US stocks tumbled slightly in premarket trading as investors escalated tensions between the US and China as well as increased coronovirus cases that felt like a conservative heat on Friday.
Futures for the Dow Jones Industrial Average rose 75 points or 0.3%. The S&P 500 and Nasdaq Composite futures were up 0.4% and 0.9%. Regardless of how the futures work, however, the S&P 500 is set to open 0.2%, while the Dow can open 0.3% and the Nasdaq flat.
Oil dipped slightly over demand concerns. WTI crude fell 0.5% to close at $ 40.53 per barrel, while Brent crude was down 0.7% at $ 43.08 per barrel.
Netflix (NFLX) shares were down 8.6% as the video streaming service’s customer growth expectations fell. Netflix added 10 million subscribers in the previous quarter and is expected to add 2.5 million in the current quarter, well below analyst expectations.
Twitter (TWTR) shares 0.7% after targeting 130 accounts in a security breech earlier this week, including Tesla (TSLA) CEO Elon Musk, Amazon (AMZN) CEO Jeff Bezos and presidential candidate Joe Biden. Just as prominent people were involved. The agreement was reached
Cruise lines were hurt in prepaid trades after the Centers for Disease Control and Prevention extended no-sale orders through September. Carnival (CCL) shares lost 1.7%, Norwegian Cruise Line (NCLH) shares fell 1.8% and Royal Caribbean Cruise (RCL) lost 2.8%.
Goldman Sachs has dropped NIO (NIO) 4.7% to sell to Chinese electric-vehicle manufacturer Neutral.
Write Carlton English at [email protected]