Updated July 22, 2021 at 9:17 a.m. ET
Futures are surging after weekly jobless claims were higher than expected. We’ll see that before the opening on Thursday.
Texas Instruments TXN -4.67%
posted Texas-sized sales growth and earnings surge last quarter, but the outlook was below expectations. The shares lost 4.4% before the IPO.
A Texas Instruments office in San Diego, California, April 24, 2018.
Mike Blake / Reuters
- So much for internet routers. Netgear NTGR -10.52%
Stocks plunged 16% ahead of market after third-quarter forecasts fell below expectations and second-quarter sales were near the lower-end of expectations.
- Shares of both American Airlines AAL -1.33%
and Southwest Airlines LUV -2.99%
are losing altitude despite saying the recent travel recovery has been a boon as they work to get operations back after the Covid-19 pandemic hit the industry last year. Southwest lost 2.1% and American lost 1.6%.
AT&T T 0.16%
rose 0.9% after the company hit a profit and raised its revenue forecast for new cellular subscriber growth.
Blackstone BX 4.90%
rose 1.2% after the private equity firm’s earnings skyrocketed in the second quarter, driven by a record increase in its investments.
- Railway operator CSX CSX 3.96%
rose 3.8% ahead of the market after earnings more than doubled in the second quarter.
Las Vegas Sands LVS -3.95%
Losses receded in the second quarter as revenues rebounded from last year’s more restrictive measures to limit the spread of Covid-19, but market participants are still taking their bets off the table. His shares lost 3%.
Airbnb ABNB 0.29%
Stocks are up 1.1% before the IPO. CEO Brian Chesky told Barrons that he sees the “travel recovery of the century” as Covid-19 cases skyrocket.
About UBER 1.08%
said its trucking division will acquire logistics company Transplace in a deal that estimates the target at around $ 2.3 billion. Uber stock lost 0.6% before it was marketed.
Equifax EFX -2.40%
increased its guidance for the year as the company sees broad-based revenue growth across all segments. Market watchers greeted the news with a yawn: stocks were flat pre-trading.
Twitter TWTR -0.12%
and Snap SNAP -1.80%
are expected to show profits after the market closes. In the case of Intel, a drop in profits could be in sight given a global chip shortage.
Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8