Stock futures rose on Wednesday, suggesting that major indices will extend their rally following a volatile stretch of trading sparked by concerns about the spread of the coronavirus. This is what we are seeing before the opening bell. Read our full summary of markets here.
- Earnings season is in full swing with Johnson & Johnson,
Nasdaq NDAQ 2.12%
and Verizon Communications VZ -0.47%
scheduled to report before the opening bell.
Chipotle CMG Mexican Grill 1.50%
rose more than 5% pre-market after reporting sales that exceeded pre-pandemic levels. The food chain invested in online deliveries and orders before the virus and generated nearly half of its second-quarter sales from digital transactions.
United Airlines UAL 6.58%
added 1.6% after the company said it expects to return to profit in the third quarter before taxes and that business and international travel are recovering faster than expected.
Netflix NFLX -0.23%
It was down 0.5% pre-market after it said it added 1.5 million memberships in the second quarter, reflecting slower growth in new subscribers after a surge last year at the height of the pandemic.
AMC Entertainment AMC 24.47%
it was up 3.6% pre-market, extending Tuesday’s 24% jump. The popular meme action has seen a turnaround in recent days after posting four consecutive weekly losses.
- Intuitive Surgical ISRG robot-assisted surgical equipment manufacturer 2.45%
advanced 4.1% after registering an increase in profits in the second quarter due to an increase in demand for its products amid an increase in the number of surgeries after delays due to the pandemic.
- ASML Holding US Listed Stock,
a Dutch supplier to the semiconductor industry, was up 2.9% pre-market after reporting an increase in second-quarter earnings, a new share buyback program and higher sales guidance for the full year .
- Cruise lines rose, extending Tuesday’s gains to a second day. Carnival CCL 7.45%
is up 3.3% ahead of Bell and Royal Caribbean Group RCL 7.74%
it was up 2.5%.
- Whirlpool appliance manufacturer,
casino operator Las Vegas Sands LVS 0.93%
and Equifax EFX credit reporting agency 3.16%
They are scheduled to post earnings after the markets close.
Chart of the day
- Netflix remains mired in a kind of post-pandemic recession. It added 1.5 million new net paying subscribers in the second quarter, which was slightly better than it had forecast, but still its lowest growth level in nearly a decade.
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