Stock futures rose modestly Thursday after the Federal Reserve left interest rates unchanged and Chairman Jerome Powell said tight monetary policy has been putting downward pressure on economic activity.
Third-quarter adjusted earnings at PayPal beat Wall Street’s expectations and the payments company raised its full-year earnings forecast. The stock was rising 6.1% in premarket trading. DoorDash reported a narrower-than-expected third-quarter loss and total orders that rose 24% to 543 million, better than analysts’ expectations. Revenue in the period rose 27% to $2.2 billion. Shares of the food delivery company rose 9%.
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