Futures put Wall Street indexes on course to open with muted losses. Here’s what’s moving in premarket trading:
-
shares slipped 1% ahead of the opening bell. The electric-vehicle maker notched a third consecutive record quarterly profit, thanks in part to its ability to navigate persistent global supply-chain disruptions.
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gained 1.1%. The carrier added 928,000 postpaid phone subscribers in the third quarter, showing how a year of deep handset discounts for new and existing customers is proving a winning formula.
-
shed 1.1% premarket, eating into Wednesday’s 13% rise that came after The Wall Street Journal reported that
is in talks to acquire the social-media platform.
-
and
are due to report before the open.
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fell 4.7% premarket after it reported weaker-than-expected revenue in the latest quarter, weighed down by its cloud business and some clients’ pause in spending.
The IBM office in Foster City, Calif., July 14, 2021.
Photo:
David Paul Morris/Bloomberg News
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gained 2.8% premarket on slim volume. The rail operator posted third-quarter results ahead of expectations, as a 24% surge in revenue just outpaced a 23% increase in expenses.
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slipped 2.1% premarket. The casino operator’s losses narrowed in the third quarter as revenue improved, but increased pandemic-related restrictions and slow tourism continued to hurt financial results.
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was down 2.3% premarket after the company reported a better-than-expected profit in the latest quarter, but a loss on investment caused the company to miss revenue expectations.
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nudged up 0.9% premarket. Activist investor Elliott Management has a big stake in the rail operator, adding to pressure on the railroad after its CEO resigned following a failed bid for rival
-
Snap,
and
will report earnings after the close.
Chart of the Day
- Chinese dollar-bond defaults are rising quickly as the country’s housing market slumps, and the problem could worsen as a wave of debt from the beleaguered industry comes due in the coming months.
Write to James Willhite at james.willhite@wsj.com
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2021-10-21 10:57:00