– –US stock futures fell As investors waited for new comments from Jerome Powell the day after the Fed chairman calmed troubled markets.
Futures linked to the S&P 500 lost 0.3%, while contracts on the Dow Jones Industrial Average fell 0.2%. Futures on the tech-heavy Nasdaq-100 fell 0.9%. Read our full market report.
– –Income is due by Hostess Brands,
Rent-A-Center RCII -0.55%
and Fidelity National Financial FNF 0.69%
– –Federal Reserve Chairman Jerome Powell Witness monetary policy to the House Financial Services Committee at 10 a.m. livestream here.
– –Sale of US new buildings January, due at 10 a.m., is expected to reach an annual pace of 850,000 versus 842,000 the previous month.
Watching Market Movers
– Launch of the Fisker FSR electric vehicle 16.94%
The stocks were up 19% ahead of the market. Foxconn has agreed to assemble cars for Fisker, the latest deal for the Apple iPhone assembler in its eager expansion into the automotive sector last year.
– PRA Health Sciences PRAH 18.76%
Shares jumped 20% before the bell after the drug and medical device developer Icon ICLR -7.76%
agreed to acquire it.
– Shares in hardware store retailer Lowe’s LOW -3.73%
rose 1.1% after the premarket earnings report was released. Profit exceeded expectations as sales increased in the same store. It is also said it is planning a share buyback.
– Cybersecurity company McAfee MCFE 6.12%
‘s stocks shot 8% higher ahead of the market. The company reported profits after Tuesday’s close of trading and, following a recent reorganization, is targeting cost savings of $ 50 million over the next 12 months.
– Shares Tesla TSLA 0.88%
gained 2.7%. Palantir Technologies PLTR -2.25%
– TJX Cos. TJX 0.67%
Shares fell 2.8% after the pre-launch earnings report reflected both earnings and sales hit by store closings related to Covid-19.
– Square square -8.33%
Shares fell 4.5%, despite the payment company posting a fourth quarter profit that was boosted by its investment in DoorDash.
– Great Brothers TOL 0.66%
Shares fell 2.3% before going public. The luxury home builder reported higher profits and sales for the first quarter of the fiscal year as low mortgage rates, a tight housing stock and the pandemic fueled demand.
– Snap SNAP 1.89%
The stock gained 2.1% ahead of its IPO, building on gains made during Tuesday’s investor presentation. KeyBanc increased its price target for the share.
– Intuit INTU -1.73%
Stocks fell 2.4% before the bell. Financial management tool maker TurboTax, QuickBooks, and Mint posted lower profits last quarter as costs and expenses rose, but saw sales grow 11% in its small and self-employed business.
TurboTax is one of Intuit’s financial instruments.
Andrew Harrer / Bloomberg News
The Dow Jones Transportation Average rose 0.2% on Tuesday, climbing 21.69 points to 13,403.11, a new record close.
Chart of the day
This year’s rapid rally in cryptocurrencies lost momentum, sending Bitcoin and ether prices down from recent highs, as did the decline in other risky assets, including technology stocks.
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