Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Boring Co. Hawthorne test tunnel in Hawthorne, California, U.S., on Tuesday, Dec. 18, 2018.
Robyn Beck | Bloomberg | Getty Images
This is a live blog. Check back for updates.
8:43 am: Retail sales report hitting futures?
Retail sales figures may have had something to do with the futures pullback. While the January top line figure came in as expected for January at a 0.3% increase, December’s number was revised lower. The report also showed the biggest drop in clothing store sales since 2009. -Melloy
8:41 am: Futures cut gains
Stock futures were pulling back ahead of the open. Dow futures are now negative by a point. – Melloy
8:30 am: Nvidia climbs after strong Q4
Shares of Nvidia rose more than 6% after the company reported fourth-quarter earnings that handily topped analysts’ expectations. Additionally, Nvidia’s first-quarter revenue forecast of $3 billion was higher than Wall Street anticipated. —Sheetz
Shares of travel booking site Expedia soared more than 11% during Friday’s premarket trading on the back of strong fourth-quarter results. Adjusted earnings per share came in at $1.24, which was 5 cents above what the Street was looking for, according to estimates from FactSet. The company reported $2.75 billion in revenue, which was slightly short of the consensus estimate of $2.76 billion. Expedia did not give full-year guidance due to uncertainties surrounding the ongoing coronavirus outbreak, but said that it’s targeting between $300 million and $500 million in cost savings across the business. —Stevens
Tesla‘s stock fell about 2% in premarket after the company priced its secondary common stock offering at $767 a share. Tesla will sell 2.65 million shares at that price, just a 4.6% discount to the stock’s close on Thursday. Tesla said it plans to use the proceeds “to further strengthen its balance sheet, as well as for general corporate purposes.” The stock jumped nearly 5% Thursday on news of the offering. The stock traded higher briefly in the premarket on Friday before turning lower. —Sheetz
8:20 am: Stock futures rise to end the week after strong earnings
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