Stock futures fell Thursday giving up some gains from the previous session that saw the S&P 500 post its best day in almost three weeks. The yield on the 10-year Treasury note was unchanged at about 4.74%, near multiyear highs.Rivian Automotive expects third-quarter sales of between $1.29 billion and $1.33 billion, in line with analysts’ estimates, and said it plans to offer $1.5 billion worth of convertible notes.
Clorox was falling 4.6% after cutting its fiscal first-quarter outlook following a cybersecurity attack. Clorox sees a loss of 35 cents to 75 cents a share; on an adjusted basis it expects between a break-even result to a loss of 40 cents a share. Clorox said it sees sales falling by 28% to 23% in the period from a year earlier. The company disclosed the cyberattack in mid-August.
Exxon Mobil declined 1% after the energy giant said its third-quarter earnings would get a lift from rising crude oil prices. In a regulatory filing, Exxon said it expects a change in liquids prices to boost profit in the period by between $900 million and $1.3 billion. A change in gas prices would add between $200 million and $400 million. Thinner margins at its chemicals business would reduce profit by $400 million to $600 million.
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Clorox stock falls after detailing cyberattack hit and other stocks on the moveOrchard Therapeutics, Clorox and Rivian Automotive stocks were on the move.
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