Future U.S. stock markets rose Wednesday, as investors cemented their hopes on a new Washington stimulus.
Futures tied to the S&P 500, the Dow Jones Industrial Average and the Nasdaq-100, a very heavy technology, rose 0.5%. Read our full market summary here.
What’s going on?
–Gains are due of Zillow,
ZG 2.28%
Zynga ZNGA 2.81%
and Wyndham Hotels & Resorts WH -0.30%
after closing.
Market Movers to Watch
– Elevator lift 0.43%
shares are retreating with an 11% increase in the pre-market after Uber competitor reported a narrower quarterly loss even when the pandemic hit its business. Uber UBER 0.54%
added 6.4%.
—Technology-security company Akamai AKAM 0.59%
Shares have fallen 7.8% ahead of the bell. After Tuesday’s close, it posted higher revenue in the fourth quarter, but profits fell in part due to higher costs and operating expenses.
– Coca-Cola KO -0.44%
The earnings report put a bit of a friz on its shares, which rose 2% premarket. Its adjusted profit rose above expectations, although sales declined.
– General Motors GM -1.44%
equities fell 1%, even after fourth-quarter earnings crossed Wall Street expectations.
– Twitter TWTR 2.87%
Shares have risen more than 7% ahead of the market after the social media platform reported continued growth in users during a period when the former president ripped off its platform, an action that advertisers welcome to the chief financial officer of Twitter.
–Another SPAC waiting: Blank verification company Forest Road Acquisition FRX -0.28%
Shares jumped 13% before the market. Fitness and nutrition business, the Beachbody Group 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%
fell 4.7% ahead of the market after posting lower profit in the recent quarter. The network equipment maker also said it expects revenue to grow again this quarter.
– Mattel MAT 2.17%
shares rose 2.3% ahead of the market after the toy maker’s quarterly earnings report exceeded Wall Street expectations as sales rose 10%.
—El Ecommerce Platform Yelp YELP 2.18%
Shares gained 2.7% in trading outside working hours after recording better-than-expected sales and gains.
–Shares of companies favored by the Reddit crowd they are expanding their recent rebound pattern in small increments. GameStop GME -16.15%
has increased by 1.1%, Koss KOSS -5.68%
falls 4.1% and AMC Entertainment AMC -11.00%
has increased by 4.4%.
An air traveler walks to a Lyft pickup area at Los Angeles International Airport on August 20, 2020.
Photo:
Mario Tama / Getty Images
Market fact
Hong Kong Changes and Offsets 388 3.79%
it is now the most valuable trading group in the world, according to data from S&P Global Market Intelligence. HKEX shares have risen 92% in the last twelve months, according to S&P.
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