What to watch today: Stock futures rise ahead of Fed chief Powell's speech

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U.S. stock futures rose ahead of Fed Reserve Chairman Jerome Powell's speech Friday morning.

plunged 13% in premarket trading after it fell 3 cents short of Wall Street forecasts with adjusted quarterly earnings of 52 cents per share. The discount retailer's revenue fell short as well, with comparable store sales falling 28% from a year earlier. beat estimates by 16 cents with adjusted quarterly earnings of $1.00 per share, though revenue fell below analyst forecasts.

23 per share for its latest quarter, with the provider of cloud-based human resources and financial software also reporting better-than-expected revenue. Subscription revenue jumped more than 23% from a year earlier. Workday shares surged 7% in premarket trading. came in 3 cents above estimates with an adjusted quarterly profit of 34 cents per share. However, the chip maker's revenue merely matched Street forecasts, and its cost of goods sold jumped from a year earlier. Shares slid 3.

 

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