Stock futures were mixed Wednesday as investors awaited delayed U.S. jobs data that could help decide when the Federal Reserve next cuts interest rates.
These stocks were making moves in premarket trading:
Moderna tumbled 8.9%. It was the S&P 500's worst performer ahead of the opening bell. The selloff came after the company said the Food and Drug Administration had refused to review its application to sell a new seasonal flu vaccine.
Robinhood Markets dropped 7.7% after the online trading platform's fourth-quarter earnings beat estimates revenue missed. Robinhood generates a solid chunk of its revenue from crypto trading, and the brutal selloff in that asset class weighed on the top line.
Other crypto stocks also were sliding, with Bitcoin down 3.1% over the past 24 hours to $66,733. Digital-asset exchange Coinbase Global dropped 3.5%, and major Bitcoin investor Strategy fell 3.1%.
Ford Motor ticked up 0.9% after the auto maker missed Wall Street's fourth-quarter earnings target but issued solid guidance for the current year. The company said it expects an uptick in profit in 2026 due to fading tariff impacts as well as "material and warranty cost reduction."
Gilead Sciences declined 3.3% after the biopharmaceutical company beat analysts' estimates for fourth-quarter earnings and revenue but issued weaker-than-expected guidance for the current year. Investors may have been looking for an excuse to take some profit, given that the stock has gained 20% in 2026 due to strong sales of Gilead's core business of HIV treatments.
Beta Technologies rallied 18% after Amazon.com disclosed a stake in the aerospace start-up, which is working to electrify aircrafts. A regulatory filing revealed Amazon owned about 11.8 million shares of Beta, about 5% of the stock outstanding.
Cloudflare jumped 14% after the cybersecurity and cloud services company's fourth-quarter earnings and revenue beat Wall Street's targets. The outlook for the current quarter also was solid: Cloudflare expects revenue of $620 million to $621 million, topping the $614.4 million that analysts were looking for.
Lyft plummeted 18% after the ride-hailing platform reported weaker-than-expected revenue for the fourth quarter and issued so-so guidance. Some analysts have been fretting about the market for ride-hailing and food delivery as consumers rein in spending and robo-taxis threaten to disrupt the industry. Larger rival Uber Technologies didn't take much of a hit, sliding 0.5%.
Mattel sank 32% after the toymaker missed analysts' earnings and revenue targets for the fourth quarter. The dismal report came just a day after shares in rival Hasbro hit a six-year high following much better results due to the "standout performance" of revenue tied to its digital card game "Magic: The Gathering."
Zillow fell 4% after the housing services company beat fourth-quarter earnings estimates and reported its first year of unadjusted profit since 2012. The earnings didn't ease investors' worries about artificial intelligence, which sparked a selloff in the shares earlier this month.
Astera Labs fell 13%. The semiconductor company reported fourth-quarter earnings and revenue that exceeded analysts' expectations. Astera announced Chief Financial Officer Mike Tate would be stepping down and become a full-time strategic advisor to the CEO. The company named Desmond Lynch, currently the financial chief at Rambus, as Tate's replacement.