US Stock Futures Rise as Snowflake Announces $2 Billion Private Placement

US stock futures showed positive signs this morning, with the Nasdaq futures leading the charge. However, Snowflake Inc. saw its shares dip in pre-market trading following the announcement of a $2 billion private placement of convertible notes. Other notable pre-market losses included Light & Wonder, Hawaiian Electric Industries, Uxin Limited, argenx SE, Universal Stainless & Alloy Products, and Grifols.

U.S. Stock Futures Drop as Core & Main Misses Earnings Estimates

U.S. stock futures declined this morning, with the Nasdaq futures dipping over 100 points. Core & Main Inc’s disappointing second-quarter results and lowered guidance led to a sharp drop in its shares. Other stocks experiencing pre-market losses include Zscaler, Ascendis Pharma, Asana, Rev Group, PagerDuty, Dollar Tree, America’s Car-Mart, and Hormel Foods.

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