| Stocks set to fall after Tuesday's turnaround on Wall Street | | |  | WED, FEB 24, 2021 | | | | AS OF WED, FEB 24, 2021 • 08:59 ET | | Dow Jones Fut | | 31,537.35 | | Current: | 31,415.00 | | Change: | -77.00 | | Impl. Open: | -67.35 | | | S&P 500 Fut | | 3,881.37 | | Current: | 3,865.25 | | Change: | -12.75 | | Impl. Open: | -12.12 | | | NASDAQ 100 Fut | | 13,194.71 | | Current: | 13,067.75 | | Change: | -124.25 | | Impl. Open: | -121.96 | | | Russell 2000 Mini | | 2,231.31 | | Current: | 2,235.40 | | Change: | 4.20 | | Impl. Open: | 7.29 | | | Lowe's shares rose 2% in premarket trading after the home improvement retailer said Wednesday its fourth-quarter same-store sales climbed 28% as consumers spent more on home projects during Covid. Adjusted quarterly earnings of $1.33 per share on revenue of $20.31 billion beat expectations. (CNBC) | | Bitcoin climbed back above the $50,000 on Wednesday, after a big sell-off earlier this week. Bitcoin is up more than 70% year to date and over 400% in the last 12 months. Square (SQ) said Tuesday it bought $170 million worth of bitcoin. The fintech firm run by Twitter CEO Jack Dorsey bought $50 million worth of the world's biggest cryptocurrency last year. (CNBC) | | | | The FDA's staff endorsed Johnson & Johnson's Covid-19 vaccine for emergency use, a critical step in bringing a third shot to the U.S. marketplace. The staff report is meant to brief the FDA's Vaccines and Related Biological Products Advisory Committee, which will meet Friday to review J&J's request for emergency use authorization. (CNBC) | | | | The FAA has ordered immediate inspections of Boeing (BA) 777-200 planes with Pratt & Whitney PW4000 engines before further flights after an engine failed on a United (UAL) flight on Saturday. United had temporarily grounded its fleet before the FAA announcement. Boeing said it supported the FAA's latest inspection guidance. (Reuters) | | | | President Joe Biden is preparing to sign an executive order to review U.S. supply chains for large-capacity batteries, pharmaceuticals, critical minerals and semiconductors that power cars, phones, military equipment and other goods. (AP) | | | | A luxury SUV driven by Tiger Woods crashed and rolled over Tuesday morning in southern California, leaving the golf superstar with serious injuries. Woods is "awake, responsive, and recovering in his hospital room" after undergoing emergency surgery, according to a statement posted on his Twitter account. Last month, Woods revealed he had "recently" undergone another back surgery. (CNBC) | | Casper Sleep (CSPR): Casper Sleep lost 37 cents per share for its latest quarter, 2 cents a share more than analysts had been anticipating. The mattress retailer reported better-than-expected revenue, however, and its shares rose 4.6% in the premarket. | | | | Six Flags (SIX): The theme park operator lost $1 per share for its latest quarter, more than the 89 cents a share loss that analysts had been anticipating. Revenue was well above estimates as was spending per guest. Six Flags said it is focusing on opening all its parks for the 2021 season, and it expects meaningful profit growth once the operating environment becomes more normal. | | | | ODP Inc. (ODP): The parent of Office Depot's shares rose 1.1% gain in premarket action, despite falling short on the bottom line in its latest quarterly report. ODP earned 55 cents per share, compared to a consensus estimate of 83 cents a share, but revenue was slightly above analysts' forecasts. | | | | Bausch Health (BHC): The pharmaceutical and medical products maker announced an agreement with investor Carl Icahn, adding Icahn Capital's Brett Icahn and Steven Miller to the board of directors. Icahn owns 7.83% of Bausch Health. | | | | Toll Brothers (TOL): Toll Brothers earned 76 cents per share for its latest quarter, compared to a consensus estimate of 47 cents a share. The luxury home builder's revenue came in above forecasts as well. Toll Brothers also raised guidance for a variety of key metrics, with demand strong and housing inventories tight, and its shares rose 1.4% premarket. | | | | Intuit (INTU): Intuit shares dropped 2.3% premarket after it came in 23 cents a share short of estimates, with quarterly profit of 68 cents per share. The financial software maker's revenue also fell shy of Street projections. The company behind TurboTax and QuickBooks predicted an upbeat current quarter, which includes tax filing season. | | Everton soccer club's ambitious project to build a stadium on Liverpool's waterfront is one step closer to becoming a reality after its planning application was unanimously approved by the local authority. The vision for the English Premier League team's new home incorporates a range of features and technologies focused on energy efficiency and the environment. (CNBC) | | |
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