Bitcoin, Bed Bath & Beyond, Walgreens, Exxon: What to Watch When the Stock Market Opens Today

Date:

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

    Bed Bath & Beyond

    ? The retailer’s shares dropped more than 9% after it reported lower sales and a quarterly loss.

Bed Bath & Beyond was due to report earnings.



Photo:

Michael M. Santiago/Getty Images

  • Bitcoin is extending its slump, but crypto stocks aren’t being uniformly dragged down with it. Bitcoin miners

    Marathon Digital

    fell 2.2% premarket and Hut 8 Mining slid 4.2%, but bitcoin wallet provider

    Coinbase

    edged up 0.1% and

    Bakkt Holdings

    was flat. In a crypto rout, perhaps its better to make your money trading the stuff than spending money on digging it up.

  • Walgreens

    Boots Alliance added 2.3% premarket. The pharmacy retailer reported results that beat forecasts and lifted its full-year guidance.

  • Conagra Brands

    slipped 2.2% in the moments after it released its earnings report.

  • Datadog

    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.

  • Akamai Technologies

    shares dropped 3.2% premarket after Piper Sandler cut its rating on the stock and lowered its price target.

  • Flagship meme stocks

    AMC Entertainment

    and

    GameStop

    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.

    Chevron

    rose 1.2%,

    Exxon

    Mobil climbed 1.4%,

    Occidental Petroleum

    added 2.5% and

    Baker Hughes

    gained 1.6%.

Chart of the Day

Write to James Willhite at james.willhite@wsj.com

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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The post Bitcoin, Bed Bath & Beyond, Walgreens, Exxon: What to Watch When the Stock Market Opens Today appeared first on Eminetra.

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