Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020.
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8:21 am: Bed Bath & Beyond plummets 25% on disappointing guidance
Shares of Bed Bath & Beyond tanked 25% during Wednesday’s premarket trading after the company said that same-stores sales in December and January fell 5.4%. The company said that sales were hurt by additional promotions, inventory issues and falling store traffic. “We are experiencing short-term pain in our efforts to stabilize the business, including the pressures of store traffic trends coupled with our own executional challenges,” CEO Mark Tritton said. Shares of the retailer gained more than 50% in 2019, but are down 14% so far this year. Stevens
8:15 am: Futures rise despite coronavirus, Sanders victory
U.S. stock futures are trading higher as investors shrug off lingering coronavirus fears. Dow Jones Industrial Average futures indicate a gain of more than 100 points at the open. The futures themselves were up 141 points. S&P 500 and Nasdaq 100 futures also point to solid gains. As of Tuesday night, with total confirmed cases passing 44,000. However, the pace of new reported cases appears to be slowing down. Imbert
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