Stock futures surge after S&P 500, Nasdaq posts 4-day winning streak

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BY THE NUMBERS

IN THE NEWS TODAY

Johnson & Johnson (JNJ) said in Tuesday’s earnings report that it sold $ 502 million of its Covid vaccine in the third quarter. Earnings per share exceeded expectations while revenues were lower. Dow stock fell in pre-market. The New York Times reports the FDA is expected to clear the J&J and Moderna boosters and allow mixed shots this week. Then the CDC will step in. Pfizer boosters were authorized last month. (CNBC)

Procter & Gamble (PG), a component of Dow, fell more than 1% in pre-market after the consumer products giant on Tuesday reported better-than-expected earnings and revenue for its first fiscal quarter. However, rising costs weighed on profit, which was slightly lower than in the same quarter a year ago. Turnover only increased by 5%. (CNBC)

Dow Stock Travelers (TRV) jumped 3.3% in pre-market stock after beating third-quarter earnings estimates. Travelers earned $ 2.60 per share, well above the consensus estimate of $ 1.67 per share, thanks to strong investing and underwriting results. (Reuters)

Bitcoin rallied again on Tuesday, trading above $ 62,000 and approaching all-time April highs near $ 65,000. With a summer crisis that sent bitcoin briefly below $ 29,000 in the rear view, traders propelled the world’s largest cryptocurrency higher ahead of the launch on Tuesday of the first U.S. futures exchange-traded fund on Tuesday. bitcoin. (CNBC)

The SEC said online brokerage firms, enticed to increase revenue through the controversial payment industry practice of order flow, are turning stock trading into a game to encourage trading. retail investor activity. The main Wall Street regulator released its highly anticipated GameStop mania report earlier this year on Monday. (CNBC)

Amazon (AMZN) released new data on Tuesday touting the success of sellers in its third-party marketplace, which launched in 2000, as lawmakers take a closer look at its private label business practices. In recent months, lawmakers, antitrust watchdogs and advocacy groups have expressed growing concerns about Amazon’s treatment of these sellers. (CNBC)

A House committee charged with investigating the January 6 uprising at the Capitol acts quickly on Tuesday to despise at least one of Donald Trump’s allies, along with the former president repulsive on the probe in a retrial. Trump is aggressively trying to block the committee’s work by ordering former White House aide Steve Bannon not to answer questions. (PA)

The Supreme Court accepted a request from abortion rights advocates and providers to quickly consider meeting their challenge of a restrictive Texas law that bans most abortions as early as six weeks pregnant. Last month, the petitioners submitted the unusual request to the Supreme Court to hear the case before the final judgment of the lower courts. (CNBC)

STOCKS TO MONITOR

Walmart (WMT) added about 2% to the pre-market after Goldman Sachs added the retailer’s shares to its “Conviction Buy” list, citing the company’s growing ability to generate earnings growth.

Atea Pharmaceuticals (AVIR) shares collapsed 75% in pre-market trading after a mid-term trial of the company’s Covid treatment failed to meet the main goal of reducing the amount of in outpatients with mild or moderate illness. Atea is working with Roche on the oral antiviral drug.

Halliburton (HAL) matches expectations, with quarterly earnings of 28 cents per share. Revenue did not live up to analysts’ forecasts. Halliburton’s results were helped by rising oil prices, and the company expects this trend to continue. Shares of the oil services company fell 1% in pre-market trading.

Philip Morris International (PM) gained 3 cents per share ahead of estimates, with quarterly earnings of $ 1.58 per share. An increase in shipping volumes also allowed revenue to rise above forecast.

Bank of New York Mellon (BK) earned 3 cents per share ahead of estimates, with quarterly profit of $ 1.04 per share. Income also exceeded consensus, benefiting from funds freed from credit loss provisions, as well as higher commissions.

Zions Bancorp (ZION) broke estimates of 10 cents per share, with quarterly earnings of $ 1.45 per share. The bank’s income fell below Wall Street forecasts. Zions said demand for loans recovered after several weak quarters. Its stock slipped 2.1% in pre-market.

Alibaba (BABA) said it has developed a custom computer chip that the Chinese tech giant will use to power its data center servers. The chip will not be available for use outside of Alibaba. The stock gained 1.8% in pre-market.

Sinclair Broadcast Group (SBGI) continues to work to contain a cybersecurity loophole that has disrupted the operations of its broadcast TV channels and networks. The company said it could not yet determine whether the disruption will have a significant impact on its financial results.


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