Dow Jones futures were little changed early Wednesday, while S&P 500 futures and Nasdaq futures fell slightly. Treasury yields continued to rise ahead of a key inflation report. Meanwhile, crude oil prices dipped as the White House called on OPEC+ to boost production.
The stock market rally had a mixed session Tuesday, as Micron Technology
) and chips led a growth retreat. But the Dow Jones and S&P 500 hit all-time highs, with steel, financial, retail and housing-related stocks faring well as the Senate passed a bipartisan infrastructure bill.
Cryptocurrency exchange Coinbase
), gaming development software Unity Software
), AI lending platform Upstart Holdings
), online food ordering play Olo
), sports streaming and would-be-gambling operator FuboTV
), Covid vaccine component supplier Maravai LifeSciences
) were just some of the recent IPOs reporting earnings late Tuesday.
Coinbase stock, Unity, Upstart, FuboTV, Oolo and Maravai all beat views. UPST stock surged nearly 20% up the right side of a base, signaling a definitive clearing of resistance from the past several weeks. Fubo soared overnight after closing just above its 50-day and 200-day lines. MRVI stock rose sharply after pulling back from recent highs.
Unity stock was little changed, not far from a bottoming base buy point
. COIN stock rose modestly before the open, after guiding crypto trading volume lower
. Olo stock rose slightly in premarket trading, reversing late Tuesday losses.
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