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Before the Bell | Pinterest stock soars after results milestones

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Moomoo Breakfast US wrote a column · Feb 4, 2022 05:26
By Julianna
Hey, mooers! Here are things you need to know before the opening bell:

- Stock futures turned mixed in early morning trading Friday as investors digested a slew of corporate earnings reports after the Nasdaq Composite posted its worst day in more than a year.

- $Pinterest(PINS.US)$ stock surged in extended trading Thursday after it reported a couple of firsts: a full-year profit and more than $2 billion in annual revenue.
Market Snapshot
Futures on the $Dow Jones Industrial Average(.DJI.US)$ fell 137 points. $S&P 500 Index(.SPX.US)$ futures were flat, and $Nasdaq Composite Index(.IXIC.US)$ futures gained 95 points.
Source: Bloomberg
Source: Bloomberg
Market Temperature
Before the Bell | Pinterest stock soars after results milestones
Top News
Stock futures rise after tech selloff
U.S. stock futures gained, boosted by a jump in Amazon and Snap shares in premarket trading, after a volatile session marked by a selloff in technology stocks.
German factory orders top forecasts
German manufacturing orders rose 2.8% in December, beating expectations, even as supply-chain disruptions continued, with domestic orders showing a strong increase.
Oil frackers brace for end of the U.S. shale boom
Companies have tapped many of their best wells. The limited inventory leaves the industry with little choice but to hold back growth, even amid the highest oil prices in years.
U.S. Covid-19 hospitalizations continue tracking downward
The seven-day average of patients with confirmed or suspected cases eased to 134,000, down 16% from a Jan. 20 high, according to data from the Department of Health and Human Services.
App-store bill targeting Apple, Google is approved by Senate panel
Tech giants have objected to the measure, which would set new rules aimed at ensuring more competition on their consumer-app platforms. $Apple(AAPL.US)$ $Alphabet-C(GOOG.US)$
Businesses grow at slowest pace in 11 months during omicron wave, ISM services survey finds
A barometer of U.S. business conditions at service-style companies such as restaurants and retailers slid 2.4 points in January to a 11-month low of 59.9%, ISM said Thursday, during a record coronavirus outbreak that sapped the economy.
Pinterest stock soars after results milestones
$Pinterest(PINS.US)$ stock surged in extended trading Thursday after it reported a couple of firsts: a full-year profit and more than $2 billion in annual revenue.
News Corp sales rise on real estate, book publishing, media gains
The publisher of The Wall Street Journal reported a 13% increase in revenue as digital subscriptions grew. $News Corp-A(NWSA.US)$
Chinese EV makers rise after upbeat January deliveries
Shares of Chinese electric-vehicle makers jumped in Hong Kong as trading resumed after the Lunar New Year holiday, following upbeat January deliveries data. $BYD ELECTRONIC(00285.HK)$ $XPENG-W(09868.HK)$ $LI AUTO-W(02015.HK)$
Southwest to bring alcohol back on flights, citing customer demand
$Southwest Airlines(LUV.US)$'s flight attendants say the move increases the risk of cabin confrontations.
Ford posts $17.9 billion in full-year net income, gives upbeat outlook
The U.S. auto maker's results benefited from several special items, including an $8.2 billion gain on its investment in startup $Rivian Automotive(RIVN.US)$. $Ford Motor(F.US)$
Sanofi sees double-digit earnings growth in 2022
$Sanofi(SNY.US)$ forecast low double-digit growth for its business EPS this year, after posting a higher net profit of EUR1.1 billion in the fourth quarter but below-forecast sales.
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Key Events This Week
Before the Bell | Pinterest stock soars after results milestones
Before the Bell | Pinterest stock soars after results milestones
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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