Futures are pointing to a fresh selloff on Wall Street, as bond yields extend rises and energy prices soar. Here’s what we’re watching ahead of Wednesday’s open.
jumped 6.4% ahead of the opening bell. The data-software company said it was selected for a U.S. Army intelligence program contract.
shares ticked 1.2% lower premarket after the company spent a day in the headlines amid a whistleblower’s testimony on Capitol Hill and a widespread outage of its services.
- But the downdraft in major tech shares was hitting most of the giants.
slipped 1.2% premarket,
shed 1.2%, Google-parent
gave up 0.7% and
- Cryptocurrencies turbo-charged by Tesla CEO
got another boost Wednesday. The token Shiba Inu gained 65% over the previous 24 hours, adding to a days-long rally after Mr. Musk posted a new photo of his Shiba Inu puppy named Floki on Monday. The coin now has a market value of $8.5 billion, making it the twentieth largest cryptocurrency, according to CoinMarketCap.com. Dogecoin, a favorite of Mr. Musk’s, also rose 3.8% over the previous 24 hours.
- Shares of
American Airlines Group
lost 3.5% premarket and
Delta Air Lines
shed 1.7%, weighed down by concerns about fuel costs and a slowing economic growth.
was down 0.5%. The alcoholic-beverages company posted an increase in sales in the fiscal second quarter as beer-brand growth drove higher revenue, though the company’s adjusted profit fell short of expectations.
added 1.7% after the industrial-technology company said its profit for the fiscal fourth quarter rose as sales benefited from improved service levels and an improving economy.
- Vaccine makers
was also down, by 0.9%.
- Business-development company
‘s stock nudged up 1.2% in the extended session after it reported record repayments during the second quarter.
will give an earnings update after the close.
Chart of the Day
- Silver prices just wrapped up their worst four-month stretch since November 2014, dragged down by expectations for higher interest rates and a slowdown in manufacturing activity.
Write to James Willhite at [email protected] Zoom.com
Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Tag: Stock Market