| What to watch today: Wall Street looks steady after tech stocks took a hit | | |  | TUE, NOV 23, 2021 | | | | AS OF TUE, NOV 23, 2021 • 08:13 ET | | Dow Jones Fut | | 35,619.25 | | Current: | 35,593.00 | | Change: | 22.00 | | Impl. Open: | 35.75 | | | S&P 500 Fut | | 4,682.94 | | Current: | 4,676.50 | | Change: | -3.25 | | Impl. Open: | -2.44 | | | NASDAQ 100 Fut | | 16,380.98 | | Current: | 16,333.25 | | Change: | -48.75 | | Impl. Open: | -43.73 | | | Russell 2000 Mini | | 2,331.35 | | Current: | 2,329.50 | | Change: | -2.70 | | Impl. Open: | -2.85 | | | The Biden administration has no plans to curb any future Covid surges using a nationwide lockdown, White House coronavirus response coordinator Jeff Zients said at a briefing Monday. The federal government would instead rely on vaccines and therapeutics to keep the country, he said. Covid cases in the U.S. recently pushed higher again into the mid-90,000-per-day range. (CNBC) | | | | Shares of Zoom Video Communications fell more than 8.5% in Tuesday's premarket, the morning after the company reported a continued revenue growth slowdown from the explosive activity in the early days of Covid. For the October quarter, Zoom beat estimates on earnings and guided higher for next quarter. (CNBC) | | | | Urban Outfitters (UBRN) dropped 11% in premarket trading after the retailer's latest quarter reflected a shift to more online sales, which drove up expenses due to higher delivery costs and higher wages at its distribution and fulfillment centers. Still, Urban Outfitters on Monday reported per-share earnings and revenue that exceeded expectations. | | | | Oscar-winning actor Kevin Spacey was ordered last year to pay nearly $31 million to MRC, the independent studio behind Netflix's (NFLX ) "House of Cards," for breaching his contract by violating the company's sexual harassment policy, a court filing revealed Monday. MRC also worked on Netflix's "Ozarks," Hulu's "The Great," and Apple TV+'s "The Shrink Next Door." (CNBC) | | | | Elizabeth Holmes took mostly easy questions from her defense attorney Monday, as the Theranos founder was given the stage to tout the bold aspirations she had for her blood-testing company ahead of what's certain to be a heated cross-examination. Holmes is expected to the witness stand Tuesday. (CNBC) |  | Abercrombie & Fitch (ANF) beat estimates by 20 cents a share, with adjusted earnings of 86 cents per share. Revenue also topped forecasts. Abercrombie's profit margin dropped by 30 basis points. Shares fell 3.8% in the premarket. | | | | Dollar Tree (DLTR) matched estimates with quarterly profit of 96 cents per share. The discount retailer's revenue came in slightly above estimates. Dollar Tree's freight costs during the quarter were significantly higher than expected, and its stock fell 1.4% in premarket trading. | | | | Medtronic (MDT) reported a mixed quarter, with revenue falling below Street forecasts. The medical device maker's profit beat forecasts by 3 cents a share, with earnings of $1.32 per share. Medtronic also lowered its full-year outlook, citing the Covid-19 resurgence and health-care staffing challenges. | | | | J.M. Smucker (SJM) reported quarterly earnings of $2.43 per share, beating the $2.05 a share consensus estimate. Revenue also beat forecasts and Smucker raised its full-year forecast amid strong consumer demand for its flagship brand as well as Jif, Folgers and Milk-Bone. Smucker rose 1.2% in the premarket. | | | | Xpeng (XPEV) jumped 3% in the premarket after the China-based electric vehicle maker reported a wider-than-expected quarterly loss, but also saw revenue come in well above estimates while issuing an upbeat current-quarter outlook. | | | | Agilent Technologies (A) came in 3 cents a share ahead of Street forecasts, with quarterly earnings of $1.21 per share. The life sciences company's revenue was in line with estimates. Agilent issued an outlook that falls partially below analysts' estimates, however, prompting a 4.2% premarket drop in the stock. | | |
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