Stock futures rose Wednesday ahead of U.S. inflation data that could present traders with a clearer view on how the Federal Reserve will respond to rising inflation.
Dow Jones Industrial Average
futures each were up 0.2%. Futures for the tech-heavy
These are some of the stocks making notable moves in premarket trading Wednesday.
(ticker: COIN), a crypto trading platform, posted a wider-than-expected second-quarter loss and revenue below analysts’ estimates. The stock was down 7.4% in premarket trading Wednesday.
(TSLA) was rising 2%. Elon Musk has sold $6.9 billion worth of Tesla stock over the past few trading days. Musk said in a tweet that in “the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock.”
shares were up 3.6% Wednesday.
Video gaming software provider
(U) was 3.3% lower Wednesday after posting a revenue miss for its second quarter and guiding for third-quarter revenue below Wall Street consensus. On Tuesday, app marketing services company
(APP) proposed to buy Unity in an all-stock transaction with an equity value of $20 billion.
(TTD) jumped 16% after issuing third-quarter revenue guidance above Wall Street estimates and reporting second-quarter sales that beat consensus.
(WYNN) stock fell 2.7% as the hotel casino company posted second-quarter revenue that missed Wall Street estimates. Restrictions and closures in Macau negatively affected the company’s results.
Salad restaurant chain
(SG) sank 21% as it lowered its 2022 sales outlook after citing a “softness in revenue around Memorial Day.”
also posted a wider loss and revenue for the second quarter below what analysts expected.
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