Stock futures wavered ahead of a series of earnings reports and weekly data on the labor market. Here’s what we’re watching before the opening bell.

  • Palantir Technologies rose 5% after surpassing analysts’ revenue forecasts for the second quarter.
  • Upstart manufacturer Lordstown Motors posted a $108 million loss for the second quarter, revised its financial outlook and said it was talking to strategic partners. Its shares added 1.8% premarket.
  • U.S.-listed shares of Coupang dropped 8.6%. The South Korea-based e-commerce company reported a widening loss in the second quarter, in part because of a fire at one of its warehouses.
  • Clover Health Investments leaped 17% ahead of the bell. The provider of health insurance services and occasional meme stock reported a loss of $318 million in the second quarter.
  • Opendoor Technologies gained 18% premarket. The online real-estate platform also reported earnings after Wednesday’s close.
  • Moderna shares rose 0.4% in premarket trading. The U.S. Food and Drug Administration is nearing a decision to authorize Covid-19 booster shots for certain people with weak immune systems, The Wall Street Journal reported. Moderna’s vaccine is one of three shots authorized for use in the U.S.
  • Baidu lost 2.1% in New York. The operator of China’s largest search engine posted a loss in the second quarter.
  • EBay shares slipped 1.5%. The online marketplace reported a decline in active buyers in the latest quarter, in another sign of softening e-commerce trends. Crafts marketplace Etsy was also down, by 0.6%, ahead of the bell.

EBay reported 159 million active buyers for the June quarter, a 2% decline from a year earlier.

Photo: Richard B. Levine/Levine Roberts/Zuma Press

  • Seagate Technology ticked up 0.4% after analysts at Goldman Sachs bumped up their target price for the stock.
  • Unity Software slipped 1.6% premarket. Shares of the company, which provides tools and services for videogame publishers, had jumped in response to a big rise in revenue reported on Tuesday.
  • Micron Technology fell 2.8%. Morgan Stanley analysts lowered their recommendation for the semiconductor stock from “overweight” to “equal weight”.
  • U.S.-listed shares of Dutch semiconductor manufacturer NXP Semiconductors fell 0.7%. “We expect supply to be a challenge for the foreseeable future,” Chief Executive Kurt Sievers told analysts in early August.
  • Universal Health Services lost 1.2%. On Wednesday, the company said it would borrow a total of $1.2 billion, due in 2026 and 2032, to refinance existing debt.
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