U.S. stock futures rose Tuesday as traders aimed to start the holiday-shortened week on a strong note. In the holiday-shortened week, investors are looking ahead to speeches from Federal Reserve presidents and a fresh rate hike decision from the European Central bank due out later this week. August PMI services and ISM services data are slated for Tuesday.
Market Snapshot
At 7:50 a.m. ET, Dow e-minis were up 197 points, or 0.63%, S&P 500 e-minis were up 23.5 points, or 0.6%, and Nasdaq 100 e-minis were up 64.25 points, or 0.53%.
Pre-Market Movers
CytomX Therapeutics rose 15.1% to $1.68 in pre-market trading. CytomX Therapeutics, last month, posted a Q2 loss of $0.37 per share.
HIVE Blockchain Technologies Ltd. rose 10.6% to $5.30 in pre-market trading. HIVE reported its August 2022 production figures and mining capacity.
bioAffinity Technologies, Inc. rose 8.7% to $7.66 in pre-market trading after dropping 15% on Friday. The company, last week, priced its IPO at $6.125 per unit.
Creatd Inc shares fell 28.1% to $0.2702 in pre-market trading after dipping 31% on Friday. Creatd received delist decision and received 15 days to file appeal.
Digital World Acquisition Corp shares fell 18.8% to $20.30 in pre-market trading. Shareholders have rejected the special purpose acquisition company’s proposal to extend by a year the deadline for its merger with former President Donald Trump’s Trump Media & Technology, which operates the Truth Social platform.
Bed Bath & Beyond fell 15.4% to $7.30 in pre-market trading. Raymond James recently downgraded the stock form Market Perform to Underperform.
Burcon NutraScience Corp. fell 12.6% to $0.4550 in pre-market trading as the company reported delisting from Nasdaq Capital Market on or about September 12. The company also announced auditor resignation and postponement of annual meeting of shareholders.
Boxlight Corp fell 10.6% to $0.59 in pre-market trading. Boxlight, last month, reported better-than-expected Q2 sales results.
Market News
Liz Truss will replace Boris Johnson as Britain's prime minister on Tuesday, travelling to see Queen Elizabeth in Scotland before appointing a new team of ministers to tackle an economic crisis and draw her deeply divided party together.
The Department of Commerce on Tuesday unveiled its plan for dispensing $50 billion aimed at building up the domestic semiconductor industry.The department is aiming to begin soliciting applications for the funding from companies no later than February, and it could begin disbursing money by next spring, Gina Raimondo, the secretary of commerce, said in an interview.
Apple is looking to add 216 more positions in this category to its team of 250 employees who work on advertising platforms. The number of positions is four times the 56 it was hoping to fill in 2020.
Twitter has requested JudgeKathaleen McCormick to order Musk and Jared Birchall, who manages the Tesla, Inc. CEO’s home office, to submit texts for the period of Jan. 1 to July 8, a court document filed by Twitter on Friday shows.
NIO Inc. launched NIO Air AR Glasses, which were developed with augmented reality (AR) company Nreal. Nreal had released its own equivalent Nreal Air in China last month. The NIO Air can project a 130-inch screen from an equivalent distance of four meters and supports 3D display.NIO Air will be sold at RMB 2,299, equivalent to Nreal Air's price.
The death of Bed Bath & Beyond's chief financial officer, who fell from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, has been ruled a suicide, the New York City Medical Examiner's Office said on Monday.
CVS Health on Monday agreed to buy home healthcare services company Signify Health, Inc. for about $8 billion in cash, a move that will enable one of the largest U.S. healthcare companies to provide further care management to patients in their homes.
Digital World Acquisition Corp that agreed to merge with Donald Trump's social media company failed to secure enough shareholder support for a one-year extension to complete the deal, people familiar with the matter said on Monday.