Stock futures were slipping Thursday as investors continued to weigh whether higher interest rates will lead the U.S. economy into a recession.
These stocks were poised to make moves Thursday:
Asana $(ASAN)$ was jumping almost 23% in premarket trading after Chairman and CEO Dustin Moskovitz, the company's founder, disclosed plans to buy up to 30 million shares of the software company's Class A common stock. The company also said it expects a fiscal first-quarter loss narrower than Wall Street forecasts.
MongoDB $(MDB)$, the cloud-based database software provider, fell 11.5% in premarket trading after issuing revenue forecasts for the fiscal first quarter and year that were below analysts' expectations.
Silvergate Capital (SI) declined 43.2% after announcing that subsidiary Silvergate Bank, the crypto-focused bank, would wind down operations and liquidate. Silvergate said in a filing with the Securities and Exchange Commission last week that it would delay the filing of its annual report and was assessing its ability to "continue as a going concern."
General Electric $(GE)$ will be hosting an analyst and investor event Thursday at its aerospace headquarters in Cincinnati. Two areas of interest for investors: the continuing global aerospace recovery, and the company's power-generation business.
Earnings reports are expected before stock markets open Thursday from JD.com $(JD)$, BJ's Wholesale Club $(BJ)$, and FuelCell Energy $(FCEL)$. Oracle $(ORCL)$, DocuSign $(DOCU)$, Ulta Beauty $(ULTA)$, and HashiCorp $(HCP)$, will be reporting after Wall Street closes.
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