Traders and financial professionals on the floor of the New York Stock Exchange on December 27, 2018.
Drew Angerer | Getty Images
This is a live blog. Check back for updates.
8:47 am: Futures hit their lows following Clarida comments
Stock futures fell to their lows of the day after Federal Reserve Vice Chairman Richard Clarida told CNBC's Steve Liesman that traders expecting a rate cut could be off. "Market pricing on rate cuts is a little tricky," Clarida said, noting that he prefers to look at economists' forecasts over futures markets on Fed rates. Clarida noted the majority of economists do not expect a rate easing soon from the Fed. Fed futures are pricing in about a 50% chance of a rate easing by the Fed through June, according to the CME Group's FedWatch tool. Dow futures were last down 90 points after being down around 40 points before the Clarida interview.
8:39 am: Here are the biggest calls on Wall Street on Thursday
8:29 am: Virgin Galactic 'overdue' for correction, Morgan Stanley says
Shares of Virgin Galactic vaulted 310% in the past three months and Morgan Stanley says the space tourism stock is due for "a bit of a breather here." The firm added that "a modest correction is overdue, and frankly, healthy, in our opinion." Despite the warning, Virgin Galactic shares rose 2% in premarket trading. —Sheetz
8:25 am: Domino's Pizza surges after earnings
Shares of Domino's Pizza rose more than 17% during Thursday's premarket trading after the company reported fourth quarter earnings that topped analyst expectations. For the quarter the company earned $3.13 per share, compared to consensus estimates of $2.98 per share, according to FactSet. Revenue came it at $1.15 billion, exceeding the expected $1.12 billion. —Stevens
8:22 am: Zillow Group jumps 14% as revenue beats estimates
Shares of Zillow Group gained more than 14% ahead of Thursday's open after the company reported revenue of $944 million for the fourth quarter. According to estimates from FactSet, analysts had been calling for $814.6 million in sales. In the same quarter a year earlier, the company reported $365.3 million in revenue. As the online real estate company moves into buying and selling homes, the company said it earned $603 million in its homes segment. —Stevens
8:19 am: L Brands slides 14% as Sycamore Partners says it will acquire majority stake in Victoria's Secret
8:15 am: Morgan Stanley to acquire E-Trade for $13 billion
Morgan Stanley has agreed to buy E-Trade in a $13 billion all-stock deal, the companies said on Thursday. The investment bank will pay $58.74 a share in stock for E-Trade, and the deal is expected to close in the fourth quarter of 2020. The takeover is set to bring together $3.1 trillion in client assets. Morgan Stanley shares fell more than 4% in premarket trading. E-Trade shares jumped about 23% to $55.16. —Li
8:11 am: Stock futures fall, S&P 500 and Nasdaq to slip from record highs
Stock futures are falling on Thursday as Wall Street is set to take a breather following a record-setting session. S&P 500 and Nasdaq 100 futures both indicate declines of 0.2% at the open. Dow Jones Industrial Average futures were down 43 points. The S&P 500 and Nasdaq hit record highs in the previous session, led by a rally in tech shares. However, lingering worries over the coronavirus tempered sentiment on Thursday. —Imbert
With reporting by Michael Sheetz and Michael Bloom.
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https://www.cnbc.com/2020/02/20/stock-market-today-live.html
2020-02-20 13:11:00Z
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