Pinterest, Activision Blizzard, Platoon: What to look for when the stock market opens today

Here’s what we look for before Friday’s trading begins.

US futures stocks rose, putting the S&P 500 on track for the best week in three months, on investor bets that a new coronavirus elimination spending package will boost the economy.

S&P 500 futures gained 0.5%, Nasdaq-100 technology contracts rose 0.2%, and Dow futures added 0.5%. Read our complete market package.

– US employers added 49,000 jobs last month, the Labor Department said Friday, returning to the rise in the labor market after a month-long decline. The unemployment rate fell to 6.3%.

What’s next

—The number of Baker Hughes platforms, a proxy for oil activity, is available at 13:00 US consumer credit data for December is released at 15:00

Market Movers to watch

—Robinhood lifted its trading restrictions on GameStop,

GME 36.07%

premarket with 8.2% and AMC Entertainment,

I HAVE C 3.95%

increasing by 5.1%. But they will have to go much further to overcome yesterday’s decreases of 42% and 21%, respectively. For our live action blog, follow this link.

Pinterest and Snap jump in opposite directions after the platforms added millions more new users than expected in their last quarters, showing a strong increase in the use of social networks during the pandemic. Pinterest PINs 5.73%

shares rose more than 10% before the bell, while Snap SNAP 5.37%

shares fell by 6.2%.

– Johnson & Johnson JNJ 1.44%

received a premarket booster shot after asking regulators to authorize the emergency use of his Covid-19 vaccine. Its shares added 2.1%.

– Activision Blizzard ATVI 10.26%

The results provided more evidence that people killed time through the pandemic by playing video games. The shares of the game maker increased by more than 10% in the premarket, after its sales and holiday revenue outlook exceeded expectations. KeyBanc raised its price target per share from $ 102 to $ 120.

—Favorite Pandotony PTON Platoon -8.66%

The stock fell 6.3% after reporting more than doubled sales and subscriptions in the last quarter, despite the long delivery delays the company has promised to address as potential customers will become angry online.

Peloton Interactive stationary bikes for sale Wednesday at the company’s showroom in Dedham, Massachusetts.


Photo:

Adam Glanzman / Bloomberg News

– T-Mobile US TMUS -3.19%

Shares lost the premarket by 1.9% after wireless service provider said its nearly one-year merger with Sprint will push the company into more costly combined this year as its engineers transfer multiple subscribers to a single network. .

– Actions of the cosmetics manufacturer Estee Lauder EL 8.70%

the premarket increased by 5.6%. Its profit and sales rose in the last quarter, better than the decline in sales it had expected, as it made gains in the Asia-Pacific region and online sales.

– Ford F 1.36%

shares rose 4.2% before opening, after the Detroit-based automaker said its fourth-quarter earnings were affected by lower truck production and promised to nearly double its investment in electric and non-electric cars. driver.

—Shares of Gilead Sciences GILD 2.98%

added the premarket by 2.5% after the drug maker said demand for Veklury, its treatment for some Covid-19 patients, helped boost sales in the fourth quarter.

Market fact

The average daily trading volume on the online bond trading platform Tradeweb exceeded $ 1 trillion in January, the company said on Thursday. It marks the busiest month on record, beating March 2020 when stock market crashes pushed investors into public debt security.

Diagram of the day

Alibaba Group has sold $ 5 billion worth of bonds, showing that investors remain eager to support the Chinese e-commerce giant, despite its recent layoffs with the authorities.

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