Stock futures are up and government bond yields are down following a recent climb. Here’s what we’re watching in Wednesday’s trading:
- The slight decline in bond yields could be helping the shares of some big tech companies, which tend to benefit from low yields.
added 2.1% premarket,
nudged up 0.7%,
gained 1.4% and
soared 19% premarket after the California solar energy company reported record revenue during the recent quarter.
was also up, by 9.5%.
added 2.9% premarket to build on Tuesday’s 25% jump. The connected-bike maker is replacing its chief executive and cutting 2,800 jobs after a slowdown in demand caused its value to plummet.
Chipotle Mexican Grill
rose 6.1% ahead of the bell. The burrito chain’s earnings beat analysts’ expectations and it said it would open more locations than it previously anticipated.
slipped 4.4% premarket. The ride-hailing company gave a cautious outlook though its quarterly revenue was up 70%.
are due to report before the opening bell.
added 3.7% off hours. The trucker and logistics services provider reported its fourth straight quarter of record revenue as high e-commerce demand increased reliance on the sector.
slipped 3.7% off hours. The automotive products and services company said its fiscal first quarter saw strong top-line growth but a flat profit.
are among the companies reporting earnings after the close.
Chart of the Day
- Banks are unlikely to pay depositors more after the Federal Reserve first lifts rates because the lenders don’t need the money.
Write to James Willhite at [email protected]
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