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2023-03-08
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Pre-Bell｜Dow Futures Fell 55 Points; This Short-squeezed Stock Crashed Over 55% in 2 days
U.S. stock futures fell slightly Wednesday, a day after comments from Federal Reserve Chairman Jerom
Pre-Bell｜Dow Futures Fell 55 Points; This Short-squeezed Stock Crashed Over 55% in 2 days
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slightly Wednesday, a day after comments from Federal Reserve Chairman Jerom","content":"<html><head></head><body><p>U.S. stock futures fell slightly Wednesday, a day after comments from Federal Reserve Chairman Jerome Powell’s indicated that interest rates may need to go higher for longer, spurring a broad-based market selloff.</p><p><b>Market Snapshot</b></p><p>At 7:40 a.m. ET, Dow e-minis were down 55 points, or 0.17%, S&P 500 e-minis were down 6.75 points, or 0.17%, and Nasdaq 100 e-minis were down 16 points, or 0.13%.</p><p><img src=\"https://static.tigerbbs.com/8e6061645e4a99842f4dda3400324883\" tg-width=\"264\" tg-height=\"141\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b><a href=\"https://laohu8.com/S/CRWD\">CrowdStrike Holdings, Inc.</a></b> -- Stocks rose over 6% in premarket trading after fourth-quarter adjusted earnings beat analysts’ forecasts and the company issued an outlook for the fiscal first quarter and year also higher than estimates.</p><p><b><a href=\"https://laohu8.com/S/SFIX\">Stitch Fix Inc.</a></b> -- Stocks declined 10% after fiscal second-quarter revenue of $412.1 million fell from $516.7 million a year earlier and missed analysts’ expectations.</p><p><b><a href=\"https://laohu8.com/S/OXY\">Occidental</a></b> -- Stocks gained nearly 3% after a filing disclosed that Warren Buffett bought almost 6 million shares of the energy company in recent days, bringing its stake in Occidental to 200.2 million shares worth $12.2 billion.</p><p><b><a href=\"https://laohu8.com/S/NRGV\">Energy Vault Holdings, Inc.</a></b> -- Stocks remained flat after the utility-scale energy-storage-product provider reported fourth-quarter sales that topped Wall Street estimates but its revenue outlook for the current fiscal year was below the company’s own guidance.</p><p><b><a href=\"https://laohu8.com/S/SOUN\">SoundHound AI Inc</a></b> -- Stocks were down over 10% in premarket trading after reporting a fourth-quarter loss of $30.7 million, wider than a year earlier.</p><p><b><a href=\"https://laohu8.com/S/WE\">WeWork</a></b> -- Stocks gained over 7% in premarket trading as it was in discussions with investors to restructure more than $3 billion of debt and raise more cash.</p><p><b><a href=\"https://laohu8.com/S/TRKA\">Troika Media Group Inc.</a></b> -- Stocks crashed over 42% in premarket trading and tumbled over 55% in 2 days. It reports revenue of $187.91 million for the six months ended FY22, up from $15.34 million a year ago. Operating loss was $(19.36) million, versus $(7.58) million a year ago.</p><p><b><a href=\"https://laohu8.com/S/INBS\">INTELLIGENT BIO SOLUTIONS INC</a></b> -- Stocks crashed over 45% in premarket trading. It said late Tuesday it has begun an underwritten public offering of common shares and warrants.</p><p><b>Market News</b></p><p>Chair Jerome Powell said the Federal Reserve is likely to lift interest rates higher and potentially faster than previously anticipated with inflation persisting, an unexpectedly aggressive posture following last month’s step down in the pace of hikes.</p><p>China's passenger vehicle sales totalled 1.42 million units in February, up 10.4% from a low base in the same period in 2022 when a week-long Lunar New Year holiday reduced business activities, industry association data showed on Wednesday.</p><p><b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></b> said Chief Financial Officer Blake Jorgensen will step down following a leave of absence for health reasons, amid a shuffle of upper management at the online-payments platform.</p><p><b><a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a></b> bought almost 6 million shares of <b><a href=\"https://laohu8.com/S/OXY\">Occidental</a></b> in recent days, bringing its stake in the big energy company to 200.2 million shares worth $12.2 billion, according to a filing late Tuesday.</p><p><b><a href=\"https://laohu8.com/S/INTC\">Intel</a></b> is seeking an additional 4 billion to 5 billion euros in subsidies from the German government to move ahead with a chip manufacturing complex in the eastern part of the country, according to people familiar with the matter.</p><p><b><a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a></b>'s unit in Mexico and Central America, known as Walmex, plans to boost spending in the region 27% from last year to total around 27 billion pesos ($1.49 billion) in 2023, it said on Tuesday.