Tuesday, September 21, 2021
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Amazon, Pinterest, Robinhood, Chevron: What to Watch When the Stock Market Opens Today


Futures are down, with expertise shares main the best way, suggesting that the S&P 500 might slip to finish the week on its method to shut out its sixth straight month of features.

  • Amazon shares dropped 6% premarket after the e-commerce behemoth’s outcomes pointed to slowing digital sales, regardless that its earnings report was in any other case robust and showcased its dominance.
  • Pinterest fell 21% forward of the bell, after the web sharing platform stated its month-to-month common customers within the U.S. contracted during the quarter, a pattern that accelerated this month.
  • Zendesk buyers would possibly must say “om” a couple of occasions as we speak. The client-service platform’s shares have been down greater than 6% forward of the bell after quarterly outcomes got here up brief towards Wall Road expectations.
  • Shares of Chevron climbed 1.1% premarket after the oil big swung to a second-quarter profit and reported income that beat expectations. The corporate plans to renew inventory repurchases within the third quarter, at an annual fee of $2 billion to $3 billion a yr.
  • Buying and selling app Robinhood ‘s shares have been down 1.4% premarket, after having notched their first buying and selling day down more than 8%.
  • T-Cellular US edged down 0.5% premarket after the telecom firm’s income and earnings climbed within the second quarter, although it didn’t match AT&T ‘s steeper buyer features.
  • Gilead Sciences  swung to a revenue within the second quarter as income elevated 21% pushed by increased demand. However the biopharmaceutical firm was down 0.7% premarket nonetheless, maybe swept up within the morning’s bearish temper.
  • U.S. Metal shares added 0.8% premarket. The steelmaker’s gross sales greater than doubled from the yr earlier, helped by continued robust demand and low metal business inventories which are driving up costs.
  • Exxon Mobil ,   AbbVie ,   Procter & Gamble and  Colgate-Palmolive  are among the many firms reporting earnings Friday. 
  • China’s tech crackdown carries dangers, as a result of when a authorities believes it may snap its fingers and create—or destroy—complete industries at will, things can easily go awry, writes Heard on the Road’s Nathaniel Taplin.

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