Lowe's reports second-quarter earnings that top analysts' estimates, Zoom Video's quarterly earnings and revenue are better than analysts' expectations,...
Stock futures traded higher Tuesday following a rally in tech shares that put an end to four-session losing streaks for the S&P 500 and Nasdaq Composite. Treasuries steadied Tuesday after the yield on the 10-year Treasury reached its highest level since November 2007 on Monday.Lowe’s reported second-quarter earnings of $4.56 a share, beating Wall Street forecasts of $4.47 a share. Comparable-store sales fell 1.6% in quarter, narrower than the 2.6% drop expected by analysts.
Tesla was rising 3.5% in premarket trading after closing 7.3% higher on Tuesday and snapping a losing streak of six consecutive days. Lifting the stock was a note from Baird analyst Ben Kallo, who put the electric-vehicle maker on its list of “best ideas” following second-quarter earnings. Kallo sees several catalysts ahead in the coming months for Tesla.
U.S.-listed shares of Baidu were rising 4.2% in premarket trading after the Chinese tech giant reported quarterly earnings that beat analysts’ expectations.
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