| What to watch today: Wall Street set to rise at open, but not enough to erase weekly losses | | |  | FRI, OCT 23, 2020 | | | | AS OF FRI, OCT 23, 2020 • 08:23 ET | | Dow Jones Fut | | 28,363.66 | | Current: | 28,346.00 | | Change: | 78.00 | | Impl. Open: | 94.34 | | | S&P 500 Fut | | 3,453.49 | | Current: | 3,459.75 | | Change: | 10.50 | | Impl. Open: | 14.26 | | | NASDAQ 100 Fut | | 11,662.91 | | Current: | 11,683.25 | | Change: | 33.50 | | Impl. Open: | 33.34 | | | Russell 2000 Mini | | 1,630.25 | | Current: | 1,639.90 | | Change: | 9.30 | | Impl. Open: | 16.85 | | Dow stock American Express fell about 3% in the premarket after the credit card giant on Friday reported a nearly 40% drop in third-quarter adjusted earnings to a lower-than-expected $1.30 per share. Revenue, which dropped 20% to $8.8 billion, actually beat estimates. (Reuters)
Shares of Intel, also a Dow component, dropped 9% in Friday's premarket, the morning after the company showed new weakness in its data center business in the third quarter. Per-share adjusted earnings fell 22% to $1.11, matching estimates. Revenue, which dropped 4% to $18.33 billion, beat expectations. (CNBC) | | Shares of Walmart (WMT) were little changed in the premarket after the company filed a lawsuit against the federal government, seeking clarity on the roles and legal responsibilities of pharmacists and pharmacies in filling opioid prescriptions. Walmart said certain officials in the Justice Department are threatening to sue the retail giant, claiming pharmacists should have refused to fill valid opioid prescriptions. (Reuters) | | | | Shares of Uber (UBER) and Lyft (LYFT) were under pressure in premarket trading after a California appeals court ruled that companies must comply with a preliminary injunction requiring them to stop classifying drivers as independent contractors. The order, however, won't take effect right away and a state ballot measure could still undermine the entire case. (CNBC) | | Mattel (MAT) beat expectations on the top and bottom lines for the third quarter. Mattel reported profit of 95 cents a share and $1.63 billion in revenue. Analysts surveyed by Refinitiv expected 39 cents a share in earnings and $1.46 billion in revenue. | | | | Seagate Technology (STX), a data storage company, reported weaker-than-expected revenue for its third quarter. Seagate posted earnings of 93 cents per share on $2.31 billion of revenue. Analysts surveyed by Refinitiv were looking for 88 cents per share and $2.34 billion of revenue. The company also raised its dividend and buyback program. | | | | Capital One Financial (COF) beat revenue expectations for its third quarter. Capital One had $7.38 billion in revenue, while analysts surveyed by Refinitiv projected $6.68 billion. The company's non-interest income rose nearly 50% year over year. | | | | Bloomin' Brands (BLMN) reported a smaller-than-expected loss for the third quarter, saying its takeout business remained strong even as inside dining reopened. The Outback Steakhouse owner reported a loss of 12 cents per share and $771.3 million of revenue, which also best expectations. | |  | | |
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