Futures are down forward of a second day of testimony from Federal Reserve Chairman

Jerome Powell

on Capitol Hill. New jobless claims fell to 360,000 final week from 386,000 the prior week. Right here’s what we’re watching forward of Thursday’s buying and selling motion.

Prague-based Avast primarily makes free and premium safety software program, providing desktop and mobile-device safety.



Picture:

david w cerny/Reuters

  • U.S. Bancorp


    USB 4.11%

    logged a bigger revenue within the newest quarter. The financial institution additionally reclaimed funds it had put aside for credit score losses as a result of pandemic. Shares ticked up 0.8%.

  • Is the steam coming out of meme stocks?

    AMC Entertainment,


    AMC 8.88%

    one favourite of the Reddit buying and selling crowd, misplaced 5.3% premarket. If matched as soon as buying and selling begins, the inventory would lengthen a decline of 43% over the previous month.

    GameStop


    GME -1.57%

    and

    BlackBerry


    BB 0.38%

    shares have each dropped by nearly 1 / 4 in that point.

  • UnitedHealth


    UNH 0.27%

    mentioned extra individuals who deferred medical care through the pandemic are heading again to their medical doctors—a pattern that weighed on the corporate’s earnings within the newest quarter in contrast with a 12 months in the past. Shares ticked down 0.5%.

  • Johnson & Johnson


    JNJ -0.90%

    is recalling most of its Neutrogena and Aveeno spray sunscreens from U.S. stores after detecting benzene, a probably cancer-causing chemical, in some samples. Its shares slipped 0.6% premarket.

  • Netflix


    NFLX -0.99%

    shares rose 2%. The streaming firm, which reached a licensing deal over animated movies with Common this week, has been on a tear of late, gaining 11% for the month by means of Wednesday.

  • Oil costs prolonged a latest drop. Brent, the benchmark, fell 1.5% to $73.65 a barrel a day after U.S. authorities knowledge confirmed an surprising rise in gasoline provides.
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