August 5, 2021

PR Headline News

Top Stories Without The Fluff

Dow futures flat, U.S. virus cases near 3 million, tech resilient

AMC surges on report of new financing deal

Shares of movie theater chain AMC Entertainment jumped more than 11% in premarket trading after the Wall Street Journal reported that the company is close to securing financing that it will help it stave off bankruptcy. The restructuring would involve senior debt holders providing a $200 million loan to the company, according to the report. — Jesse Pound

Equity futures steady as virus angst offsets tech resilience

Futures contracts tied to the Dow Jones Industrial Average and the S&P 500 held steady in Wednesday morning as investors balanced another wave of U.S. coronavirus cases on Tuesday with resilience in the technology sector. Infections in the U.S. have nearly exceeded 3 million, according to Johns Hopkins University. Nasdaq-100 futures rose by 0.4%. So-called reopening trades like United Airlines and Gap slipped 1.6% and 0.3% in premarket trading while chipmaker Nvidia added 1.2% and Netflix advanced 1%. — Thomas Franck

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