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.
shares rose 2% in premarket trading after the company said it is selling mobile ad firm MoPub to
for $1.05 billion in cash. AppLovin jumped more than 9%.
- Private equity giant
rose 3.3%. It said it will acquire a majority stake in visa outsourcing services provider VFS Global from EQT, another private equity investor.
‘s media conglomerate
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.
all added around 1%.
- Earnings are due from
before the opening bell.
advanced 4%. The denim company reported higher sales in the third quarter, lifting profits.
- Vaccine maker
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.
declined 2.3% and
will report earnings after the close.
Chart of the Day
- Airline stocks have gained more than 10% over the past month, as broader equity markets tumbled. However, this is merely a partial rebound from a bad summer for aviation shares, including those of plane makers. Only budget-airline stocks currently trade above their pre-Covid levels.
Write to Anna Hirtenstein at firstname.lastname@example.org
Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8