What's moving markets today: April 18, 2019

A satellite that Boeing (BA) manufactured for Intelsat, a Luxembourg-based video and broadband company, is a "total loss."

The satellite suffered some type of damage on April 7, causing a propellant leak and some service outages. While working to restore the satellite, something else went wrong and the satellite was lost. The companies are investigating what happened.

Intelsat (I) stock was down about 2% during after-hours trading.

The Boeing-built satellite was part of a fleet of about 50 that make up Intelsat's network — but it was one of the newer additions. The satellite was supposed to keep working until mid-2031.

Intelsat executives reportedly said in 2016, when the satellite launched, that it cost between $400 million and $450 million.

The US trading day is over and traders are ready for the weekend.

US and European financial markets are closed tomorrow for Good Friday. European exchanges will also be closed on Monday for Easter.

On tap for next week:

US stocks ended the short week higher, with industrial and technology shares doing the heavy lifting.

The new starters, Pinterest (PINS) and Zoom (ZM), which debut their stock today, finished 29% and 73% higher, respectively.

US and European stock markets will be closed for Good Friday.

Senate Majority Leader Mitch McConnell plans to introduce legislation that would raise the minimum age to buy tobacco from 18 to 21. The news is sending related stocks sliding:

The bill covers all tobacco products, including vaping devices, that are growing in popularity. A similar measure has bipartisan support in the House.

More than a dozen states have already adopted an over-21 rule for tobacco purchases. So a nation-wide law could make it easier for corporations to navigate regulations.

Despite the ding in tobacco-related stocks — companies reached by CNN Business said they fully supported the federal bill.

Altria CEO Howard Willard's statement:

Reynolds American Inc., the nation's second-largest tobacco company, said in a statement:

CNN affiliate WLKY in Kentucky, McConnell's home state, reported that the bill would be introduced in May.

Gold was hit again Thursday, as a stronger US dollar hurt the price of the precious metal.

Gold and the greenback have an inverse relationship, when one goes up, the other goes down. The dollar has had a strong run, gaining all of last year thanks to government stimulus like tax reform and rising interest rates.

Even though these drivers have petered out some, the buck is up year-to-date. And that's making life hard for gold, with little respite on the horizon.

Gold futures settled at $1,276 per ounce, their lowest level since late December.

At the halfway point on Thursday, we’ve seen the Mueller report and witnessed two IPOs. Quite the morning!

The release of Special Counsel Robert Mueller's report did not do much to move stocks in either direction.

Meanwhile, two companies rallied during their public debuts.

Pinterest (PINS) made its debut as a publicly listed company at $23.75 per share after setting the pricing at $19 on Wednesday. The shares were last up more than 26%.

Also new to the scene was the video conferencing company Zoom (ZM), which rallied 75% after listing this morning. It was priced Wednesday at $36 per share.

The newly public Zoom isn't to be confused with Zoom Technologies (ZOOM), a small Chinese wireless communications company. But that company got a boost by association — it was up 22% at midday to $3.

Zoom Video (ZM) opened nearly 80% higher in its Nasdaq trading debut:

The videoconferencing company priced its IPO at $36 per share.

Relatedly, some investors might be confusing it with Zoom Technologies (ZOOM), which is also trading higher. Their stock is also up 80% today and up 41,100% (!) for the year.

In the world of currencies, the euro is feeling some pain after worse-than-expected economic data.

One euro bought $1.1239. That's down 0.5% to a two-week low.

A preliminary read of the composite purchasing managers index for April, which comprises the services and manufacturing sectors, came in slightly lower than expected, dragged down by a weaker services sector.

The PMI measures economic activity -- above 50 denotes growth and below 50 means a contraction. The composite PMI for April was 51.3, growing just so. Manufacturing has been particularly weak, especially in Germany, Europe's economic powerhouse where it only read 44.5 in April.

Pinterest opened at $23.75 a share on Thursday, a 25% increase from its IPO price of $19 a share. The Wall Street debut suggests strong investor demand for tech unicorns, despite Lyft's lackluster performance since going public.

At its IPO price, Pinterest was valued at $12.66 billion, about half as much as Twitter and slightly less than Snapchat's parent company.