Bitcoin, Bed Bath & Beyond, Walgreens, Exxon: What to Watch When the Stock Market Opens Today
- Date: 06-Jan-2022
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Middle East
Bitcoin, Bed Bath & Beyond, Walgreens, Exxon: What to Watch When the Stock Market Opens Today
Stock futures are mixed after Thursday’s technology-driven rout, with Dow futures up and tech shares on course for further losses. Here’s what we’re watching in Thursday’s trading.
Walgreens Boots Alliance, Bed Bath & Beyond and Conagra Brands are among the companies reporting earnings Thursday.
Bitcoin is extending its slump, but crypto stocks aren’t being uniformly dragged down with it. Bitcoin miners Marathon Digital fell 1.4% premarket and Hut 8 Mining slid 3.1%, but bitcoin wallet provider Coinbase added 0.9% and Bakkt Holdings gained 1.9%. In a crypto rout, perhaps its better to make your money trading the stuff than spending money on digging it up.
Datadog shares added 2.1% ahead of the bell on an otherwise bad day for tech shares, albeit in low-volume trading. The cloud security company said it had entered a partnership with Amazon Web Services on product development.
Akamai Technologies shares dropped 2.1% premarket after Piper Sandler cut its rating on the stock and lowered its price target.
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