Here’s what we’re watching ahead of Thursday’s opening bell
The Cboe Volatility Index, a gauge of expected swings in the stock market, rose to 23.74. That marked its highest level since May.
Cruise line shares, which have been tied to expectations about the recovery from the pandemic, fell premarket. Carnival declined 2.8%, Norwegian Cruise Line Holdings dropped 2.6% and Royal Caribbean shed 1.9%.emergency funding deal Cisco Systems reported a stronger-than-expected revenue increase in the latest period while product orders rose 31% from the year earlier, the strongest year-over-year growth in more than a decade, the company said. Despite that, the stock fell 1.4% premarket.
Shares of Red Robin Gourmet Burgers fell more than 9% premarket after the company said second-quarter performance was below its expectations, due to factors including “ongoing jurisdictional restrictions and challenging labor availability.”
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