Stock futures are down at the end of a week that saw major central banks chart divergent courses as they confront inflation. Here’s what we’re watching in Friday’s action:
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shares ran out of gas premarket, dropping 9.6%. The electric-vehicle startup plans to start construction next year on a second U.S. manufacturing facility in Georgia, placing a hefty bet on its ability to steadily increase sales in the coming years.
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added 5.5% premarket. The company posted a 14% increase in revenue for its fiscal second quarter, as higher shipping rates helped offset rising costs from labor shortages.
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shares jumped 17% ahead of the bell. The Wall Street Journal reported that
is in talks to buy the electronic-medical-records company, according to people familiar with the matter, a deal that could be worth around $30 billion. Oracle shares slipped 3.6% premarket.
Cerner’s stock got a premarket boost after it was reported that Oracle was in talks to acquire the company.
Photo:
Kris Tripplaar/Sipa USA/Associated Press
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shed 1.9% premarket. JPMorgan clipped its price target for the popular trading app maker’s stock to $17 from $26. It closed Thursday at $18.14.
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added 3.7% premarket, but that’s not much after the prior day’s 34% loss for the crypto stock. The shares have been subject to large swings since the company went public in October, including more than tripling Oct. 25 on news of a
partnership.
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slipped 1.1%. Health authorities said the rate of a rare but serious blood-clotting disorder associated with the Johnson & Johnson Covid-19 vaccine is higher than previously detected.
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shed 2.8% premarket after the office furniture maker warned that supply chain disruptions and inflationary pressures had crimped some of its growth.
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shares nudged down 0.5% off hours. The cereal maker said it has reached a new tentative agreement on a five-year contract with about 1,400 workers.
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is among the companies reporting earnings on Friday.
Chart of the Day
- Investors say Chinese authorities are likely to ease up somewhat on the embattled real-estate sector and to loosen monetary policy, helping support Chinese corporate borrowers more broadly.
Write to James Willhite at [email protected]
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