| What to watch today: Wall Street looks higher, one day after inflation-driven selling | | |  | THU, NOV 11, 2021 | | | | AS OF THU, NOV 11, 2021 • 08:14 ET | | Dow Jones Fut | | 36,079.94 | | Current: | 36,020.00 | | Change: | 28.00 | | Impl. Open: | 43.06 | | | S&P 500 Fut | | 4,646.71 | | Current: | 4,657.75 | | Change: | 15.75 | | Impl. Open: | 17.04 | | | NASDAQ 100 Fut | | 15,985.57 | | Current: | 16,085.50 | | Change: | 105.00 | | Impl. Open: | 107.93 | | | Russell 2000 Mini | | 2,389.58 | | Current: | 2,399.50 | | Change: | 10.20 | | Impl. Open: | 9.92 | | Dow futures bounced Thursday despite the premarket drop in Dow stock Disney (DIS) on disappointing quarterly results. Wall Street sank Wednesday after October's consumer price index showed the biggest annual jump in more than 30 years, triggering a spike in the 10-year Treasury yield to 1.57%. U.S. bond trading is closed Thursday for Veterans Day. (CNBC)
The Dow and the S&P 500 on Wednesday lost less than 1%. In a tech-led sell-off, the Nasdaq fared much worse, losing 1.7%. All three stock benchmarks recently logged a flurry of record closes, the latest were on Monday. Bitcoin hit another all-time high Wednesday, near $69,000, before pairing its gains. On Thursday, it was down but trading above $65,000. (CNBC) | | Shares of Disney dropped 5% in Thursday's premarket, the morning after the entertainment giant reported adjusted earnings of 37 cents per share on $18.53 billion in revenue in its fiscal fourth quarter. Both measures were short of expectations. Wall Street was more bullish than Disney heading into earnings, expecting 125.4 million total Disney+ subscribers at the end of the fourth quarter. The company fell short. (CNBC) | | | | Shares of Affirm jumped nearly 25% in Thursday's premarket, the morning after the digital "buy now, pay later" company beat expectations with fiscal first-quarter revenue. It also announced an expansion of its partnership with Amazon. (CNBC) | | | | Beyond Meat (BYND) tanked roughly 19% in Thursday's premarket, the morning after the company reported a greater-than-expected loss of 87 cents per share in the third quarter. Revenue of $106.4 million also was worse than estimates. Beyond Meat also warned about the fourth quarter. (CNBC) | | | | As government economists work to find ways to combat soaring inflation and ease supply chain disruptions, President Joe Biden is leaning on his ability to sympathize with the economic fears of average Americans. (CNBC) | | |  | Marqeta (MQ) jumped 11% after reporting strong quarterly results and a 60% increase in processing volume from the previous year. The company is the card-issuing platform behind "buy now, pay later" brands like Affirm and Klarna. | | | | The Honest Company (HNST) increased about 8% after announcing quarterly earnings that came were in line with expectations and revenue that topped Wall Street's forecasts, according to Refinitiv. | | | | Bumble (BMBL) fell nearly 9% after the dating app company reported a loss of 6 cents per share, 6 cents below analyst estimates, according to Refinitiv. Revenue, however, came in better than expected. | | |
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