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Stock futures were little changed after major Wall Street indexes snapped a three-day losing streak. Here’s what we’re watching in Wednesday’s trading:
- BlackBerry BB 4.17% slipped 1.2% ahead of the bell. The Canada-based security software provider posted better-than-expected revenue, but sales fell from a year earlier.
- Cassava Sciences SAVA 18.77% added 1.4% premarket. The drug developer said Tuesday it was told by Neuroscience, an academic journal, that there was no evidence to support claims of data manipulation in a 2005 paper written by the company and its collaborators.
- Tesla TSLA 4.29% was a bright spot in premarket trading, adding 2.8%. Other electric-vehicle makers weren’t so lucky. Rivian RIVN 7.60% shed 0.4%, Lordstown Motors RIDE 4.03% slipped 0.8% and China’s Nio NIO 7.10% ticked down 0.3%.
A Tesla Model 3, at center, flanked by two Model Y vehicles that are used by a Tesla dealership as test-drive vehicles, Feb. 8, 2021.
Photo: michael reynolds/Shutterstock
- U.S.-traded shares of Novartis NVS 0.75% ticked down 0.7%. The Swiss pharmaceutical company said Wednesday that it has entered into an agreement to buy U.K.-based ocular gene therapy company Gyroscope Therapeutics.
- CarMax, KMX 3.98% Cintas CTAS 1.59% and Paychex PAYX 2.12% are among the companies reporting earnings on Wednesday.
Chart of the Day
- Americans are paying more than ever to stash their extra stuff and filling space rapidly, lifting storage stocks.
Write to James Willhite at [email protected]
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Source: WSJ
