Stock futures are mixed after Thursday’s technology-driven rout, with Dow futures up and tech shares on course for further losses. Here’s what we’re watching in Thursday’s trading.
- A bloodbath for
? The retailer’s shares dropped more than 9% after it reported lower sales and a quarterly loss.
- Bitcoin is extending its slump, but crypto stocks aren’t being uniformly dragged down with it. Bitcoin miners
fell 2.2% premarket and Hut 8 Mining slid 4.2%, but bitcoin wallet provider
edged up 0.1% and
was flat. In a crypto rout, perhaps its better to make your money trading the stuff than spending money on digging it up.
Boots Alliance added 2.3% premarket. The pharmacy retailer reported results that beat forecasts and lifted its full-year guidance.
slipped 2.2% in the moments after it released its earnings report.
shares added 2.7% ahead of the bell on an otherwise bad day for tech shares, albeit in low-volume trading. The cloud security company said it had entered a partnership with Amazon Web Services on product development.
shares dropped 3.2% premarket after Piper Sandler cut its rating on the stock and lowered its price target.
- Flagship meme stocks
are finding their footing, with premarket rises of 0.2% and 1%, after suffering particularly badly during Wednesday’s broad market drop.
- Crude prices are climbing, and energy companies are along for the ride.
Mobil climbed 1.4%,
added 2.5% and
Chart of the Day
- Investors are betting that rising interest rates and a tech swoon could bring American stocks’ winning streak to an end in 2022.
Write to James Willhite at email@example.com
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