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Pre-Bell | Stock Futures Dip; Tesla Falls Nearly 4%; Intel Drops 2%; Uber Sinks 7%

U.S. stock index futures were set for a lower open on Wednesday following a weak forecast from Uber and a rebound in bond yields as investors sought more clarity on the Federal Reserve's plans for int

Pre-Bell | Stock Futures Dip; Tesla Falls Nearly 4%; Intel Drops 2%; Uber Sinks 7%

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U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters.</p><p>Chipmaker <a href=\"https://laohu8.com/S/INTC\">Intel</a> said on Wednesday the U.S. Department of Commerce was revoking certain export licenses for its consumer-related items to a customer in China, a move that would impact its second-quarter revenue. Intel fell 2% in premarket trading.</p><p><a href=\"https://laohu8.com/S/RDDT\">Reddit</a> shares surged 12% after the social-media platform reported a narrower-than expected first-quarter loss and revenue in the period jumped to $243 million from $163.7 million a year earlier, beating analysts’ estimates of $214 million. It was Reddit’s first report as a public company. Reddit said daily active users increased 37% to 82.7 million. For the second quarter, Reddit said it expects revenue of between $240 million and $255 million, well ahead of analysts’ consensus of $227.5 million. </p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/UBER\">Uber Technologies</a> was falling 5.9% after the ride-hailing giant swung to a loss of $654 million in the first quarter. The period included a charge of $721 million “related to the revaluation of Uber’s equity investments,” the company said.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/LYFT\">Lyft</a>’s first-quarter adjusted earnings topped forecasts, revenue jumped 28% to $1.3 billion, and the ride-hailing company logged 188 million rides during the quarter, a 23% increase from a year earlier. Gross bookings in the quarter rose 21%. The stock was up 6.3%.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/SHOP\">Shopify</a> was falling 17% after the e-commerce company swung to a surprise loss in its fiscal first quarter.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive</a>, the electric-truck maker, fell 6.1% in premarket trading after reporting a first-quarter loss that was wider than expected. Rivian left full-year guidance unchanged, saying it expects to make 57,000 trucks, SUVs, and delivery vans in 2024.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/ANET\">Arista Networks</a> reported first-quarter revenue that rose more than expected and the cloud-networking company said its board authorized additional stock buybacks of up to $1.2 billion. Arista posted an adjusted profit in the quarter of $1.99 a share, topping analysts’ estimates of $1.74. Revenue rose 16% from a year earlier to $1.57 billion. Shares jumped 7.2%.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/DV\">DoubleVerify</a> slumped 41% after the advertising data software company cut its full-year outlook, saying it expects revenue of between $663 million and $675 million, down from previous guidance of $688 million to $704 million. The company also said it anticipates adjusted earnings before interest, taxes, depreciation and amortization in 2024 of between $199 million and $211 million, compared with a prior range of $205 million to $221 million. The company said it reduced guidance “due to uneven spending patterns among select large advertisers.”</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/BROS\">Dutch Bros</a> was up 8.6% after the coffee chain raised its revenue outlook for the year. The company said same-store sales in the first quarter rose 10% and revenue jumped 39.5% year over year to $275.1 million.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/UPST\">Upstart Holdings</a> was down 13% after the artificial-intelligence lending company’s second-quarter forecast missed analysts’ expectations. Upstart said it expects revenue of $125 million in the period and an adjusted Ebitda loss of $25 million. Analysts had anticipated revenue of $145 million and a $5.9 million adjusted Ebitda loss.</p><p style=\"text-align: start;\">Shares of <a href=\"https://laohu8.com/S/ZI\">ZoomInfo</a> Technologies sank 23% after guidance from the provider of databases of customer contact information for second-quarter revenue of $306 million to $309 million was below analysts’ estimates of $313.2 million.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/TOST\">Toast</a> rose 4.9% after the cloud-based restaurant-management software company reported a first-quarter loss of $83 million, or 15 cents a share, compared with a loss of $81 million, or 16 cents, a year earlier. Revenue soared 31% to $1.08 billion, ahead of expectations of $1.04 billion.</p><p style=\"text-align: start;\">Shares of <a href=\"https://laohu8.com/S/TWLO\">Twilio</a> declined 7.8% after the cloud-communications company said it expected second-quarter revenue of $1.05 billion to $1.06 billion, below Wall Street forecasts of $1.08 billion. The company reported first-quarter adjusted profit of 80 cents a share, topping estimates of 59 cents.