US Stocks Mixed in Premarket as Restaurant Earnings Vary

TechFlow reported on November 5, citing Investor's Business Daily, that US stocks were mixed in premarket after a strong previous session, with major index futures diverging as markets watched restaurant earnings and upcoming jobs data.

Cava's revenue and profit came in below market expectations amid a cyclospora outbreak and rising operating costs; Dutch Bros beat expectations on third-quarter revenue and profit, but same-store sales growth slowed and the company lowered its full-year adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) guidance. Adtech company AppLovin's third-quarter results exceeded expectations.

The report cited Econoday data showing that the market expects US initial jobless claims for the week to be 196,000, compared with 194,000 in the previous week.

Source: TechFlow