Delta Air Lines fell more than 3% in pre-market trading despite posting earnings that exceeded both top- and bottom-line expectations. CEO Ed Bastian said the pricing power derived from higher jet fuel prices is expected to persist even as oil prices decline.
WD‑40 Company surged by over 15% after reporting third‑quarter earnings of $2.33 per share, surpassing analysts’ expectations of $1.56. The company also raised its full‑year guidance.
Circle Internet Group rose more than 13% following approval from the U.S. Office of the Comptroller of the Currency to launch a crypto‑focused bank. CEO Jeremy Allaire highlighted that this approval marks a pivotal step in integrating blockchain technology into the mainstream financial system.
Vodafone Group’s U.S.‑listed shares jumped 13% after French billionaire Xavier Niel acquired a 16% stake, valued at approximately $6 billion, making him the company’s largest shareholder.
Netflix edged higher after a Wall Street Journal report indicated discussions about adding live television channels and bundling its streaming services, amid signs of declining subscriber engagement.
Memory‑chip stocks, including Intel, which fell nearly 2%, and Sandisk, which slipped over 1.5%, were broadly lower ahead of South Korean chipmaker SK Hynix’s Nasdaq debut.
Marvell Technology also declined by about 1% ahead of the market opening.
Shares of Twilio and Shopify each climbed roughly 2% after Stifel upgraded both stocks to “buy,” citing strong positioning to capitalize on the AI cycle and continued e‑commerce growth.
Crypto‑exposed companies such as Strategy and Coinbase posted gains of around 5% as Bitcoin briefly crossed $64,000, its highest level since mid‑June.
Meta’s shares rose 3.5%, continuing a rally driven by a Reuters report that the company plans to produce AI chips in September. The stock is poised to finish the week up about 12%.
Correction: This story has been updated to correctly spell Delta Air Lines CEO Ed Bastian’s name.
