Finace And Stock

Twitter, Blackstone, IAC: What to Watch When the Stock Market Opens Today

U.S. stock futures rose after Republicans offered a short-term debt-limit extension, helping stave off immediate concerns about a possible government default. Here’s what we’re watching ahead of Wednesday’s open.

Twitter headquarters in San Francisco, Calif., July 19, 2021.



Photo:

David Paul Morris/Bloomberg News

  • Private equity giant

    Blackstone

    rose 3.3%. It said it will acquire a majority stake in visa outsourcing services provider VFS Global from EQT, another private equity investor.

  • Barry Diller

    ‘s media conglomerate

    IAC/InteractiveCorp.

    climbed 4.5% after it reached a  $2.7 billion deal to buy Meredith, a magazine publisher with brands such as People and InStyle.

  • Megacap tech companies gained premarket as government bond yields edged down.

    Amazon.com,

    Google-parent

    Alphabet

    and

    Microsoft

    all added around 1%.

    Nvidia

    rose 2%.

  • Earnings are due from

    Conagra Brands,

    Tilray,

    Lamb Weston

    and

    Helen of Troy

    before the opening bell.

  • Levi Strauss

    advanced 4%. The denim company reported higher sales in the third quarter, lifting profits.

  • Vaccine maker

    Moderna

    slipped 1.7%, extending Wednesday’s slide into a second day. The stock has lost over 20% of its value this month so far.

  • Oil company shares followed crude prices down.

    Valero Energy

    slipped 2.4%,

    Occidental Petroleum

    declined 2.3% and

    Diamondback Energy

    retreated 2%.

  • Accolade

    will report earnings after the close.

Chart of the Day

Write to Anna Hirtenstein at anna.hirtenstein@wsj.com

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8


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