Stock futures rose Tuesday after two days of losses following hawkish comments from Federal Reserve Chairman Jerome Powell at the Jackson Hole economic conference last Friday.
Dow Jones Industrial Average
futures climbed 0.7%. Futures for the
were up 0.8%, and
futures rose 1.1%.
These are some of the stocks making notable moves in premarket trading Tuesday.
shares climbed 1.8% while
shares were down 1.2%.
Best Buy (ticker: BBY) shares climbed 2.8% after the electronics retailer posted earnings and revenue for its fiscal second quarter that beat Wall Street estimates. The company also maintained full-year guidance that it provided in July.
Bed Bath & Beyond
(BBBY) will provide a business and strategic update to investors Wednesday before the markets open. The update could include information on the company’s balance sheet as well as the reported $400 million loan from asset manager Sixth Street Partners. The stock was 10.7% higher early Tuesday.
American depositary receipts of
(BIG) posted a narrower loss than analysts expected for its second quarter and revenue higher that what Wall Street anticipated. Shares of the furniture retailer were up 2.3%.
The price of
the worlds largest cryptocurrency, rose to $20,383 Tuesday, boosting crypto-related stocks.
(COIN) was up 3.4%,
Marathon Digital Holdings
(MARA) rose 3.5% and
(MSTR) gained 2.6%.
(GPS) climbed 3.7% after Barclays upgraded its rating on the retailer to Equal Weight from Underweight.
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