| What to watch today: Stocks set for mostly lower open after another major comeback | | |  | THU, FEB 25, 2021 | | | | AS OF THU, FEB 25, 2021 • 08:00 ET | | Dow Jones Fut | | 31,961.86 | | Current: | 31,915.00 | | Change: | -1.00 | | Impl. Open: | 8.14 | | | S&P 500 Fut | | 3,925.43 | | Current: | 3,909.75 | | Change: | -12.75 | | Impl. Open: | -11.68 | | | NASDAQ 100 Fut | | 13,302.19 | | Current: | 13,169.00 | | Change: | -133.00 | | Impl. Open: | -129.19 | | | Russell 2000 Mini | | 2,284.38 | | Current: | 2,284.70 | | Change: | -.40 | | Impl. Open: | 3.52 | | Dow futures were steady Thursday, one day after the 30-stock average wiped out a 110-point loss and climbed 424 points, or 1.4%, to a record closing high. S&P and Nasdaq futures dropped in Thursday's premarket. The tech-heavy Nasdaq on Wednesday erased a 1.3% drop and closed 1% higher. The S&P 500 finished 1.1% higher after recovering from a 0.6% decline. (CNBC)
Two days of reassuring words on interest rates and inflation from Federal Reserve Chairman Jerome Powell helped push stocks higher and tempered bond yield gains Wednesday. But on Thursday, the 10-year Treasury yield rose to 1.45%, around the highest levels in a year. Bitcoin rose 2% early Thursday, back above $50,000. (CNBC) | | | Moderna (MRNA) has shipped to the National Institutes of Health doses of a new Covid vaccine designed to provide better protection against the variant spreading in South Africa. The new vaccine is ready to be tested in an early-stage clinical trial to determine if it can be used as a booster shot against the highly transmissible strain. (CNBC)
* Moderna expects $18.4 billion in 2021 sales from Covid vaccine (CNBC) | | | | Wayfair (W): The furniture and home goods seller earned $1.24 per share for its latest quarter, above the consensus estimate of 86 cents a share. Revenue was slightly below Wall Street forecasts, as were the number of orders and the shares fell 9% premarket. | | | | Norwegian Cruise Line (NCLH): The cruise line operator's shares rose 1.9% in the premarket after quarterly revenue came in well above estimates, despite the Covid-19 related shutdown of cruises. Its loss of $2.33 per share for its latest quarter was slightly wider than the consensus estimate of a $2.17 per share loss. | | | | Anheuser-Busch InBev (BUD): Anheuser-Busch reported better-than-expected profit and revenue for the fourth quarter. The company also forecast higher earnings for 2021, however the beer brewer said its profit margins would be hurt by higher commodity costs. Its shares fell 5.3% in premarket trading. | | | | ViacomCBS (VIAC) : iacomCBS came in 2 cents a share ahead of estimates, with quarterly profit of $1.04 per share. Revenue essentially was in line with Wall Street forecasts. The company also said it had 30 million streaming subscribers, ahead of its planned March 4 launch of Paramount+ service that will replace the current CBS All Access service. Its shares dropped 2.8% in premarket action. | | | | Teladoc Health (TDOC): Teladoc dropped 6.5% in premarket trading after it reported a loss of 27 cents per share for its latest quarter, 3 cents a share wider than Wall Street had expected. The provider of video medical visits' revenue came in above estimates. | | | | Nvidia (NVDA): Nvidia reported quarterly earnings of $3.10 per share, compared to a $2.81 a share consensus estimate. The company best known for its gaming chips saw revenue beat estimates as well. Nvidia also predicted strong revenue for the current quarter, but the shares were down 2.6% in premarket action. | | | | Fisker (FSR): Fisker struck a deal with contract manufacturer Foxconn Technology to assemble cars for the electric vehicle startup. The agreement calls for the companies to jointly produce more than 250,000 vehicles annually. Shares fell 1% premarket. | | | | Pure Storage (PSTG): Pure Storage came in 4 cents a share ahead of estimates, with quarterly profit of 13 cents per share. The provider of business memory storage systems also saw revenue beat Wall Street forecasts. Pure Storage gave a mixed forecast, but it was the first time it gave any forward guidance since the pandemic began. Shares gained 2.5% in the premarket. | | |
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