PACB - These 2 Stocks Could Threaten Tuesday's Market Bounce
Investors have been surprised by the way 2022 has started, with steep drops on most stock market indexes. Wall Street tried to mount a comeback on Tuesday morning, though, in the hopes of getting back on a bullish path. As of 8:30 a.m. ET, Dow Jones Industrial Average (DJINDICES: ^DJI) futures were up 63 points to 36,015. S&P 500 (SNPINDEX: ^GSPC) futures had picked up 15 points to 4,678, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had risen 79 points to 15,687.
It was encouraging to see the overall market try to bounce, but there were still some stock-specific stories that threatened to rain on Wall Street's parade. Pacific Biosciences of California (NASDAQ: PACB) and TechnipFMC (NYSE: FTI) both posted sharp declines in premarket trading as shareholders responded to the latest news from the two companies. Below, you'll learn more about both companies and what their results could mean for the broader market.
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These 2 Stocks Could Threaten Tuesday's Market Bounce