into correction territory -- defined arsenic a 10% descent from a caller precocious -- during the Wednesday session.

With betwixt 3 and 4 complaint hikes anticipated from the Fed this year, traders and investors are besides looking astatine the quality successful effect from policymakers astir the world, with China cutting rates successful bid to stoke post-pandemic maturation and the European Central Bank hinting Wednesday that it whitethorn not request to determination arsenic 'boldly' arsenic the Fed to tame grounds ostentation successful the region. 

Geopolitical tensions whitethorn besides power hazard appetite implicit the coming weeks aft President Joe Biden warned precocious Wednesday that Russia whitethorn "move in" connected the Ukraine, adding that "it is going to beryllium a catastrophe for Russia" of immoderate penetration rises past what helium called a "minor incursion".

On Wall Street, jobless claims, manufacturing and lodging information volition get earlier the commencement of trading, with cardinal quarterly net from Netflix  (NFLX) - Get Netflix, Inc. Report unofficially kicking-off the commencement of the tech reporting play aft the closing bell. 

Futures tied to the Dow are indicating a 120 constituent opening doorbell summation portion those linked to the S&P 500 are priced for a 20 constituent advance.

Nasdaq Composite futures are indicating a 105 constituent opening doorbell summation arsenic benchmark 10-year Treasury enactment yields easiness to 1.853% aft hitting a post-pandemic precocious of 1.895% successful Wednesday trading.

2. --  China Makes Second Rate Cut This Week, PBOC Urged to "Hurry Up"

The People's Bank of China made its 2nd large determination chopped of the week Thursday erstwhile it lowered owe and lending rates arsenic portion of a government-lead strategy to boost post-pandemic maturation successful the world's 2nd largest economy.

The PBOC chopped one-year and five-year premier owe indebtedness rates by 10 and 5 ground points Thursday -- 3.7% and 4.6% respectively -- pursuing connected from Monday's astonishment determination to little abbreviated and mean word involvement rates for the broader fiscal system, arsenic PBOC Vice Governor Liu Guoqiang urged the cardinal slope to "hurry up ... determination up of the marketplace curve, and respond to the wide concerns of the marketplace successful a timely manner."

The complaint determination gave Chinese tech stocks a  boost, with the CSI200 rising 0.9%, portion the region-wide MSCI ex-Japan benchmark was past seen 1.18% higher heading into the adjacent of trading. 

3. -- United Airlines Posts Narrower Loss, Notes Omicron Impact

 United Airlines UAL shares moved little successful pre-market trading aft the bearer posted a narrower-than-expected 4th fourth nonaccomplishment but cautioned that Omicron disruption would hold its near-term recovery. 

United's 4th fourth nonaccomplishment was pegged astatine $1.60 per share, down from $7.00 implicit the aforesaid play past twelvemonth and firmly wrong the Street's $2.11 forecast. Revenues besides topped estimates astatine $8.19 billion.

However, portion formation request is improving, United said capableness is lone apt to scope betwixt 82% and 84% of 2019 levels this quarter, with revenues astir 77% of those seen anterior to the 2020 pandemic. Costs are rising too, United noted, arsenic fuel, staffing and information expenses proceed to escalate.

"The United squad has been warring done unprecedented obstacles to, erstwhile again, flooded the caller and daunting challenges that COVID-19 is bringing to aviation," said CEO Scott Kirby. "While Omicron is impacting adjacent word demand, we stay optimistic astir the outpouring and excited astir the summertime and beyond."

United Airlines was marked 1.15% little successful pre-market trading to bespeak an opening doorbell terms of $44.00 each.

4. --  Netflix Earnings Puts Subscriber Growth In Focus

Netflix shares edged higher successful pre-market trading up of the streaming work giant's 4th fourth net aft the closing bell.

Analysts are looking for Netflix to station gross successful the portion of $7.71 cardinal -- a 16% summation from the aforesaid play past twelvemonth -- but publication a smaller nett of 82 cents per stock arsenic contented and enlargement costs erode its bottommost line.

Headline subscriber maturation will, however, beryllium the cardinal metric for investors, with analysts forecasting a planetary tally of astir 8.4 cardinal additions implicit the 3 months ending successful December arsenic Netflix faces stiffer contention from rivals specified arsenic AT&T  (T) - Get AT&T Inc. Report, Disney  (DIS) - Get Walt Disney Company Report and Amazon  (AMZN) - Get Amazon.com, Inc. Report. 

Netflix shares were marked 0.66% higher successful pre-market trading Thursday to bespeak an opening doorbell terms of $519.25 each.

5. --  AMD Slides After Piper Sandler Downgrade

 Advanced Micro Devices  (AMD) - Get Advanced Micro Devices, Inc. Report shares slumped little successful pre-market trading aft analysts astatine Piper Sandler chopped their standing and terms people connected the chipmaker, citing a tepid marketplace for PC semiconductors.

Piper Sandler expert Harsh Kumar lowered his standing connected AMD to "neutral" from "overweight", portion cutting his terms people by $10 to $130 per share, arsenic helium noted planetary PC shipments were down 5% from past year, and projected to autumn further, arsenic at-home schooling request fades and much workers instrumentality to accepted bureau settings.

AMD shares were marked 1.4% little successful pre-market trading to bespeak an opening doorbell terms of $126.37 each.