Daily Stock Market News

AMC, Alphabet, AT&T, Moderna: What to Watch When the Stock Market Opens Today


U.S. stock futures and Treasury yields wavered, as investors awaited manufacturing data and earnings from big-name companies. Here’s what we’re following:

Google-parent Alphabet’s quarterly results are due after the close.



Photo:

ben stansall/Agence France-Presse/Getty Images

  • AT&T


    T 1.15%

    said it would roughly halve its dividend payout and divest its WarnerMedia division through a spinoff that will give shareholders 0.24 shares for each AT&T share they own. Shares fell 5.6% before the bell.

  • Tesla


    TSLA 10.68%

    added 0.6%. The firm is recalling almost 54,000 cars in the U.S. because of a feature of the company’s Full Self-Driving software that could let cars roll through stop signs at intersections without coming to a complete stop.

  • United Parcel Service


    UPS 2.00%

    rose 7.6% ahead of the bell. The company topped analyst estimates for quarterly profit and revenue, and raised its dividend. Shares of fellow transportation firm

    FedEx


    FDX 0.44%

    gained 2.3%.

  • Cabot


    CBT -1.13%

    slipped 0.4% after the chemicals company reported earnings and raised its 2022 guidance.

  • Moderna


    MRNA 6.18%

    rose 3.1% premarket. The Food and Drug Administration on Monday gave its full approval to the company’s Covid-19 vaccine, branded Spikevax, for use in adults 18 and older.

  • Sony’s


    SONY 4.51%

    U.S.-listed shares rose 1% premarket after the company’s videogame unit said it is buying videogame developer Bungie, the studio that created the Halo and Destiny franchises. The deal is valued at $3.6 billion.

  • Nvidia,


    NVDA 7.21%

    one of the best-performing stocks in 2021 and a laggard so far in 2022, rose 3.1% in brisk premarket trading. Earnings are due from fellow chip company

    Advanced Micro Devices


    AMD 8.56%

    —which added 2.8%—after markets close.

Chart of the Day
  • Yields on longer-term U.S. government bonds have shown signs of stabilizing in recent days, easing the pressure generated on stocks by their rapid early-year climb.

Write to Joe Wallace at joe.wallace@wsj.com

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Read More: AMC, Alphabet, AT&T, Moderna: What to Watch When the Stock Market Opens Today

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