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
  • Who else needs to know?

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