Futures contracts for the S&P 500 and the Dow suggest the indices could extend their rebounds after a volatile period of trading sparked by concerns about the spread of the coronavirus. Here’s what we watch before the opening bell. Read our full markets here.
Coca Cola KO 1.68%
rose 2.5% in pre-market trading after updating its full-year guidance and reporting higher earnings per share in the second quarter.
Johnson & Johnson JNJ -0.01%
edged up 0.6% after beating analysts’ estimates on quarterly sales and profits on higher sales of medical devices, drugs and consumer health products.
Mexican Grill Chipotle CMG 9.52%
climbed 4.7% after reporting sales that exceeded pre-pandemic levels. The food chain invested in online delivery and ordering ahead of the virus and generated nearly half of its sales in the second quarter through digital transactions.
- Bitcoin is up 5.6% from its 5 p.m. ET Tuesday level, trading around $ 31,500. It fell below $ 30,000 on Tuesday for the first time in about a month.
Harley-Davidson HOG -5.21%
climbed 1% after reporting an increase in revenue due to higher sales of motorcycles in North America.
- Baker Hughes BKR Oil Services Company -1.30%
rose 4% after beating analysts’ earnings estimates and posting a smaller net loss than at the same time last year.
United Airlines UAL 5.20%
added 1.9% after the company said it expected to return to profit in the third quarter on a pre-tax basis and that business and international travel recovered faster than expected.
Netflix NFLX -4.06%
edged down 1% pre-market after saying it added 1.5 million subscriptions in the second quarter, reflecting slower growth in new subscribers after a sharp increase last year at the height of the pandemic.
- Sports betting company DraftKings DKNG 3.64%
increased by 3%. He said he plans to start an exchange for sports-related NFTs or non-fungible tokens.
- ASML Holding shares traded in the United States,
a Dutch supplier to the semiconductor industry, rose 3.1% pre-market after announcing higher second-quarter profits, a new share buyback program and higher sales forecasts for the year.
- Robot-assisted surgical equipment maker Intuitive Surgical grew 3% after posting a jump in second-quarter profits following increased demand for its products amid rising surgeries as a result delays due to the pandemic.
- Cruise lines rallied, extending Tuesday’s gains into a second day. CCL Carnival 8.49%
is up 3.5% ahead of the bell and Royal Caribbean Group RCL 4.35%
increased by 1.9%.
- Whirlpool appliance manufacturer,
casino operator Las Vegas Sands LVS 2.73%
and credit reporting agency Equifax EFX 0.04%
are expected to post profits after the markets close.
Card of the day
- Netflix remains mired in some sort of post-pandemic slump. It added 1.5 million new net paying subscribers in the second quarter, which was a little better than expected but remains its lowest level of growth in nearly a decade.
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