Futures are edging up after the Nasdaq Composite reached its 33rd record close of the year. Here’s what we’re watching ahead of Thursday’s open.
- Bitcoin is up 3.5% from its 5 p.m. ET level on Wednesday, bringing it close to $50,000, and companies in the crypto universe were also ticking higher. Trading platform Coinbase Global added 2.5% premarket, and bitcoin miner Marathon Digital gained 5.1%.
- Shares of the online pet-products retailer Chewy fell 9.4% premarket after revenue in the latest quarter and its third-quarter guidance came in slightly below analysts’ expectations for both.
- Virgin Galactic shed 1.3%. Aviation regulators are investigating how the spacecraft returned to the ground after taking billionaire entrepreneur Richard Branson to the edge of space.
- Quanta Services surged 13% premarket. The energy infrastructure company is acquiring Blattner, a utility-scale renewable energy infrastructure provider, for $2.7 billion in stock and cash.
- Hill-rom added 4.1%. Baxter International is buying the medical-technology company for $156 a share, a premium over Hill-rom’s Wednesday’s $145.06 closing price.
- Shares of American Eagle Outfitters dropped more than 11% premarket. The clothing retailer’s revenue was lower than expected for the company’s second quarter, though adjusted earnings beat analysts’ consensus estimate.
- Home retailer Kirkland’s soared 14% premarket. Its earnings report showed an increase in same-store sales and it authorized a new share-repurchase plan.
- Smith & Wesson Brands dropped 5.6% premarket, though the gun maker’s profit rose in its first quarter amid strong demand for its firearm even as the company cut its costs.
- Five Below was trading 6% below its Wednesday closing price. The youth-focused retailer’s earnings more than doubled but sales came in a little short of expectations.
- Hewlett Packard Enterprise , Broadcom , Tilly’s and DocuSign will provide earnings updates after the close.
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- Bitcoin’s recent lull can be attributed to investor interest in other corners of the crypto market—including Ethereum and NFTs.