Here’s what we’re watching before Wednesday’s trading starts.
–US stock futures fluctuated when investors sold government bonds and withdrew technology stock funds.
Futures linked to the S&P 500 fell 0.1% and Dow Jones Industrial Average futures rose 0.1%. Nasdaq-100 index contracts fell 0.4%.
What’s coming
–Gains are due from Okta OKTA -3.94%
after closing.
–IHS Markit Service Index in the USA for February, due at 9:45 am, it is expected to remain at 58.9, unchanged from a preliminary reading for the month. The Institute for Supply Management service index for February, due at 10am, is expected to remain at 58.7, unchanged from the previous month.
–The Federal Reserve’s Beige Book leaves at 2pm
Market drivers to watch
– Lyft LYFT 3.00%
shares jumped 3.9% before opening. The Uber UBER 1.13%
competitor reported an increase in tour numbers in February. Uber shares also appreciated 2.4%.
—Shares of Las Vegas Sands LVS 0.70%
rose 1.6% in the pre-market after the casino operator said it agreed to sell its properties in Las Vegas for $ 6.25 billion.
The Venetian Las Vegas, portrayed on January 12, 2021, is among the properties that the Las Vegas Sands has agreed to sell.
Photograph:
Ethan Miller / Getty Images
– DraftKings DKNG 2.00%
stocks jumped 6.1% in the pre-market. The online betting company has reached an agreement with DISH Network DISH 3.28%
to provide your sports bets directly to customers of the pay TV operator. DISH’s shares also increased, 3.5%.
– Ross Stores ROST -3.58%
fell 3.1% in the pre-market after the retailer reported lower sales and earnings in the fourth quarter and a drop in comparable store sales.
– Urban Outfitters URBN 3.58%
stocks fell 2.9% in the pre-market. The company behind Urban Outfitters, Anthropologie and other clothing brands reported a drop in profits in the recent quarter, but reduced store traffic due to the coronavirus pandemic cutting its top-notch results.
– KemPharm KMPH 77.94%
rose 83% before the market after the US Food and Drug Administration approved Azstarys, the pharmaceutical company’s once-daily product for the treatment of attention deficit hyperactivity disorder, or ADHD, in patients aged six and older.
—Shares Wendy’s WEN -6.06%
fell by 3.9%. The hamburger chain said demand in the United States had increased during the last quarter, and the company posted gains in the market by the end of February.
– Cash box 3.31%
the shares increased 1.3% before the market after the cloud storage provider reported a reduction in losses in the quarter and in the year ended in January, helped by the digital acceleration brought about by the coronavirus pandemic.
Market Fact
Turnover on the Nasdaq Composite Index on Tuesday was the lowest in 2021 so far, when 4,915,363,778 changed hands. That is less than half the number of shares traded on January 27, the highest volume day.
Map of the Day
Oil prices have recovered rapidly since the biggest crisis that hit the energy sector in decades. It is here that oil prices in the US again rose above $ 60 a barrel, from a low of less than $ 37.63 a barrel last April.
Mandatory readings since you went to bed
Greensill problems are built while the regulator watches over the banking unit
UK opens doors for SPACs and major technology IPOs to compete with New York
Hedge fund manager Thomas Sandell pays $ 105 million in tax settlement in New York
Fidelity retail investor accounts increase 17%
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