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    Delta, KB Home, Taiwan Semiconductor: What to Watch in the Stock Market Today

    U.S. stock futures wavered and bond yields rose ahead of fresh data on inflation and the labor market. Here’s what we’re watching in Thursday’s trading:

    • Earnings season is back. Delta Air Lines said Thursday it expects to shake off the impact of the Omicron variant of Covid-19. Shares rose 3% premarket. Other airliners also gained premarket, with American Airlines up 1.8% and United Airlines up 1.9%.
    • Shares of BTCS , a blockchain technology company, surged 27% premarket, poised to continue a recent rally after the Nasdaq-listed company said last week that it would pay a dividend in the cryptocurrency bitcoin.
    • Cryptocurrency companies also saw shares climb premarket. Cryptocurrency exchange Coinbase Global added 2.3% while bitcoin-miner Marathon Digital Holdings edged up 1.5%.
    • KB Home shares rose more than 6% premarket after the home builder reported higher profit and revenue for the fourth quarter, helped by strong demand despite supply-chain disruption.
    • U.S.-listed shares of Taiwan Semiconductor Manufacturing added 4% premarket after the world’s largest contract chip maker’s fourth-quarter net profit rose 16% from a year earlier, driven by strong demand for chips used in computers and smartphones.
    • ElectroCore shares fell 12% premarket Thursday. Shares surged more than 60% Wednesday after the company said its gammaCore noninvasive vagus nerve stimulation received U.S. Food and Drug Administration breakthrough device designation for the treatment of post-traumatic stress disorder.
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    • Europe’s growing dependence on Russian gas and oil is limiting the continent’s room to maneuver in the mounting U.S.-Russia crisis over security in the region and making it highly vulnerable in the event of an escalation.

    Write to Caitlin Ostroff at caitlin.ostroff@wsj.com

    Delta, KB Home, Taiwan Semiconductor: What to Watch in the Stock Market Today Source link Delta, KB Home, Taiwan Semiconductor: What to Watch in the Stock Market Today

    The post Delta, KB Home, Taiwan Semiconductor: What to Watch in the Stock Market Today appeared first on Eminetra.

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