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The major U.S. stock indexes were down around midday Tuesday!
While investors continued to weigh the future path of interest rates.
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NRG Energy: shares shed more than 8% premarket, while Vivint's stock gained 32%
GitLab: 17% higher premarket
PepsiCo: laying off workers at the HQ
Meta Platforms: stocks down4% premarital
Sumo Logic: shares jumped more than 9% premarket#markets #stocks pic.twitter.com/dEmaMbaiOM— The_Journalbiz (@the_journalbiz) December 6, 2022
Factset chart on nasdaq
Futures for the S&P 500, the Dow industrials and the Nasdaq-100 stood between flat and 0.1% lower. Stronger-than-expected economic data Monday raised fears that the Federal Reserve will keep interest rates higher for longer.
Oil prices fell again, after tumbling alongside equity markets Monday. Brent crude oil, the international oil benchmark, dropped 1.3% to $81.61 a barrel.
NRG Energy: The company’s stock dropped, on news it had agreed to buy Vivint Smart Home for $2.8 billion in cash. NRG shares shed more than 8% premarket, while Vivint’s stock gained 32%.
GitLab: The company, which sells tools for software developers, reported better-than-expected revenue and lifted its 2023 guidance. Its shares shot nearly 17% higher premarket.
PepsiCo: The drinks giant is laying off workers at the headquarters of its North American snacks and beverages divisions, according to people familiar with the matter and documents reviewed by The Wall Street Journal.
Meta Platforms: The company is threatening to remove news from Facebook if Congress passes legislation meant to help publishers team up to negotiate payments. Meanwhile, Meta’s oversight board criticized its VIP Facebook and Instagram services Tuesday.
Sumo Logic: The software-as-a-service provider reported results that beat expectations and gave upbeat forecasts for the fourth quarter and full year. Its shares jumped more than 9% premarket.
