U.S. STOCKS ON THE MOVE-Dish, PacWest, Meta

PacWest Bancorp

26/07/2023 13:08

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Wall Street futures crept lower on Wednesday as investors assessed earnings from
Microsoft and Alphabet ahead of a widely expected Federal Reserve rate hike that
could push borrowing costs to their highest since the global financial crisis.
 .N 
    
    At 7:43 ET, Dow e-minis  1YMc1  were down 0.07% at 35,580. S&P 500 e-minis
 ESc1  were down 0.14% at 4,589.5, while Nasdaq 100 e-minis  NQc1  were down
0.28% at 15,628.5.
 
 The top three NYSE percentage gainers premarket  .PRPG.NQ :
 ** Andretti Acquisition Corp  WNNR.K , up 12.1%
 ** PROG Holdings Inc  PRG , up 10.3%
 ** Valens Semiconductor Ltd  VLN , up 8.1%
 
 The top three NYSE percentage losers premarket  .PRPL.NQ :
 ** Snap Inc  SNAP.K , down 17.3%
 ** Entergy Mississippi LLC  EMP , down 10.8%
 ** Robert Half Inc  RHI , down 10.2%
 
 The top two Nasdaq percentage losers premarket  .PRPL.O :
 ** Maxlinear Inc  MXL.O , down 29.3%
 ** Aurora Acquisition Corp  AURC.O , down 20.8%
 
 
 ** British American Tobacco PLC  BTI.N : up 1.3% premarket
 BUZZ - Rises on HY revenue beat, higher profit  urn:newsml:reuters.com:*:nL4N39C1X4 
    
 ** Dish Network Corp  DISH.O : up 9.6% premarket
 BUZZ - Jumps on report of plans to sell mobile service on Amazon  urn:newsml:reuters.com:*:nL4N39C24T 

 ** Microsoft Corp  MSFT.O : down 3.5% premarket
 BUZZ - Shares fall as AI spending grows faster than revenue  urn:newsml:reuters.com:*:nL4N39C27M 
    
 ** Coca-Cola Co  KO.N : up 1.3% premarket
 BUZZ - Rises on lifting FY revenue, profit forecasts  urn:newsml:reuters.com:*:nL4N39C2KU 
    
 ** PacWest Bancorp  PACW.O : up 27.3% premarket
 BUZZ - Shares spark on $1.1 bln merger with Banc of California  urn:newsml:reuters.com:*:nL4N39C2EE 
    
 ** Meta Platforms Inc  META.O : up 2.3% premarket
 BUZZ - Gains as Alibaba's cloud unit says it will support Llama AI  urn:newsml:reuters.com:*:nL4N39C28W
    
 ** Target Corp  TGT.N : down 1.2% premarket
 BUZZ - Falls as Raymond James downgrades on near-term concerns  urn:newsml:reuters.com:*:nL4N39C2H7 
    
 ** Amazon.com Inc  AMZN.O : down 1.6% premarket
 BUZZ - Slips after report FTC readies antitrust lawsuit  urn:newsml:reuters.com:*:nL4N39C2KL 
    
 ** Wells Fargo & Co  WFC.N : up 2.7% premarket
 BUZZ - Rises on $30 bln buyback plan  urn:newsml:reuters.com:*:nL4N39C2OL 
    
 ** Snap Inc  SNAP.N : down 17.3% premarket
 BUZZ - Falls as brokerages cut PT after Q2 results  urn:newsml:reuters.com:*:nL4N39C2R0 
    
 ** Thermo Fisher Scientific Inc  TMO.N : down 5.6% premarket
 BUZZ - Down after slashing 2023 profit forecast  urn:newsml:reuters.com:*:nL4N39C2TV 
    
 ** AT&T Inc  T.N : up 1.6% premarket
 BUZZ - Rises on free cash flow beat, higher subscriber additions  urn:newsml:reuters.com:*:nL4N39C2UV 
    
 ** Waste Management Inc  WM.N : down 4.6% premarket
 BUZZ - Falls after trimming FY rev forecast, Q2 results miss estimates
 urn:newsml:reuters.com:*:nL4N39C2VE 
    
 ** Moderna Inc  MRNA.O : up 0.3% premarket
 BUZZ - Rises on beginning late-stage study to develop mRNA cancer vaccine
 urn:newsml:reuters.com:*:nL4N39C2XZ 
    
 ** General Dynamics Corp  GD.N : up 1.2% premarket
 BUZZ - Rises after Q2 revenue beat  urn:newsml:reuters.com:*:nL4N39C2Z5 
    

 (Compiled by Rajarshi Roy and Arshreet Singh in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))