</p><p style=\"text-align: start;\">Semiconductor company <a href=\"https://laohu8.com/S/ALAB\">Astera Labs</a> reported first-quarter adjusted earnings of 10 cents a share, beating analysts’ predictions of 4 cents, and a revenue jump of 29% to $65.3 million, but the stock was down 6.7% in premarket trading. Astera went public in March and</p><h2 id=\"id_1718173024\">Market News</h2><h3 id=\"id_896999298\">Apple&#39;s China iPhone Shipments Soar 12% in March After Discounts</h3><p>Chinese iPhone shipments jumped about 12% in March after Apple Inc. and its retailers slashed prices, official data showed, suggesting efforts to arrest an accelerating decline in sales are yielding early results.</p><p>Government data showed shipments of foreign-branded smartphones — the vast majority of which would have been Apple’s marquee device — grew to 3.75 million units in March from a year earlier. That’s an about-face from a 37% slump in the first two months of 2024, according to Bloomberg’s calculations off a monthly report by the China Academy of Information and Communications Technology. The official readout emerged after Apple Chief Executive Officer Tim Cook, addressing an analyst’s question last week about the March quarter, said the iPhone business in mainland China grew without offering more details.</p><h3 id=\"id_2718296983\">Tesla Plans to Test Its &#34;Robotaxi&#34; in China</h3><p>Elon Musk, the CEO of the United States electric vehicle maker Tesla, proposed testing the full self-driving, or FSD, functions of its vehicles in the Chinese market by deploying them as &#34;taxis&#34; during his recent visit to China, and sources indicated that the Chinese government may have offered partial support for this plan.</p><p style=\"text-align: start;\">In addition to seeking approval for its most advanced FSD software rollout in China, Musk also suggested implementing these functions in the country&#39;s taxi services, individuals close to the matter told China Daily.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell | Stock Futures Dip; Tesla Falls Nearly 4%; Intel Drops 2%; Uber Sinks 7%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-05-08 20:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures were set for a lower open on Wednesday following a weak forecast from Uber and a rebound in bond yields as investors sought more clarity on the Federal Reserve&#39;s plans for interest rate cuts.</p><h2 id=\"id_1146698944\">Market Snapshot</h2><p>At 8:20 a.m. ET, Dow e-minis were down 54 points, or 0.14%, S&amp;P 500 e-minis were down 17 points, or 0.33%, and Nasdaq 100 e-minis were down 86.5 points, or 0.48%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/373781d78eb0b0ac0041eeed7fb044d3\" title=\"\" tg-width=\"453\" tg-height=\"246\"/></p><h2 id=\"id_2449728734\">Pre-Market Movers</h2><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a> stock fell nearly 4% in premarket trading. U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters.</p><p>Chipmaker <a href=\"https://laohu8.com/S/INTC\">Intel</a> said on Wednesday the U.S. Department of Commerce was revoking certain export licenses for its consumer-related items to a customer in China, a move that would impact its second-quarter revenue. Intel fell 2% in premarket trading.</p><p><a href=\"https://laohu8.com/S/RDDT\">Reddit</a> shares surged 12% after the social-media platform reported a narrower-than expected first-quarter loss and revenue in the period jumped to $243 million from $163.7 million a year earlier, beating analysts’ estimates of $214 million. It was Reddit’s first report as a public company. Reddit said daily active users increased 37% to 82.7 million. For the second quarter, Reddit said it expects revenue of between $240 million and $255 million, well ahead of analysts’ consensus of $227.5 million. </p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/UBER\">Uber Technologies</a> was falling 5.9% after the ride-hailing giant swung to a loss of $654 million in the first quarter. The period included a charge of $721 million “related to the revaluation of Uber’s equity investments,” the company said.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/LYFT\">Lyft</a>’s first-quarter adjusted earnings topped forecasts, revenue jumped 28% to $1.3 billion, and the ride-hailing company logged 188 million rides during the quarter, a 23% increase from a year earlier. Gross bookings in the quarter rose 21%. The stock was up 6.3%.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/SHOP\">Shopify</a> was falling 17% after the e-commerce company swung to a surprise loss in its fiscal first quarter.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive</a>, the electric-truck maker, fell 6.1% in premarket trading after reporting a first-quarter loss that was wider than expected. Rivian left full-year guidance unchanged, saying it expects to make 57,000 trucks, SUVs, and delivery vans in 2024.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/ANET\">Arista Networks</a> reported first-quarter revenue that rose more than expected and the cloud-networking company said its board authorized additional stock buybacks of up to $1.2 billion. Arista posted an adjusted profit in the quarter of $1.99 a share, topping analysts’ estimates of $1.74. Revenue rose 16% from a year earlier to $1.57 billion. Shares jumped 7.2%.