The Dow and S&P on pace for their worst weeks since June, while the tech-heavy Nasdaq is set for its worst since May.
, dubbed the Tesla Bot, that has a goal of eliminating "dangerous, repetitive and boring tasks." Musk, who made the announcement during Tesla's AI Day, said the company will "probably have a prototype next year that looks like this," while standing nearby an on-stage human actor who wore a white, robot-like bodysuit.
Foot Locker shares surged 6.2% in the premarket after the athletic footwear and apparel maker reported better-than-expected second-quarter results. Foot Locker earned an adjusted $2.21 per share, compared with a $1.01 consensus estimate, and comparable stores sales rose 6.9%. Analysts had expected a slight decline in comp sales.
Music streaming service Spotify announced that its board approved a $1 billion stock buyback. Chief Financial Officer Paul Vogel said the move demonstrates the company's confidence in its business and long-term growth opportunities. Spotify added 1.1% in the premarket. Ross Stores reported a quarterly profit of $1.39 per share, beating the 98 cent consensus estimate, and also reported better-than-expected revenue. However, the discount retailer's current-quarter and full-year earnings outlook fell short of forecasts, and the stock slid 4% in premarket action.
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