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2022-08-12

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Pre-Bell｜Dow Futures Jumped 110 Points; This Cloud Platform Crashed Over 33%

U.S. stock futures rose on Friday with the S&P 500 headed for its fourth positive week in a row on t

Pre-Bell｜Dow Futures Jumped 110 Points; This Cloud Platform Crashed Over 33%

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For the Nasdaq, it is also the fourth positive week in a row.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 111 points, or 0.33%, S&amp;P 500 e-minis were up 15.25 points, or 0.36%, and Nasdaq 100 e-minis were up 53.25 points, or 0.4%.</p><p><img src=\"https://static.tigerbbs.com/ee9326266fa1ac10eade9d84d7eb9ff6\" tg-width=\"264\" tg-height=\"125\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b><a href=\"https://laohu8.com/S/HNST\">The Honest Company, Inc.</a></b> – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including positive adjusted earnings for the fourth quarter.</p><p><b><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a></b> – Rivian shares fell 1% in premarket trading after the electric vehicle maker widened its loss estimate for 2022. It also affirmed prior production guidance.</p><p><b><a href=\"https://laohu8.com/S/ILMN\">Illumina</a></b> – Illumina tumbled 14.7% in the premarket after the gene-sequencing technology company reported quarterly profit and revenue that was lower than expected, and issued an outlook that was well short of analyst estimates. Illumina said a challenging economic environment is offsetting growth in the use of its gene-sequencing platform.</p><p><b><a href=\"https://laohu8.com/S/TOST\">Toast, Inc.</a></b> – Toast surged 12.9% in premarket action after the restaurant payment technology company raised its full-year earnings outlook. Toast reported a quarterly loss, but it was narrower than analysts had predicted, with Toast noting a record number of new locations using its technology.</p><p><b><a href=\"https://laohu8.com/S/POSH\">Poshmark, Inc.</a></b> – Poshmark fell 1.4% in the premarket after the online fashion retailer issued weaker revenue guidance than expected for the current quarter. Poshmark reported a loss for its latest quarter on increased marketing and research and development expenses, but sales were better than analysts had anticipated.</p><p><b><a href=\"https://laohu8.com/S/UP\">Wheels Up Experience Inc.</a></b> – The private jet company’s stock added 2% in premarket action after it reported better-than-expected quarterly revenue, although its loss was slightly wider than anticipated. Wheels Up also saw a 16% jump in active users.</p><p><b><a href=\"https://laohu8.com/S/OLO\">Olo Inc.</a></b> – Olo plunged 33% in premarket trading after the restaurant software maker issued a weaker-than-expected current quarter and full-year revenue outlook.</p><p><b><a href=\"https://laohu8.com/S/LZ\">LegalZoom.com, Inc</a></b> – LegalZoom added 2.1% in the premarket after the purveyor of online legal forms reported better than expected quarterly earnings.</p><p><b>Market News</b></p><p>The cooler inflation reading for July is welcome news and may mean it’s appropriate for the Federal Reserve to slow its interest-rate increase to 50 basis points at its September meeting, but the fight against fast price growth is far from over, San Francisco Fed President Mary Daly said.</p><p>Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving <b><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a></b> electric vehicles using Autopilot and advanced driver assistance systems.</p><p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele and dwindling competition to weather a global electronics downturn. It is telling its assemblers to make 90 million of its newest devices, on par with last year, despite deteriorating projections for the smartphone market, according to people with knowledge of the matter.</p><p><b><a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a></b> said it plans to stop selling its legacy talc-based baby-powder products globally in 2023, a move that comes amid continued legal battles and years after the company discontinued the product in the US and Canada. It had made the “commercial decision” to transition all its baby powder products to use cornstarch instead of talcum powder after conducting an assessment of its portfolio.</p><p>Index provider <b><a href=\"https://laohu8.com/S/MSCI\">MSCI Inc</a></b> said on Thursday that 13 securities will be added to and eight deleted from its widely followed ACWI index as part of its quarterly index review. The three largest additions to the MSCI world index by market capitalization will be Carlisle Cos Inc, Texas Pacific Land Corp and Gaming And Leisure Properties Inc, all U.S.-based.</p><p><b><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a></b> says it now expects a 2022 loss of $5.45 billion, from a previous estimate of a $4.75 billion loss. It said it lost $1.7 billion, or $1.89 a share, in the second quarter, compared with a loss of $580 million, or $5.74 a share, in the year-ago period. Adjusted for one-time items, Rivian lost $1.62 a share in the quarter.</p><p><b><a href=\"https://laohu8.com/S/CSSEP\">Chicken Soup</a></b> takes on the Redbox network of 36,000 DVD rental kiosks, along with its own modest streaming video business. Redbox holders received 0.087 Chicken Soup shares for each Redbox share.</p><p><b><a href=\"https://laohu8.com/S/ILMN\">Illumina</a></b> reported a loss of $535 million, or $3.40 a share, compared with net income of $187 million, or $1.26 a share, in the year-ago period. Adjusted for $609 million in legal contingencies, plus selling, general and administrative expenses and other costs, earnings were 57 cents a share. Revenue rose to $1.16 billion from $1.13 billion in the year-ago quarter.