Stitch Fix, Tesla, Coupa Software: What to Watch When the Stock Market Opens Today
By Mischa Frankl-Duval
Here's what we are watching as markets kick into gear
-- U.S. stock futures slid as political gridlock on both sides
of the Atlantic weighed on sentiment amid a continued uptick in
coronavirus cases. Futures tied to the S&P 500 fell 0.5%,
suggesting that the broad market gauge may pull back for a second
day. Nasdaq-100 futures edged down 0.4%. Read our full market wrap
What's Coming Up
-- Tax-preparation firm H&R Block will release earnings at
around 8:15 a.m. ET. Videogame retailer GameStop and online
pet-products company Chewy will report after the market closes.
Market Movers to Watch
-- Tesla shares fell around 1% premarket after the company said
it would sell up to $5 billion in shares over an unspecified
timeframe. The company's shares had been trading up more than 3%
before the announcement.
-- Shares of Stitch Fix jumped 34% offhours after the online
clothing company reported quarterly results that beat expectations.
It said active client numbers rose 10% year-on-year.
-- Shares of ON Semiconductor rose 4.5% premarket. KeyBanc today
raised its rating on the stock.
-- Uber shares fell 1.6% premarket. The company yesterday said
it had sold its self-driving car unit to a Silicon Valley
-- Shares in Coupa Software, which creates software focused on
helping businesses manage their spending, climbed 4.9% after the
company reported better-than-expected revenue and raised its
full-year financial targets.
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(END) Dow Jones Newswires
December 08, 2020 08:08 ET (13:08 GMT)
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