Stocks were set for a slightly lower open as a the Delta variant of Covid-19 spreads in several countries and U.S. employment figures beat estimates.
The Delta variant of Covid-19 is spreading in some countries, causing some renewed concern about lockdowns. The spread is particularly fast in Australia, though not in the U.S.
“Today, focus will be on any new developments regarding the latest uptick in COVID-19 cases, fueled by the Delta variant, as well as the first look at the June jobs data via the ADP Employment Report,” writes
founder of Sevens Report Research.
Here are five stocks making moves in Wednesday’s premarket action:
Micron Technology stock (ticker: MU) rose 1.4% after getting upgraded to Outperform from Market Perform at BMO Capital Markets.
Holdings (SPCE) stock fell 4.5% after getting downgraded to Underperform from Buy at Bank of America. This comes after the stock has gained more than 60% in the past month.
(STX) stock rose 0.8% after getting upgraded to Equal Weight from Underweight at Barclays.
(MAS) stock rose 2.5% after getting upgraded to Buy from Neutral at Goldman Sachs.
Bed Bath & Beyond
(BBBY) stock fell 0.2% after reporting a profit of 5 cents a share—missing forecasts for 8 cents a share—on sales of $1.95 billion, above expectations for $1.87 billion.
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