[ad_1]
Futures are mixed ahead of jobless figures and a second day of testimony from Federal Reserve Chairman
Jerome Powell
on Capitol Hill. S&P 500 contracts are down slightly. Nasdaq-100 futures are up, suggesting tech stocks will outperform.
Here’s what we’re watching ahead of Thursday’s trading action.
-
gained 3.9% in premarket trading after striking a deal to manage a swath of assets backing AIG’s life-insurance policies and annuities. It’s big step by the private-equity firm toward becoming a major player in the insurance industry.
shares jumped 5.6%.
-
lost 1.9% before the open after The Wall Street Journal reported that the company is in talks to buy cybersecurity firm Avast. Avast investors liked what they saw: Shares leaped 14% in London.
-
edged up 1.3% after reporting a rise in revenue and operating profits in the second quarter from a year before.
-
is recalling most of its Neutrogena and Aveeno spray sunscreens from U.S. stores after detecting benzene, a potentially cancer-causing chemical, in some samples. Shares ticked down 0.5% before the bell.
-
and
are among the companies reporting earnings Thursday.
Prague-based Avast primarily makes free and premium security software, offering desktop and mobile-device protection.
Photo:
david w cerny/Reuters
- Is the steam coming out of meme stocks?
one favorite of the Reddit trading crowd, lost 3.7% premarket. If matched once trading begins, the stock would extend a decline of 43% over the past month.
and
shares have both dropped by almost a quarter in that time.
-
shares rose 2.6%. The streaming company, which reached a licensing deal over animated films with Universal this week, has been on a tear of late, gaining 11% for the month through Wednesday.
-
shares are up 2.6%. Analysts at Citigroup, Deutsche Bank and Morgan Stanley have raised their target prices for the stock in recent days. T. Rowe said this week it managed $1.62 trillion in assets at the end of June.
- Supply-chain technology provider
fell 1% after reporting a fall in profit and revenue in its fiscal first quarter from a year before.
Chart of the Day
- Energy companies are raising money again from Wall Street at superlow borrowing costs, thanks in part to higher oil prices. The one thing most investors don’t want them to do with it: Pump more crude.
Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
[ad_2]
Source link