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/DV\">DoubleVerify</a> slumped 41% after the advertising data software company cut its full-year outlook, saying it expects revenue of between $663 million and $675 million, down from previous guidance of $688 million to $704 million. The company also said it anticipates adjusted earnings before interest, taxes, depreciation and amortization in 2024 of between $199 million and $211 million, compared with a prior range of $205 million to $221 million. The company said it reduced guidance “due to uneven spending patterns among select large advertisers.”</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/BROS\">Dutch Bros</a> was up 8.6% after the coffee chain raised its revenue outlook for the year. The company said same-store sales in the first quarter rose 10% and revenue jumped 39.5% year over year to $275.1 million.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/UPST\">Upstart Holdings</a> was down 13% after the artificial-intelligence lending company’s second-quarter forecast missed analysts’ expectations. Upstart said it expects revenue of $125 million in the period and an adjusted Ebitda loss of $25 million. Analysts had anticipated revenue of $145 million and a $5.9 million adjusted Ebitda loss.</p><p style=\"text-align: start;\">Shares of <a href=\"https://laohu8.com/S/ZI\">ZoomInfo</a> Technologies sank 23% after guidance from the provider of databases of customer contact information for second-quarter revenue of $306 million to $309 million was below analysts’ estimates of $313.2 million.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/TOST\">Toast</a> rose 4.9% after the cloud-based restaurant-management software company reported a first-quarter loss of $83 million, or 15 cents a share, compared with a loss of $81 million, or 16 cents, a year earlier. Revenue soared 31% to $1.08 billion, ahead of expectations of $1.04 billion.</p><p style=\"text-align: start;\">Shares of <a href=\"https://laohu8.com/S/TWLO\">Twilio</a> declined 7.8% after the cloud-communications company said it expected second-quarter revenue of $1.05 billion to $1.06 billion, below Wall Street forecasts of $1.08 billion. The company reported first-quarter adjusted profit of 80 cents a share, topping estimates of 59 cents.</p><p style=\"text-align: start;\">Semiconductor company <a href=\"https://laohu8.com/S/ALAB\">Astera Labs</a> reported first-quarter adjusted earnings of 10 cents a share, beating analysts’ predictions of 4 cents, and a revenue jump of 29% to $65.3 million, but the stock was down 6.7% in premarket trading. Astera went public in March and</p><h2 id=\"id_1718173024\">Market News</h2><h3 id=\"id_896999298\">Apple&#39;s China iPhone Shipments Soar 12% in March After Discounts</h3><p>Chinese iPhone shipments jumped about 12% in March after Apple Inc. and its retailers slashed prices, official data showed, suggesting efforts to arrest an accelerating decline in sales are yielding early results.</p><p>Government data showed shipments of foreign-branded smartphones — the vast majority of which would have been Apple’s marquee device — grew to 3.75 million units in March from a year earlier. That’s an about-face from a 37% slump in the first two months of 2024, according to Bloomberg’s calculations off a monthly report by the China Academy of Information and Communications Technology. The official readout emerged after Apple Chief Executive Officer Tim Cook, addressing an analyst’s question last week about the March quarter, said the iPhone business in mainland China grew without offering more details.</p><h3 id=\"id_2718296983\">Tesla Plans to Test Its &#34;Robotaxi&#34; in China</h3><p>Elon Musk, the CEO of the United States electric vehicle maker Tesla, proposed testing the full self-driving, or FSD, functions of its vehicles in the Chinese market by deploying them as &#34;taxis&#34; during his recent visit to China, and sources indicated that the Chinese government may have offered partial support for this plan.</p><p style=\"text-align: start;\">In addition to seeking approval for its most advanced FSD software rollout in China, Musk also suggested implementing these functions in the country&#39;s taxi services, individuals close to the matter told China Daily.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143758466","content_text":"U.S. stock index futures were set for a lower open on Wednesday following a weak forecast from Uber and a rebound in bond yields as investors sought more clarity on the Federal Reserve's plans for interest rate cuts.Market SnapshotAt 8:20 a.m. ET, Dow e-minis were down 54 points, or 0.14%, S&P 500 e-minis were down 17 points, or 0.33%, and Nasdaq 100 e-minis were down 86.5 points, or 0.48%.Pre-Market MoversTesla stock fell nearly 4% in premarket trading. U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters.Chipmaker Intel said on Wednesday the U.S. Department of Commerce was revoking certain export licenses for its consumer-related items to a customer in China, a move that would impact its second-quarter revenue. Intel fell 2% in premarket trading.Reddit shares surged 12% after the social-media platform reported a narrower-than expected first-quarter loss and revenue in the period jumped to $243 million from $163.7 million