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Nvidia, Alibaba, Dropbox Drop Pre-Market; Live Nation Gains

Investing.com News •
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U.S. stock futures edged higher Friday as investors awaited key inflation and growth data amid elevated geopolitical tensions. Nvidia stock dropped 0.3% ahead of its earnings next week, which are likely to guide market sentiment. Alibaba ADRs fell 2.1% and Baidu dropped 3.4% after both Chinese companies were briefly mentioned in a U.S. list of companies with ties to the Chinese military.

Akamai Technologies stock slumped 10% after providing disappointing first-quarter guidance, despite fourth-quarter sales beating expectations. Live Nation gained 4.2% after beating quarterly revenue estimates, helped by sustained demand for live experiences in arenas and amphitheaters. Dropbox fell 5.2% after reporting a drop in fourth-quarter sales from a year ago and offering disappointing 2026 guidance.

Newmont Goldcorp stock fell 3.5% after the world's biggest gold miner said it expects to produce less bullion this year due to planned upgrades at some managed mines. Grail stock slumped 45% after its multi-cancer screener failed to meet its primary endpoint of statistically significant reduction in combined Stage III and IV cancer. Opendoor Technologies jumped 18% after reporting fourth-quarter revenue that beat estimates, while AdvanSix rose 0.1% despite earnings falling short of Wall Street expectations.