US stock futures were sliding on Thursday as the end of the longest government shutdown in U.S. history failed to boost markets.
These stocks were poised to make moves:
Cisco Systems shares jumped 6.5% after the networking company reported better-than-expected quarterly earnings and revenue late Wednesday. Cisco also provided a strong financial forecast. For the current quarter, it expects earnings of between $1.01 and $1.03 a share, above analysts' estimates.
JD.com's American depositary receipts jumped 3.1% after the Chinese ecommerce giant reported better-than-expected revenue and net income. Revenue for JD's retail unit climbed 11% from a year ago to 250.6 billion yuan ($35.2 billion), easing fears that deflation and stagnant consumer spending in China may have weighed on sales.
Firefly Aerospace’s stock surged 25.5% on Wednesday after the space technology company issued better-than-expected third-quarter results and lifted its guidance.
Memory-chip stocks were sliding in premarket trading. Micron Technology slipped 1.5%, Sandisk dropped 3.7%, and Western Digital was down 2.8%. The selloff came after Japanese peer Kioxia reported dismal results for the six months ended Sept. 30. Operating profit tumbled 55% and revenue fell 16% from a year ago.
Cellebrite shares surged 16.7% after the digital investigation solutions provider reported third-quarter earnings that significantly exceeded analyst expectations, driven by strong subscription revenue growth.
New Fortress Energy shares tumbled 8.6%. The liquefied natural gas producer said in a filing Wednesday that it was seeking an extension to file its report for the quarter ended Sept. 30. The company has been exploring options to restructure its $7.8 billion debt load.
Entertainment company Walt Disney, chip equipment manufacturer Applied Materials, and media company Newsmax are among the companies set to report earnings on Thursday.