FuboTV, Unity Software, Wendy'' s: What to Watch When the Stock Exchange Opens Today


    FuboTV, Unity Software, Wendy'' s: What to See When the Stock Market Opens Today

    Here’s what we’re watching ahead of Wednesday’s opening bell.

    • U.S. stock futures fell after information revealed customer prices jumped in April, as the financial rebound and supply disturbances increased prices for items and services.
    • Futures for the S&P 500 fell 0.6%, a day after the broad stocks gauge posted its greatest two-decline because early March. Contracts for technology-heavy Nasdaq-100 dropped 1.1%. Agreements on the Dow, which suffered its biggest drop since late February, ticked down 0.3%. Read our full market wrap here.
    What’s Showing up
    • Earnings are due from Bumble BMBL -4.63% and Jack in package JACK -0.26% after the close.
    Market Movers to Watch
    • FuboTV FUBO 8.07% shares soared 20% ahead of the open. The sports streaming company reported that revenue more than doubled in the first quarter and increased its guidance.

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    • < figcaption class=" wsj-article-caption short article __ inset __ image __ caption" itemprop=" caption "> The fuboTV logo design was hung from the New York Stock Exchange on the day of its IPO, Oct. 8, 2020.< span class=" wsj-article-credit post __ inset __ image __ caption __ credit "itemprop=" creator "> Image: carlo allegri/Reuters Wendy’s WEN 0.31% shares climbed 4.8% premarket after the fast-food chain stated its profit rose for the very first quarter and raised its dividend. Unity Software U 3.63% shares added 3.5% premarket after it reported a 41% increase in first-quarter income and likewise raised its assistance.
    • Novavax NVAX -13.91% slid another 3.2% ahead of the bell, having shed 13.9% on Tuesday after it delayed strategies to seek regulatory clearances for its Covid-19 vaccine.
    • Minerva Neurosciences NERV -2.62% shares shot 18% higher before the bell. The biopharmaceutical business after Tuesday’s close launched the outcomes from a Phase 3 trial of a schizophrenia drug.
    • Electronic Arts EA 0.50% shares ticked up 1.7% premarket. The videogame company ended its financial year with a strong final quarter, though it expects implied adjusted earnings for the existing quarter to decline from a year earlier, when the pandemic was still raving.

    Market Truths
    • There are $ 10 billion dollars’ worth of space-related SPAC deals waiting to complete, according to a recent IHS Markit report.
    • The average prices for existing single-family homes was higher in the very first quarter compared to a year previously for 182 of the 183 metro locations tracked by the National Association of Realtors, the group stated Tuesday. In 89% of those metro areas, median prices rose by more than 10% from a year earlier.
    • On this day in 1817, the Warsaw Stock market opens for trading in Warsaw, Poland, dealing with primarily federal government and business bonds. Initially, a mere one hour of trading, from 12 twelve noon up until 1 p.m., served to fill all the buy and sell orders.
    Chart of the Day
    • Occidental‘s OXY -7.89% first-quarter outcomes show long-lasting financiers expect returns– even if that is sometime in the far-off future, writes Heard on the Street columnist Jinjoo Lee.
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    Released at Wed, 12 May 2021 12:46:00 +0000

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