Text size
Stock futures were pointing to slightly higher start for Wall Street on Friday.
Dreamstime
Stock futures edged higher Friday, with the
Dow Jones Industrial Average
coming off its ninth-straight day of gains—its longest winning streak since 2017—and the
Nasdaq Composite
slumping more than 2% after a post-earnings selloff of
Tesla
shares.
These stocks were poised to make moves Friday:
Tesla
(TSLA) was rising 1.9% in premarket trading after slumping 9.7% on Thursday following the electric-vehicle maker’s second-quarter earnings report that revealed a continued decline in profit margins on steep price cuts.
Intuitive Surgical
(ISRG) fell 4.6% in premarket trading after the maker of robotic surgical systems posted second-quarter adjusted earnings that missed analysts’ estimates.
Railroad operator
CSX
(
CSX
) reported second-quarter revenue of $3.69 billion, down 3% from a year earlier and below Wall Street forecasts. The company cited lower fuel and coal prices among the reasons for the shortfall. The stock fell 4.9%.
Knight-Swift Transportation
(KNX), the largest North American truckload carrier, reported a 21% decline in second-quarter revenue on weaker demand for its truckload businesses. Knight-Swift shares declined 1.1% in premarket trading.
Carvana
(CVNA) was falling 0.9% in premarket…
..
