DoorDash, Etsy, DraftKings, GameStop: What to consider when the stock market opens today

90 Markets

Here’s what we observe before trading begins on Friday.

– –US stock futures gainedThat leaves the S&P 500 on track for its worst week in a month after a sharp sell-off in tech stocks.

S&P 500-linked futures rose 0.4% after closing the previous session and falling nearly 2% over the week. Contracts associated with the Nasdaq-100 rose 1%, suggesting tech stocks could regain ground. Read our full market report.

What’s coming?

– –The University of Michigan Consumer Sentiment Index February due at 10 a.m. is expected to tick up to 76.8 from a preliminary value of 76.2.

Watch market movers

– The “meme” stocks are jumping around in front of the bell. GameStop GME -6.43%

is up 13%, Koss KOSS -22.39%

is down 11% and AMC Entertainment AMC -3.38%

slipped 1.5%.

– Shares of the sports betting provider DraftKings DKNG 6.43%

rose 4.9% ahead of the market after it was revealed that the loss had widened in the fourth quarter, although sales rose as single-player monthly increases.

– working day WDAY -2.39%

Shares fell 4% ahead of market entry despite the online personal services provider seeing earnings decline as its sales increased due to the pandemic of demand for online services.

– rocket cos. RKT 9.80%

Shares rose 20% after the Detroit-based financial services firm reported profits and decided on a special dividend.

– DoorDash DASH 1.57%

Pre-market plunged 7.7% after grocery delivery service announced the end of days of breakneck growth as vaccines hit the country and the economy reopened.

A bicycle courier carries a DoorDash bag New York, December 9, 2020. DoorDash had sales of $ 970 million for the last quarter of 2020


Michael Nagle / Bloomberg News

– Salesforce CRM -6.31%

Shares fell 1.3% ahead of the IPO. The business software provider achieved record sales and raised its outlook for the current year.

– Etsy ETSY 11.48%

Stocks rose 9.8% prior to going public. After Etsy saw the first wave of demand for handcrafted face masks last spring, mask sales as part of the company’s sales declined, although overall sales accelerated.

– Airbnb ABNB 13.34%

Stocks added 4% premarket. The home-sharing giant, as a public company, posted a heavy annual loss on its early earnings as the costs associated with its market debut were limited to a year the pandemic devastated the travel industry.

– Beyond meat BYND 1.20%

Shares were up 7.5% after announcing it would supply plant-based imitation meats to McDonald’s, KFC and Pizza Hut. This was a victory in their efforts to bring meat alternatives into the American mainstream.

Market fact

According to Tradeweb, the benchmark 10-year Treasury note returned 1.539% before closing Thursday’s session at 1.513% – its highest level in a year.

Chart of the day

Mortgage lenders’ IPOs did not go as all companies had hoped.

Have to read since you went to bed

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US farmers are planting more row crops than ever before

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