U.S. stock futures pointing to a slightly lower open
U.S. stock futures were trading in the negative territory early Friday as all three major indices look to end the week higher after the S&P 500 and Nasdaq eked out record closings during the previous session.
By 5:05 a.m. ET, futures tied to the blue-chip Dow were down 64 points, or 0.2% to 31,295. The S&P 500 futures dropped 9.12 points, or 0.23% to 3,902.88 while the tech-heavy Nasdaq 100 fell 22.88 points, or 0.17% to 13,706.12.
Bumble surges 63% in its market debut
Shares in Bumble (NASDAQ: BMBL), the dating app when women make the first move to get the conversation started, closed up 63.5% in their market debut Thursday on the Nasdaq.
Bumble sold 50 million shares at $43 each, raising nearly $2.15 billion on the offering at more than $8 billion valuation. The stock began trading at $76 a share and climbed as much as 85% from the IPO price before closing at $70.31.
According to its IPO prospectus, the company operates two dating apps, Bumble and Badoo, which together attract over 40 million users a month.
As of this writing, the stock was indicated 1.12% to $71.10 a share in pre-market trading session.
Mastercard, Bank of New York Mellon push bitcoin past $48,000
On the crypto front, Bitcoin has reached another all-time high after Mastercard (NYSE: MA) and Bank of New York Mellon (NYSE: BK) plans are underway to allow customers to use cryptocurrencies. Bitcoin hit a record high of $49,000 overnight before giving away gains.
Mastercard said it is “preparing right now for the future of crypto and payments,” adding that it would start supporting select cryptocurrencies directly on its network later this year.
Bank of New York Mellon will also issue, hold, and transfer bitcoin for clients in the future, according to The Wall Street Journal.
Disney reports impressive Q1 results
Meanwhile, Disney (NYSE: DIS) rose 1.85% to $194.45 pre-market after the company late Thursday reported an increase in Disney+ subscribers and lower losses at its pandemic-hit theme parks. during first quarter ended Jan. 2
The entertainment company said adjusted profit for the first quarter ended Jan. 2 was $0.32 a share, well above analysts’ forecast for loss of $0.38 a share. Revenue came in at $16.2 billion, beating estimates of $15.9 billion.
Disney said it gained 21.2 million paid subscribers on its Disney Plus streaming service during the quarter, and now has 94.9 million subscribers around the world.
