SoFi Technologies, AMC, Salesforce, Snowflake: What to Watch When the Stock Market Opens Today
- Date: 02-Mar-2022
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Gulf
SoFi Technologies, AMC, Salesforce, Snowflake: What to Watch When the Stock Market Opens Today
Stock futures are up as the crisis in Ukraine continues to unfold (live coverage), with crude prices hovering near $110 a barrel.
Shares of SoFi Technologies climbed 12% premarket after the financial services provider reported better-than-expected revenue in the fourth quarter and raised its guidance for 2022.
Shares of crude producers were broadly higher premarket as oil prices extended their recent gains. Exxon Mobil , ConocoPhillips , Occidental Petroleum . Exxon said it is halting operations at a multibillion-dollar oil and gas project in Russia and will make no further investments in the country.
Shares of one-time meme stock AMC Entertainment slipped 1.5% premarket, though the theater chain reported a better-than-expected profitability metric for the latest quarter as it welcomed back moviegoers.
Salesforce . com added 3.8% of the bell. The business software provider logged higher revenue in the fourth quarter and raised its annual sales outlook.
Dollar Tree and Abercrombie & Fitch are due to report results before the open.
Abbott Laboratories gained 1.2% premarket. The company added another lot of