</p><p><b><a href=\"https://laohu8.com/S/BA\">Boeing</a></b> on Tuesday said it will begin making the first 13 MH-139A Grey Wolf helicopters for the U.S. Air Force. The company was awarded a $285 million contract for aircraft, sustainment and support services.</p><p><b><a href=\"https://laohu8.com/S/CRWD\">CrowdStrike Holdings, Inc.</a></b>’s sales gained 48% to $637.4 million in Q4, compared with analysts’ average estimate of $624.8 million. Annual recurring revenue of $2.56 billion and new annual recurring revenue of $221.7 million also smashed expectations.</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 Fell 55 Points; This Short-squeezed Stock Crashed Over 55% in 2 days</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; 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}\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 Fell 55 Points; This Short-squeezed Stock Crashed Over 55% in 2 days\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\">2023-03-08 20:42</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 fell slightly Wednesday, a day after comments from Federal Reserve Chairman Jerome Powell’s indicated that interest rates may need to go higher for longer, spurring a broad-based market selloff.</p><p><b>Market Snapshot</b></p><p>At 7:40 a.m. ET, Dow e-minis were down 55 points, or 0.17%, S&P 500 e-minis were down 6.75 points, or 0.17%, and Nasdaq 100 e-minis were down 16 points, or 0.13%.</p><p><img src=\"https://static.tigerbbs.com/8e6061645e4a99842f4dda3400324883\" tg-width=\"264\" tg-height=\"141\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b><a href=\"https://laohu8.com/S/CRWD\">CrowdStrike Holdings, Inc.</a></b> -- Stocks rose over 6% in premarket trading after fourth-quarter adjusted earnings beat analysts’ forecasts and the company issued an outlook for the fiscal first quarter and year also higher than estimates.</p><p><b><a href=\"https://laohu8.com/S/SFIX\">Stitch Fix Inc.</a></b> -- Stocks declined 10% after fiscal second-quarter revenue of $412.1 million fell from $516.7 million a year earlier and missed analysts’ expectations.</p><p><b><a href=\"https://laohu8.com/S/OXY\">Occidental</a></b> -- Stocks gained nearly 3% after a filing disclosed that Warren Buffett bought almost 6 million shares of the energy company in recent days, bringing its stake in Occidental to 200.2 million shares worth $12.2 billion.</p><p><b><a href=\"https://laohu8.com/S/NRGV\">Energy Vault Holdings, Inc.</a></b> -- Stocks remained flat after the utility-scale energy-storage-product provider reported fourth-quarter sales that topped Wall Street estimates but its revenue outlook for the current fiscal year was below the company’s own guidance.</p><p><b><a href=\"https://laohu8.com/S/SOUN\">SoundHound AI Inc</a></b> -- Stocks were down over 10% in premarket trading after reporting a fourth-quarter loss of $30.7 million, wider than a year earlier.</p><p><b><a href=\"https://laohu8.com/S/WE\">WeWork</a></b> -- Stocks gained over 7% in premarket trading as it was in discussions with investors to restructure more than $3 billion of debt and raise more cash.</p><p><b><a href=\"https://laohu8.com/S/TRKA\">Troika Media Group Inc.</a></b> -- Stocks crashed over 42% in premarket trading and tumbled over 55% in 2 days. It reports revenue of $187.91 million for the six months ended FY22, up from $15.34 million a year ago. Operating loss was $(19.36) million, versus $(7.58) million a year ago.</p><p><b><a href=\"https://laohu8.com/S/INBS\">INTELLIGENT BIO SOLUTIONS INC</a></b> -- Stocks crashed over 45% in premarket trading. It said late Tuesday it has begun an underwritten public offering of common shares and warrants.</p><p><b>Market News</b></p><p>Chair Jerome Powell said the Federal Reserve is likely to lift interest rates higher and potentially faster than previously anticipated with inflation persisting, an unexpectedly aggressive posture following last month’s step down in the pace of hikes.</p><p>China's passenger vehicle sales totalled 1.42 million units in February, up 10.4% from a low base in the same period in 2022 when a week-long Lunar New Year holiday reduced business activities, industry association data showed on Wednesday.</p><p><b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></b> said Chief Financial Officer Blake Jorgensen will step down following a leave of absence for health reasons, amid a shuffle of upper management at the online-payments platform.</p><p><b><a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a></b> bought almost 6 million shares of <b><a href=\"https://laohu8.com/S/OXY\">Occidental</a></b> in recent days, bringing its stake in the big energy company to 200.2 million shares worth $12.2 billion, according to a filing late Tuesday.</p><p><b><a href=\"https://laohu8.com/S/INTC\">Intel</a></b> is seeking an additional 4 billion to 5 billion euros in subsidies from the German government to move ahead with a chip manufacturing complex in the eastern part of the country, according to people familiar with the matter.