a year earlier, beating analysts’ estimates of $214 million. It was Reddit’s first report as a public company. Reddit said daily active users increased 37% to 82.7 million. For the second quarter, Reddit said it expects revenue of between $240 million and $255 million, well ahead of analysts’ consensus of $227.5 million. Uber Technologies was falling 5.9% after the ride-hailing giant swung to a loss of $654 million in the first quarter. The period included a charge of $721 million “related to the revaluation of Uber’s equity investments,” the company said.Lyft’s first-quarter adjusted earnings topped forecasts, revenue jumped 28% to $1.3 billion, and the ride-hailing company logged 188 million rides during the quarter, a 23% increase from a year earlier. Gross bookings in the quarter rose 21%. The stock was up 6.3%.Shopify was falling 17% after the e-commerce company swung to a surprise loss in its fiscal first quarter.Rivian Automotive, the electric-truck maker, fell 6.1% in premarket trading after reporting a first-quarter loss that was wider than expected. Rivian left full-year guidance unchanged, saying it expects to make 57,000 trucks, SUVs, and delivery vans in 2024.Arista Networks reported first-quarter revenue that rose more than expected and the cloud-networking company said its board authorized additional stock buybacks of up to $1.2 billion. Arista posted an adjusted profit in the quarter of $1.99 a share, topping analysts’ estimates of $1.74. Revenue rose 16% from a year earlier to $1.57 billion. Shares jumped 7.2%.DoubleVerify slumped 41% after the advertising data software company cut its full-year outlook, saying it expects revenue of between $663 million and $675 million, down from previous guidance of $688 million to $704 million. The company also said it anticipates adjusted earnings before interest, taxes, depreciation and amortization in 2024 of between $199 million and $211 million, compared with a prior range of $205 million to $221 million. The company said it reduced guidance “due to uneven spending patterns among select large advertisers.”Dutch Bros was up 8.6% after the coffee chain raised its revenue outlook for the year. The company said same-store sales in the first quarter rose 10% and revenue jumped 39.5% year over year to $275.1 million.Upstart Holdings was down 13% after the artificial-intelligence lending company’s second-quarter forecast missed analysts’ expectations. Upstart said it expects revenue of $125 million in the period and an adjusted Ebitda loss of $25 million. Analysts had anticipated revenue of $145 million and a $5.9 million adjusted Ebitda loss.Shares of ZoomInfo Technologies sank 23% after guidance from the provider of databases of customer contact information for second-quarter revenue of $306 million to $309 million was below analysts’ estimates of $313.2 million.Toast rose 4.9% after the cloud-based restaurant-management software company reported a first-quarter loss of $83 million, or 15 cents a share, compared with a loss of $81 million, or 16 cents, a year earlier. Revenue soared 31% to $1.08 billion, ahead of expectations of $1.04 billion.Shares of Twilio declined 7.8% after the cloud-communications company said it expected second-quarter revenue of $1.05 billion to $1.06 billion, below Wall Street forecasts of $1.08 billion. The company reported first-quarter adjusted profit of 80 cents a share, topping estimates of 59 cents.Semiconductor company Astera Labs reported first-quarter adjusted earnings of 10 cents a share, beating analysts’ predictions of 4 cents, and a revenue jump of 29% to $65.3 million, but the stock was down 6.7% in premarket trading. Astera went public in March andMarket NewsApple's China iPhone Shipments Soar 12% in March After DiscountsChinese iPhone shipments jumped about 12% in March after Apple Inc. and its retailers slashed prices, official data showed, suggesting efforts to arrest an accelerating decline in sales are yielding early results.Government data showed shipments of foreign-branded smartphones — the vast majority of which would have been Apple’s marquee device — grew to 3.75 million units in March from a year earlier. That’s an about-face from a 37% slump in the first two months of 2024, according to Bloomberg’s calculations off a monthly report by the China Academy of Information and Communications Technology. The official readout emerged after Apple Chief Executive Officer Tim Cook, addressing an analyst’s question last week about the March quarter, said the iPhone business in mainland China grew without offering more details.Tesla Plans to Test Its \"Robotaxi\" in ChinaElon Musk, the CEO of the United States electric vehicle maker Tesla, proposed testing the full self-driving, or FSD, functions of its vehicles in the Chinese market by deploying them as \"taxis\" during his recent visit to China, and sources indicated that the Chinese government may have offered partial support for this plan.In addition to seeking approval for its most advanced FSD software rollout in China, Musk also suggested implementing these functions in the country's taxi services, individuals close to the matter told China Daily.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":35,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}