US lower premarket while Pinterest shares surge 19%

Tuesday, 02. August 2022 10:32

Major indexes in the United States traded lower premarket on Tuesday as investors await the release of more earnings reports throughout the day and week.

Pinterest Inc. shares surged 19.46% at 4:27 am ET to sell for $23.88 following yesterday's report, in which the company announced an increase in its revenue by 9% to $666 million. Global monthly active users declined 5% to 433 million. Today, Uber, Paypal, and Starbucks are expected to release their respective reports.

The Dow Jones lost 0.37% at 4:31 am ET, the Nasdaq 100 fell 0.69%, and the S&P 500 declined 0.61%. The euro was down by 0.28% against the dollar at 4:30 am ET, selling for $1.02336.

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Author:
Baha Breaking News (BBN) / JG