Stock futures traded flat Wednesday, a day after the
closed above 5,500 for the first time and set a record closing high. The
also set an all-time closing high.
rose 2.8% in premarket trading. Shares of the electric-vehicle maker closed Tuesday up 10% at $231.26 after second-quarter deliveries at
topped Wall Street expectations. The stock has risen for six-straight sessions, jumping nearly 27% during the winning streak.
jumped 7.4% in premarket trading after The Wall Street Journal reported it had reached a preliminary deal to combine with Skydance Media. The agreement would see Skydance buy National Amusements, Paramount’s controlling shareholder, and then merge it with Paramount, according to the Journal, which cited people familiar with the matter.
declined 1.1% to $121.34. Shares of the chip maker fell 1.3% on Tuesday. Shares of the leading maker of chips for artificial-intelligence applications have risen risen 148% this year but have been in a relative lull over the past week.
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the alcoholic beverage company, is scheduled to report its fiscal first-quarter earnings before the stock market opens Wednesday. Analysts expect
to post a profit in the period of $3.46 a share on revenue of $2.67 billion. The stock was rising 0.4% ahead of the report.
on Tuesday received approval from the Food and Drug Administration for Kisunla, a treatment for adults with early symptomatic Alzheimer’s disease. The stock was rising 0.5% in premarket trading. It closed down 0.8% on Tuesday, pressured by criticism from President Joe Biden and Sen. Bernie Sanders over prices for Mounjaro, its medicine for Type 2 diabetes.
also was criticized for the cost of its diabetes drug Ozempic and the weight-loss treatment Wegovy.
the modeling and simulation software company, suspended its quarterly dividend, saying the funds would be used toward its “capital allocation strategy for investing in growth initiatives that are intended to generate long-term shareholder value.” The company also reported third-quarter adjusted earnings of 19 cents a share that topped analysts’ estimates and revenue of $18.5 million, an increase of 14% from a year earlier.
was down 2.1% to $297.16 in premarket trading after analysts at Citi downgraded shares of the cable giant to Sell from Neutral and reduced the price target to $255 from $280.
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Write to Joe Woelfel at [email protected]
