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US stocks rose slightly in pre-trade, as investors worried about rising tensions between the US and China, as well as cases of coronaviruses continuing to rise in what appears to be a stereotypical summer. on Friday.
Dow Jones Industrial Average futures were up 75 points, or 0.3%. S&P 500 and Nasdaq Composite futures increased 0.4% and 0.9%. However, due to how futures work, it appears that the S&P 500 will open 0.2%, while the Dow could open 0.3% and the Nasdaq flat.
Oil fell slightly on demand concerns. The price of WTI crude dropped 0.5% to $ 40.53 per barrel, while Brent crude fell 0.7% to $ 43.08 per barrel.
Netflix (NFLX) shares were down 8.6% pre-market as video streaming service expectations for subscriber growth fell short of analyst expectations. Netflix added 10 million subscribers in the last quarter and expects to add 2.5 million in the current quarter, well below analyst expectations.
Twitter shares (TWTR) fell 0.7% after revealing that 130 accounts were the subject of a security breach earlier this week in which the accounts of prominent people such as Tesla (TSLA) CEO Elon Musk , Amazon CEO (AMZN) Jeff Bezos and presidential candidate Joe Biden were engaged
Cruise lines were hit in premarket trades after the Centers for Disease Control and Prevention issued an order not to sail until September. Carnival (CCL) shares fell 1.7%, Norwegian Cruise Line (NCLH) shares fell 1.8% and Royal Caribbean Cruises (RCL) shares fell 2.8%.
Nio (NIO) is down 4.7% after Goldman Sachs cut Chinese electric vehicle maker to sell from neutral.
Write to Carleton English at [email protected]
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