U.S. stock futures edged down and government bond yields rose!
As a consequence that the Federal Reserve official signaled that there are more interest-rate increases ahead, despite inflation softening.
Tweet on trending stock on the market
￼Disney shares edged up 0.3% premarket.
Tesla: shares slipped 1.3%.
Crypto wallet provider,Coinbase down premarket,reflecting continued anxiety across the sector
The FAANG stocks modestly lower in premarket trading#StockMarket pic.twitter.com/F93t3xtZna
— The_Journalbiz (@the_journalbiz) November 14, 2022
Factset Chart on moving stocks
Futures tied to the S&P 500 slipped 0.2%, pointing to the broad-market index reversing direction after a two-day rally.
It gained 5.9% last week. Nasdaq-100 futures declined 0.4%, suggesting moderate losses for technology stocks.
here are the latest;
Disney: Chief Executive Bob Chapek announced company-wide cost-cutting measures and told division leaders that layoffs are likely. Meanwhile “Black Panther: Wakanda Forever” set a record in ticket sales for a November open. Disney shares edged up 0.3% premarket.
Tesla: CEO Elon Musk said that he has too much work to juggle after the Twitter takeover and that he was running Tesla’s operations “with great difficulty.” Tesla shares slipped 1.3%.
Tyson Foods: The meat giant said earnings fell sharply in the recent quarter with profit from its beef business down by nearly two-thirds, Tyson shares added 1.9% premarket.
Crypto wallet provider Coinbase and crypto miner Marathon were both ticking down premarket, reflecting continued anxiety across the sector, even as the price of bitcoin nudged up.
The FAANG stocks were modestly lower in premarket trading after last week’s technology-led surge on Wall Street, with the exception of Netflix, which added 0.1%.
*BuzzFeed is among the companies reporting earnings Monday.