Futures of US stocks rose On Wednesday, when investors pinned their hopes on fresh stimulus from Washington.
Futures linked to the S&P 500, the Dow Jones Industrial Average and the high-tech Nasdaq-100 were up 0.5%. Read our full market overview here.
–Profits are due by Zillow,
Zynga ZNGA 2.81%
and Wyndham Hotels & Resorts WH -0.30%
Market drivers to consider
– Lyft LYFT 0.43%
Shares are taking off up 11% pre-market after Uber’s competitor reported a tighter quarterly loss even as its business was hit by the pandemic. Uber UBER 0.54%
she herself added 6.4%.
—Technology and security company Akamai AKAM 0.59%
The shares were down 7.8% before the bell. After Tuesday’s close, it reported higher revenue in the fourth quarter, but profits fell due in part to higher costs and operating expenses.
– Coca-Cola KO -0.44%
The earnings report put some fizz on its shares, which were up 2% pre-market. Their adjusted profit beat expectations even as sales declined.
– General Motors GM -1.44%
shares were down 1% even after their fourth-quarter earnings beat Wall Street expectations.
– Twitter TWTR 2.87%
Shares rose more than 7% pre-market after the social media platform reported continued user growth during a period in which it ousted the former chairman of its platform, a move that Twitter’s finance chief said advertisers welcomed.
–Another SPAC on the prowl: Forest Road Blank Check Company Acquisition FRX -0.28%
The shares were up 13% before trading. The Beachbody Company Group fitness and nutrition business plans to merge with SPAC, which is affiliated with former TikTok CEO Kevin Mayer, in a deal that values the combined company at nearly $ 3 billion.
– Cisco CSCO -0.90%
It fell 4.7% pre-market after reporting a lower profit in the last quarter. The network equipment maker also said it expects revenue to grow again this quarter.
– Mattel MAT 2.17%
Shares rose 2.3% pre-market after the toy maker’s quarterly earnings report beat Wall Street expectations as sales rose 10%.
—YELP Yelp e-commerce platform 2.18%
Shares of ‘rose 2.7% in after-hours trading after they posted better-than-expected sales and earnings.
–Company stocks favored by the Reddit crowd they are expanding their recent pattern of bouncing in smaller increments. GameStop GME -16.15%
is up 1.1%, Koss KOSS -5.68%
is down 4.1% and AMC Entertainment AMC -11.00%
it has risen 4.4%.
Hong Kong Stock Exchanges and Clearing 388 3.79%
It is now the most valuable exchange group in the world, according to data from S&P Global Market Intelligence. HKEX shares have risen 92% in the past 12 months, according to S&P.
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