U.S. stock index futures climbed Thursday morning after the recent market rally took a breather. The moves follow a losing day on Wall Street, during which investors took profits after recent gains.
Market Snapshot
At 07:15 a.m. ET, Dow e-minis were up 139 points, or 0.39%, S&P 500 e-minis were up 21.75 points, or 0.46%, and Nasdaq 100 e-minis were up 107 points, or 0.64%.
Pre-Market Movers
Micron Technology - It posted an adjusted fiscal first-quarter loss of 95 cents a share, narrower than analysts’ estimates, and issued sales guidance for the second quarter of about $5.3 billion at the midpoint, higher than expectations of $4.97 billion. The stock rose over 5% in premarket trading.
BlackBerry - It forecast fourth-quarter revenue of $150 million to $159 million, below analysts’ estimates for $185.6 million. The stock fell over 4% in premarket trading.
Warner Bros. Discovery - The chief executives of the company and Paramount Global met this week and discussed a possible merger between the media companies The stock rose over 1% in premarket trading.
Boeing - It moved closer to resuming 737 MAX deliveries to China as it appeared Chinese airlines were getting ready to take delivery of the jets again. The stock rose nearly 2% in premarket trading.
Calliditas Therapeutics AB - It received full approval from the Food and Drug Administration for Tarpeyo delayed release capsules as a treatment for adults with primary immunoglobulin A nephropathy, a kidney disease. The stock rose over 16% in premarket trading.
ParaZero Technologies Ltd - It announced the completion of a safety solution for a Fortune 500 automotive manufacturer's drone program, receiving payment for a unique variant of their SafeAir drone safety system. The stock rose over 31% in premarket trading and surged over 125% in 2 days.
Virgin Galactic - The company announced that it will resume spaceflights in the new year with Galactic 06 launching on or about Jan. 26, 2024. The stock rose nearly 4% in premarket trading.
Polished.com Inc. - It tumbled over 33% in premarket trading after surging 617.92% yesterday. It said it isn't aware of any undisclosed material change or development in its business and operations that would account for the recent increase in its stock price and volume.
Market News
The Biden administration is discussing raising tariffs on some Chinese goods, including electric vehicles, in an attempt to bolster the U.S. clean-energy industry against cheaper Chinese exports, people familiar with the matter said.
Apple is ramping up production of the Vision Pro mixed-reality headset, setting the stage for a launch by February, according to people with knowledge of the matter.
Citigroup has decided to exit the distressed-debt trading business, the latest retrenchment in Chief Executive Officer Jane Fraser’s effort to reshape the firm in pursuit of higher returns.
Toyota said on Wednesday it will recall 1.12 million vehicles worldwide because a short circuit in a sensor could cause air bags not to deploy as designed.
Boeing has won a key clearance from China's aviation regulator, moving it a step closer to resuming deliveries of 737 MAX aircraft to the country after a more than four-year freeze, trade publication The Air Current said on Wednesday.
Warner Bros. Discovery held talks on a possible merger with Paramount Global, potentially combining two of the biggest media companies in the world, according to people with knowledge of the matter.
Micron Technology gave a strong revenue forecast for the current period, indicating that data center demand is helping make up for a slowly recovering market for personal computers and smartphones.
Ark Invest's Cathie Wood is set to join Tesla Inc CEO Elon Musk on X Spaces later this week. Wood did note that the conversation will cover "everything from AI to space and beyond!" She also asked X users to reply to the post with questions for the pair.