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Dow Futures Jumped 110 Points; This Cloud Platform Crashed Over 33%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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｜Dow Futures Jumped 110 Points; This Cloud Platform Crashed Over 33%\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\">2022-08-12 19:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures rose on Friday with the S&amp;P 500 headed for its fourth positive week in a row on the hope that inflation is peaking. The Dow is up 1.6% for the week, while the Nasdaq Composite is 1% higher. For the Nasdaq, it is also the fourth positive week in a row.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 111 points, or 0.33%, S&amp;P 500 e-minis were up 15.25 points, or 0.36%, and Nasdaq 100 e-minis were up 53.25 points, or 0.4%.</p><p><img src=\"https://static.tigerbbs.com/ee9326266fa1ac10eade9d84d7eb9ff6\" tg-width=\"264\" tg-height=\"125\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b><a href=\"https://laohu8.com/S/HNST\">The Honest Company, Inc.</a></b> – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including positive adjusted earnings for the fourth quarter.</p><p><b><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a></b> – Rivian shares fell 1% in premarket trading after the electric vehicle maker widened its loss estimate for 2022. It also affirmed prior production guidance.</p><p><b><a href=\"https://laohu8.com/S/ILMN\">Illumina</a></b> – Illumina tumbled 14.7% in the premarket after the gene-sequencing technology company reported quarterly profit and revenue that was lower than expected, and issued an outlook that was well short of analyst estimates. Illumina said a challenging economic environment is offsetting growth in the use of its gene-sequencing platform.</p><p><b><a href=\"https://laohu8.com/S/TOST\">Toast, Inc.</a></b> – Toast surged 12.9% in premarket action after the restaurant payment technology company raised its full-year earnings outlook. Toast reported a quarterly loss, but it was narrower than analysts had predicted, with Toast noting a record number of new locations using its technology.</p><p><b><a href=\"https://laohu8.com/S/POSH\">Poshmark, Inc.</a></b> – Poshmark fell 1.4% in the premarket after the online fashion retailer issued weaker revenue guidance than expected for the current quarter. Poshmark reported a loss for its latest quarter on increased marketing and research and development expenses, but sales were better than analysts had anticipated.</p><p><b><a href=\"https://laohu8.com/S/UP\">Wheels Up Experience Inc.</a></b> – The private jet company’s stock added 2% in premarket action after it reported better-than-expected quarterly revenue, although its loss was slightly wider than anticipated. Wheels Up also saw a 16% jump in active users.</p><p><b><a href=\"https://laohu8.com/S/OLO\">Olo Inc.</a></b> – Olo plunged 33% in premarket trading after the restaurant software maker issued a weaker-than-expected current quarter and full-year revenue outlook.</p><p><b><a href=\"https://laohu8.com/S/LZ\">LegalZoom.com, Inc</a></b> – LegalZoom added 2.1% in the premarket after the purveyor of online legal forms reported better than expected quarterly earnings.</p><p><b>Market News</b></p><p>The cooler inflation reading for July is welcome news and may mean it’s appropriate for the Federal Reserve to slow its interest-rate increase to 50 basis points at its September meeting, but the fight against fast price growth is far from over, San Francisco Fed President Mary Daly said.</p><p>Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving <b><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a></b> electric vehicles using Autopilot and advanced driver assistance systems.</p><p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele and dwindling competition to weather a global electronics downturn. It is telling its assemblers to make 90 million of its newest devices, on par with last year, despite deteriorating projections for the smartphone market, according to people with knowledge of the matter.</p><p><b><a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a></b> said it plans to stop selling its legacy talc-based baby-powder products globally in 2023, a move that comes amid continued legal battles and years after the company discontinued the product in the US and Canada. It had made the “commercial decision” to transition all its baby powder products to use cornstarch instead of talcum powder after conducting an assessment of its portfolio.</p><p>Index provider <b><a href=\"https://laohu8.com/S/MSCI\">MSCI Inc</a></b> said on Thursday that 13 securities will be added to and eight deleted from its widely followed ACWI index as part of its quarterly index review. The three largest additions to the MSCI world index by market capitalization will be Carlisle Cos Inc, Texas Pacific Land Corp and Gaming And Leisure Properties Inc, all U.S.-based.</p><p><b><a href=\"https://laohu8.com/S/RIVN\">Rivian Automotive, Inc.</a></b> says it now expects a 2022 loss of $5.45 billion, from a previous estimate of a $4.75 billion loss. It said it lost $1.7 billion, or $1.89 a share, in the second quarter, compared with a loss of $580 million, or $5.74 a share, in the year-ago period. Adjusted for one-time items, Rivian lost $1.62 a share in the quarter.