Day: September 17, 2020

Stock futures are flat in overnight trading after Dow snaps a 4-day win streak

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A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020.

Mike Segar | Reuters

Stock futures held steady in overnight trading on Thursday after another sell-off on Wall Street led by major technology names.

Futures on the Dow Jones Industrial Average dipped about 30 points. The S&P 500 futures and the Nasdaq 100 futures were both flat.

During Thursday’s regular trading session, the S&P 500 declined 0.8{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} for its biggest drop in a week.

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Snowflake, Palo Alto Network, Penn National Gaming & more

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Cloud data warehouse company Snowflake is promoted at the Nasdaq MarketSite, Wednesday, Aug. 5, 2020, in New York’s Times Square.

Mark Lennihan | AP

Check out the companies making headlines after the bell: 

Snowflake — Selling in the biggest software IPO continued in extended trading with shares of Snowflake down more than 1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. The cloud company dropped more than 26{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in regular-hours trading after soaring 111{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in its market debut Wednesday.

Penn National Gaming — Shares of Penn National Gaming rose another 1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, extending the 7{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} jump during Thursday’s regular trading session. The sports betting company got a boost

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Tech selling picks up steam

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The New York Stock Exchange (NYSE) is pictures on May 26, 2020 at Wall Street in New York City.

Johannes Eisele | AFP | Getty Images

Dow Jones Industrial Average drops 130 points

Tech slide continues

Shares of Apple and Microsoft were down 1.6{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} and 1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, respectively. Amazon dropped 2.25{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} and Alphabet slid 1.66{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. Facebook shares closed 3.3{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} lower and Netflix lost 2.8{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. Those losses added to Big Tech’s steep declines this month. For September, Facebook, Amazon, Netflix, Microsoft and Apple are all down at least 10{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}.

Coronavirus vaccine and stimulus uncertainty

Mixed messaging around a potential coronavirus vaccine, as

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Texas pushes forward with business reopenings as coronavirus cases, hospitalizations slide, Gov. Abbott says

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Texas Governor Greg Abbott announces the US Army Corps of Engineers and the state are putting up a 250-bed field hospital at the Kay Bailey Hutchison Convention Center in downtown Dallas during a press conference at the Texas State Capitol March 29, 2020 in Austin, Texas.

Tom Fox | Getty Images

Texas is allowing more businesses, including retail stores, gyms and restaurants, to push forward with reopening plans after a surge in coronavirus cases and hospitalizations over the summer have started to decline. 

Abbott said the state has been divided into 22 regions where officials will monitor hospital capacity and

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