During Market hours Yesterday (Wednesday – 01.12.2021):

  • The Dow (Symbol: DIA) fell 1.29%. The S&P 500 (Symbol: SPY) went down 1.11% and the Nasdaq (Symbol: QQQ) dropped 1.70%.
  • Allbirds (Symbol: BIRD) — Allbirds shares sunk more than 16% after the shoe maker’s losses grew in the third quarter, even as its revenue rose from last year. The quarterly earnings report was Allbirds’ first as a public company.
  • Vertex Pharmaceuticals (Symbol: VRTX) — Vertex shares rose more than 9% after the biotech company announced positive results from a study of its its VX-147 drug candidate in a severe genetic kidney disorder and said it plans to advance it into pivotal development.
  • Moderna (Symbol: MRNA) — Shares of the drugmaker tumbled 11.8% after the company appealed a patent ruling related to a competitor Arbutus Pharma’s drug-delivery technology and lost. Arbutus (Symbol: ABUS) shares soared 44%.
  • Salesforce (Symbol: CRM) — The software giant’s shares dropped 11.7% on the back of mixed fourth-quarter guidance, which overshadowed better-than-expected results for the third quarter.
  • Box (Symbol: BOX) — Cloud services company Box saw its shares jump 10% following its quarterly financial results. Box posted earnings of 22 cents per share on revenue of $224 million versus the Refinitv estimates of 21 cents per share on revenue of $218.5 million.
  • Ambarella (Symbol: AMBA) — The semiconductor company’s shares jumped 14% after a better-than-expected quarterly report. Ambarella recorded a profit of 57 cents per share, beating a Refinitiv estimate by 8 cents. Revenue came in at $92.2 million versus the $90.3 million expected.

During Premarket hours today (Thursday – 02.12.2021):

U.S. weekly jobless claims total 222,000, vs 240,000 estimate

  • Snowflake (Symbol: SNOW) — The cloud data company’s shares jumped more than 13% after the company reported quarterly results that beat revenue estimates. Snowflake also reported sales of $334 million during the third quarter, which exceeded the $306 million expected by analysts surveyed by Refinitiv.
  • Apple (Symbol: AAPL) — Shares of Apple fell 3% after the company told some of its suppliers there could be slowing demand for iPhone 13 models, according to a report by Bloomberg. It previously expected the reduction in its initial production goal to be made up in 2022 but said that may not materialize now.
  • Five Below (Symbol: FIVE) — The retailer’s shares gained more than 9% after reporting quarterly results that beat on both earnings and revenue. It also reported an increase in comparable-store sales of 14.8%, smashing the estimates of 5.3%, according to Refinitiv.
  • Okta (Symbol: OKTA) — Shares of the identity company added 2.5% following the company’s quarterly results. Okta brought in a quarterly loss of 7 cents per share, which is narrower than the 24 cents per share loss estimated by analysts. It also beat revenue estimates and issued fourth-quarter guidance above estimates.

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