</p><p><b><a href=\"https://laohu8.com/S/CSSEP\">Chicken Soup</a></b> takes on the Redbox network of 36,000 DVD rental kiosks, along with its own modest streaming video business. Redbox holders received 0.087 Chicken Soup shares for each Redbox share.</p><p><b><a href=\"https://laohu8.com/S/ILMN\">Illumina</a></b> reported a loss of $535 million, or $3.40 a share, compared with net income of $187 million, or $1.26 a share, in the year-ago period. Adjusted for $609 million in legal contingencies, plus selling, general and administrative expenses and other costs, earnings were 57 cents a share. Revenue rose to $1.16 billion from $1.13 billion in the year-ago quarter.</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":"1137565495","content_text":"U.S. stock futures rose on Friday with the S&P 500 headed for its fourth positive week in a row on the hope that inflation is peaking. The Dow is up 1.6% for the week, while the Nasdaq Composite is 1% higher. For the Nasdaq, it is also the fourth positive week in a row.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were up 111 points, or 0.33%, S&P 500 e-minis were up 15.25 points, or 0.36%, and Nasdaq 100 e-minis were up 53.25 points, or 0.4%.Pre-Market MoversThe Honest Company, Inc. – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including positive adjusted earnings for the fourth quarter.Rivian Automotive, Inc. – Rivian shares fell 1% in premarket trading after the electric vehicle maker widened its loss estimate for 2022. It also affirmed prior production guidance.Illumina – Illumina tumbled 14.7% in the premarket after the gene-sequencing technology company reported quarterly profit and revenue that was lower than expected, and issued an outlook that was well short of analyst estimates. Illumina said a challenging economic environment is offsetting growth in the use of its gene-sequencing platform.Toast, Inc. – Toast surged 12.9% in premarket action after the restaurant payment technology company raised its full-year earnings outlook. Toast reported a quarterly loss, but it was narrower than analysts had predicted, with Toast noting a record number of new locations using its technology.Poshmark, Inc. – Poshmark fell 1.4% in the premarket after the online fashion retailer issued weaker revenue guidance than expected for the current quarter. Poshmark reported a loss for its latest quarter on increased marketing and research and development expenses, but sales were better than analysts had anticipated.Wheels Up Experience Inc. – The private jet company’s stock added 2% in premarket action after it reported better-than-expected quarterly revenue, although its loss was slightly wider than anticipated. Wheels Up also saw a 16% jump in active users.Olo Inc. – Olo plunged 33% in premarket trading after the restaurant software maker issued a weaker-than-expected current quarter and full-year revenue outlook.LegalZoom.com, Inc – LegalZoom added 2.1% in the premarket after the purveyor of online legal forms reported better than expected quarterly earnings.Market NewsThe cooler inflation reading for July is welcome news and may mean it’s appropriate for the Federal Reserve to slow its interest-rate increase to 50 basis points at its September meeting, but the fight against fast price growth is far from over, San Francisco Fed President Mary Daly said.Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving Tesla Motors electric vehicles using Autopilot and advanced driver assistance systems.Apple has asked suppliers to build at least as many of its next-generation iPhones this year as in 2021, counting on an affluent clientele and dwindling competition to weather a global electronics downturn. It is telling its assemblers to make 90 million of its newest devices, on par with last year, despite deteriorating projections for the smartphone market, according to people with knowledge of the matter.Johnson & Johnson said it plans to stop selling its legacy talc-based baby-powder products globally in 2023, a move that comes amid continued legal battles and years after the company discontinued the product in the US and Canada. It had made the “commercial decision” to transition all its baby powder products to use cornstarch instead of talcum powder after conducting an assessment of its portfolio.Index provider MSCI Inc said on Thursday that 13 securities will be added to and eight deleted from its widely followed ACWI index as part of its quarterly index review. The three largest additions to the MSCI world index by market capitalization will be Carlisle Cos Inc, Texas Pacific Land Corp and Gaming And Leisure Properties Inc, all U.S.-based.Rivian Automotive, Inc. says it now expects a 2022 loss of $5.45 billion, from a previous estimate of a $4.75 billion loss. It said it lost $1.7 billion, or $1.89 a share, in the second quarter, compared with a loss of $580 million, or $5.74 a share, in the year-ago period. Adjusted for one-time items, Rivian lost $1.62 a share in the quarter.Chicken Soup takes on the Redbox network of 36,000 DVD rental kiosks, along with its own modest streaming video business. Redbox holders received 0.087 Chicken Soup shares for each Redbox share.Illumina reported a loss of $535 million, or $3.40 a share, compared with net income of $187 million, or $1.26 a share, in the year-ago period. Adjusted for $609 million in legal contingencies, plus selling, general and administrative expenses and other costs, earnings were 57 cents a share. Revenue rose to $1.16 billion from $1.13 billion in the year-ago quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"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":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}