Pre-market US stocks: iQiyi plummeted 11%, Tesla has accumulated a 10% drop this week
$Tesla(TSLA.US$ Yingwei Financial Investing.com - Before the market on Wednesday (14th), US stock index futures rose slightly. Investors waited for the results of the Fed's interest rate meeting. The interest rate hike fell from 75 basis points to 50 basis points. The focus is on when to stop interest rate hikes and interest rate cuts on the future interest rate path, so investors need to pay close attention to Bitmap and the press conference of Federal Reserve Chairman Jerome Powell (Jerome Powell).
On the previous trading day, US stocks closed higher, but declined somewhat from intraday highs. The Dow index rose 0.3%, the S&P 500 rose 0.73%, and the NASDAQ%. The Nasdaq China Golden Dragon Index rose 1.01%.
As of 20:30 Beijing time (08:30 a.m. EST), Yingwei Financial Investing.com's US stock market shows that Dow futures rose 41.5 points or about 0.12% to 34,150.10 points; S&P 500 futures rose 4.4 points, or 0.11%, to 4,024.00 points; and Nasdaq 100 futures rose 9.5 points, or 0.08%, to 11,843.70 points.
Pre-market individual stocks
Microsoft Corporation (NASDAQ: MSFT) rose 0.12%. Microsoft President Brad Smith said on Tuesday that the company has proposed to sign a legally binding consent order with the US Federal Trade Commission (FTC) to provide a ten-year subscription service for the “Call of Duty” game to competitors including Sony. Earlier, Microsoft announced the acquisition of Activision Blizzard (NASDAQ: ATVI) for 68.7 billion US dollars, but some people worry that this acquisition will disrupt the competitive landscape of the game industry.
Delta Air Lines (NYSE: DAL) rose 5.09%. Delta Air Lines expects 2022 revenue of US$45.5 billion to US$45.6 billion, with market expectations of US$45.54 billion; GAAP earnings per share of US$2.12-2.17, adjusted earnings per share of US$3.07-3.12, and market expectations of $2.89. Adjusted earnings per share for 2023 are expected to be $5-6, with market expectations of $4.8; Delta also reiterated its 2024 financial target of over $7 per share.
Vallon Pharmaceuticals Inc. (NASDAQ: VLON) soared 231.24% to $0.8333. Vallon Pharmaceuticals and GRI Bio stated that GRI Bio will merge with Vallon's wholly-owned subsidiary through an all-stock transaction. GRI Bio is a privately held biotechnology company dedicated to developing an innovative circuit of NKT cell modulators for the treatment of inflammation, fibrosis, and autoimmune diseases.
SoFi Technologies (NASDAQ: SOFI) rose 4.06%, and CEO Anthony Noto bought the company's common stock worth 5 million US dollars from December 9 to 13.
Abbott Corporation (NYSE: ABT) China issued a statement confirming that Abbott Nutrition will adjust its business, focus on developing the medical nutrition business, and will gradually stop the operation and sales of infant and child nutrition products in mainland China.
Tesla (NASDAQ: TSLA) declined again, falling 0.35% to $160.39. It had previously plummeted for two consecutive days, falling 6.27% and 4.09% respectively. This week's cumulative decline was 10.11%, and it fell 7 days in the first 8 trading days.
Apple (NASDAQ: AAPL) and other FAANG companies rose slightly before the market, with increases of less than 1%.
China-Generated Shares
China Securities has been consolidated rampant, and the China Securities Internet ETF KraneShares CSI China Internet (NYSE: KWEB) rose 0.06%.
NASDAQ: TOUR (NASDAQ: TOUR) fell 0.55% to 1.81 US dollars. Previously, Tuniu once again met the minimum stock price requirement for the NASDAQ listing, that is, the stock price reached $1.00 or higher per ADS for 10 consecutive trading days.
However, due to changes in iQiyi (NASDAQ: IQ), it plummeted 11.17% before the market.
On the previous trading day, US stocks closed higher, but declined somewhat from intraday highs. The Dow index rose 0.3%, the S&P 500 rose 0.73%, and the NASDAQ%. The Nasdaq China Golden Dragon Index rose 1.01%.
As of 20:30 Beijing time (08:30 a.m. EST), Yingwei Financial Investing.com's US stock market shows that Dow futures rose 41.5 points or about 0.12% to 34,150.10 points; S&P 500 futures rose 4.4 points, or 0.11%, to 4,024.00 points; and Nasdaq 100 futures rose 9.5 points, or 0.08%, to 11,843.70 points.
Pre-market individual stocks
Microsoft Corporation (NASDAQ: MSFT) rose 0.12%. Microsoft President Brad Smith said on Tuesday that the company has proposed to sign a legally binding consent order with the US Federal Trade Commission (FTC) to provide a ten-year subscription service for the “Call of Duty” game to competitors including Sony. Earlier, Microsoft announced the acquisition of Activision Blizzard (NASDAQ: ATVI) for 68.7 billion US dollars, but some people worry that this acquisition will disrupt the competitive landscape of the game industry.
Delta Air Lines (NYSE: DAL) rose 5.09%. Delta Air Lines expects 2022 revenue of US$45.5 billion to US$45.6 billion, with market expectations of US$45.54 billion; GAAP earnings per share of US$2.12-2.17, adjusted earnings per share of US$3.07-3.12, and market expectations of $2.89. Adjusted earnings per share for 2023 are expected to be $5-6, with market expectations of $4.8; Delta also reiterated its 2024 financial target of over $7 per share.
Vallon Pharmaceuticals Inc. (NASDAQ: VLON) soared 231.24% to $0.8333. Vallon Pharmaceuticals and GRI Bio stated that GRI Bio will merge with Vallon's wholly-owned subsidiary through an all-stock transaction. GRI Bio is a privately held biotechnology company dedicated to developing an innovative circuit of NKT cell modulators for the treatment of inflammation, fibrosis, and autoimmune diseases.
SoFi Technologies (NASDAQ: SOFI) rose 4.06%, and CEO Anthony Noto bought the company's common stock worth 5 million US dollars from December 9 to 13.
Abbott Corporation (NYSE: ABT) China issued a statement confirming that Abbott Nutrition will adjust its business, focus on developing the medical nutrition business, and will gradually stop the operation and sales of infant and child nutrition products in mainland China.
Tesla (NASDAQ: TSLA) declined again, falling 0.35% to $160.39. It had previously plummeted for two consecutive days, falling 6.27% and 4.09% respectively. This week's cumulative decline was 10.11%, and it fell 7 days in the first 8 trading days.
Apple (NASDAQ: AAPL) and other FAANG companies rose slightly before the market, with increases of less than 1%.
China-Generated Shares
China Securities has been consolidated rampant, and the China Securities Internet ETF KraneShares CSI China Internet (NYSE: KWEB) rose 0.06%.
NASDAQ: TOUR (NASDAQ: TOUR) fell 0.55% to 1.81 US dollars. Previously, Tuniu once again met the minimum stock price requirement for the NASDAQ listing, that is, the stock price reached $1.00 or higher per ADS for 10 consecutive trading days.
However, due to changes in iQiyi (NASDAQ: IQ), it plummeted 11.17% before the market.
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