</p><p><b><a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a></b>'s unit in Mexico and Central America, known as Walmex, plans to boost spending in the region 27% from last year to total around 27 billion pesos ($1.49 billion) in 2023, it said on Tuesday.</p><p><b><a href=\"https://laohu8.com/S/BA\">Boeing</a></b> on Tuesday said it will begin making the first 13 MH-139A Grey Wolf helicopters for the U.S. Air Force. The company was awarded a $285 million contract for aircraft, sustainment and support services.</p><p><b><a href=\"https://laohu8.com/S/CRWD\">CrowdStrike Holdings, Inc.</a></b>’s sales gained 48% to $637.4 million in Q4, compared with analysts’ average estimate of $624.8 million. Annual recurring revenue of $2.56 billion and new annual recurring revenue of $221.7 million also smashed expectations.</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":"1170116648","content_text":"U.S. stock futures fell slightly Wednesday, a day after comments from Federal Reserve Chairman Jerome Powell’s indicated that interest rates may need to go higher for longer, spurring a broad-based market selloff.Market SnapshotAt 7:40 a.m. ET, Dow e-minis were down 55 points, or 0.17%, S&P 500 e-minis were down 6.75 points, or 0.17%, and Nasdaq 100 e-minis were down 16 points, or 0.13%.Pre-Market MoversCrowdStrike Holdings, Inc. -- Stocks rose over 6% in premarket trading after fourth-quarter adjusted earnings beat analysts’ forecasts and the company issued an outlook for the fiscal first quarter and year also higher than estimates.Stitch Fix Inc. -- Stocks declined 10% after fiscal second-quarter revenue of $412.1 million fell from $516.7 million a year earlier and missed analysts’ expectations.Occidental -- Stocks gained nearly 3% after a filing disclosed that Warren Buffett bought almost 6 million shares of the energy company in recent days, bringing its stake in Occidental to 200.2 million shares worth $12.2 billion.Energy Vault Holdings, Inc. -- Stocks remained flat after the utility-scale energy-storage-product provider reported fourth-quarter sales that topped Wall Street estimates but its revenue outlook for the current fiscal year was below the company’s own guidance.SoundHound AI Inc -- Stocks were down over 10% in premarket trading after reporting a fourth-quarter loss of $30.7 million, wider than a year earlier.WeWork -- Stocks gained over 7% in premarket trading as it was in discussions with investors to restructure more than $3 billion of debt and raise more cash.Troika Media Group Inc. -- Stocks crashed over 42% in premarket trading and tumbled over 55% in 2 days. It reports revenue of $187.91 million for the six months ended FY22, up from $15.34 million a year ago. Operating loss was $(19.36) million, versus $(7.58) million a year ago.INTELLIGENT BIO SOLUTIONS INC -- Stocks crashed over 45% in premarket trading. It said late Tuesday it has begun an underwritten public offering of common shares and warrants.Market NewsChair Jerome Powell said the Federal Reserve is likely to lift interest rates higher and potentially faster than previously anticipated with inflation persisting, an unexpectedly aggressive posture following last month’s step down in the pace of hikes.China's passenger vehicle sales totalled 1.42 million units in February, up 10.4% from a low base in the same period in 2022 when a week-long Lunar New Year holiday reduced business activities, industry association data showed on Wednesday.PayPal said Chief Financial Officer Blake Jorgensen will step down following a leave of absence for health reasons, amid a shuffle of upper management at the online-payments platform.Berkshire Hathaway bought almost 6 million shares of Occidental in recent days, bringing its stake in the big energy company to 200.2 million shares worth $12.2 billion, according to a filing late Tuesday.Intel is seeking an additional 4 billion to 5 billion euros in subsidies from the German government to move ahead with a chip manufacturing complex in the eastern part of the country, according to people familiar with the matter.Wal-Mart's unit in Mexico and Central America, known as Walmex, plans to boost spending in the region 27% from last year to total around 27 billion pesos ($1.49 billion) in 2023, it said on Tuesday.Boeing on Tuesday said it will begin making the first 13 MH-139A Grey Wolf helicopters for the U.S. Air Force. The company was awarded a $285 million contract for aircraft, sustainment and support services.CrowdStrike Holdings, Inc.’s sales gained 48% to $637.4 million in Q4, compared with analysts’ average estimate of $624.8 million. Annual recurring revenue of $2.56 billion and new annual recurring revenue of $221.7 million also smashed expectations.","news_type":1,"symbols_score_info":{"NQmain":0.9,"ESmain":0.9,"YMmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}