| What to watch today: Wall Street looks steady after new highs | | |  | TUE, NOV 09, 2021 | | | | AS OF TUE, NOV 09, 2021 • 09:19 ET | | Dow Jones Fut | | 36,432.22 | | Current: | 36,271.00 | | Change: | -41.00 | | Impl. Open: | -42.22 | | | S&P 500 Fut | | 4,701.70 | | Current: | 4,696.50 | | Change: | 2.50 | | Impl. Open: | 1.80 | | | NASDAQ 100 Fut | | 16,336.03 | | Current: | 16,380.25 | | Change: | 52.50 | | Impl. Open: | 52.72 | | | Russell 2000 Mini | | 2,442.74 | | Current: | 2,436.30 | | Change: | -5.50 | | Impl. Open: | -5.44 | | | Investors are getting October inflation data this week, with the producer price index Tuesday and the consumer price index Wednesday. Producer prices climbed 0.6% in October, in-line with estimates. Still, wholesale prices increased 8.6% on a year-over-year basis, tied for the biggest increase on record. (CNBC) | | U.S. industrial giant General Electric (GE) will split into three separate companies, aviation, health care and energy, following years of lackluster stock performance. GE plans to spin off the health-care unit by early 2023 and the energy unit by early 2024, the company said in a press release. Shares of GE surged in premarket trading after the announcement. (CNBC) | | | Bitcoin and ether hit new all-time highs Tuesday, before slightly trimming their gains, as cryptocurrencies extended their rallies. Bitcoin, the world's biggest digital currency, topped $68,500. Ether, the No. 2 crypto and native currency of Ethereum's blockchain, jumped above $4,800 for the first time ever. So far this year, bitcoin has gained more than 130% and ether has surged about 550%. (CNBC)
* Ripple to launch crypto service for financial firms amid legal battle with SEC (CNBC) | | | | Shares of Roblox (RBLX) jumped more than 25% in Tuesday's premarket, the morning after the online gaming platform reported third-quarter results that impressed analysts. The service was unavailable between Oct. 28 and Oct. 31, a period that falls in the company's fourth quarter. Roblox started trading on the New York Stock Exchange in March following a direct listing. (CNBC) | | | | PayPal (PYPL) shares sank more than 5% in Tuesday's premarket, the morning after the payments company reported lower-than-expected third-quarter revenue and warned on outlook. Third-quarter adjusted earnings beat estimates. PayPal also said it's teaming up with Amazon (AMZN) to let U.S. customers pay with its Venmo service at the e-commerce giant's checkout, starting in 2022. (CNBC) | | | | AMC Entertainment (AMC) dropped almost 5% in premarket trading after its CEO said there are still Covid challenges ahead. The movie theater operator posted a third-quarter loss that was narrower than expected and revenue above estimates. The stock rose 8% in Monday's regular session before the company released after-the-bell results. AMC has been at the center of this year's meme stock craze, skyrocketing more than 2,025% in 2021. (CNBC) | | |  | Luminar Technologies (LAZR) jumped more than 35% in Tuesday's premarket after Nvidia (NVDA) picked the company's automotive lidar solution to be part of the sensor suite in its driverless vehicle platform. Nvidia shares rose nearly 5%. | | | | Palantir (PLTR) dipped 2% in the premarket even after the software and data analytics company's third-quarter revenue beat the Wall Street forecast. The company reported revenue of $392 million versus $385 million expected, according to Refinitiv. Palantir's earnings per share were in line with estimates. | | | | Nucor (NUE) dipped more than 1% in early morning trading after Citi downgraded the steel stock to neutral from buy. After Nucor rallied Monday following the House's passage of a massive infrastructure spending bill, Citi said the good news was already priced into Nucor shares. | | | | TripAdvisor (TRIP) fell more than 8% premarket after the travel-booking company missed Wall Street expectations for its third-quarter financial results. The company earned an adjusted 16 cents per share on $303 million in revenue. Analysts surveyed by Refinitiv expected the company to earn 24 cents per share on $304 million in revenue. | | | | Robinhood Markets (HOOD) retreated more than 3% in early morning trading after the company announced a data security breach. Robinhood said the breach occurred late in the evening last Wednesday, and that the third party "obtained access to a limited amount of personal information for a portion of [Robinhood's] customers." | | | | SmileDirectClub (SDC) sunk more than 22% in early morning trading after the digital dentistry company reported weaker-than-expected. quarterly results. The company reported revenue of $138 million, short of the expected $182.5 million, according to estimates from StreetAccount. | | | | Richard Fain has decided to step down as Royal Caribbean (RCL) CEO on Jan. 3. Chief Financial Officer Jason Liberty will succeed Fain as CEO and join the board. Fain will remain chairman. Royal Caribbean shares were little changed in the premarket. | | |
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