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Stock market live updates: Futures rise on earnings, Tesla volatile again

CNBC logo CNBC 3 days ago Fred Imbert
Elon Musk holding a guitar: Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Boring Co. Hawthorne test tunnel in Hawthorne, California, U.S., on Tuesday, Dec. 18, 2018.© Provided by CNBC Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Boring Co. Hawthorne test tunnel in Hawthorne, California, U.S., on Tuesday, Dec. 18, 2018.

This is a live blog. Check back for updates.

8:30 am: Nvidia climbs after strong Q4

Shares of Nvidia rose more than 6% after the company reported fourth-quarter earnings that handily topped analysts' expectations. Additionally, Nvidia's first-quarter revenue forecast of $3 billion was higher than Wall Street anticipated. —Sheetz

8:27 am: Expedia shares jump 11%

Shares of travel booking site Expedia soared more than 11% during Friday's premarket trading on the back of strong fourth-quarter results. Adjusted earnings per share came in at $1.24, which was 5 cents above what the Street was looking for, according to estimates from FactSet. The company reported $2.75 billion in revenue, which was slightly short of the consensus estimate of $2.76 billion. Expedia did not give full-year guidance due to uncertainties surrounding the ongoing coronavirus outbreak, but said that it's targeting between $300 million and $500 million in cost savings across the business. —Stevens

8:22 am: Tesla shares slip after pricing $2 billion offering

Tesla's stock fell about 2% in premarket after the company priced its secondary common stock offering at $767 a share. Tesla will sell 2.65 million shares at that price, just a 4.6% discount to the stock's close on Thursday. Tesla said it plans to use the proceeds "to further strengthen its balance sheet, as well as for general corporate purposes." The stock jumped nearly 5% Thursday on news of the offering. The stock traded higher briefly in the premarket on Friday before turning lower. —Sheetz

8:20 am: Stock futures rise to end the week after strong earnings

Stronger-than-expected earnings from companies such as Nvidia, Expedia, Roku and Newell Brands gave U.S. stock futures a lift as Wall Street headed for another solid week of gains. Dow Jones Industrial Average futures pointed to a gain of 27 points at the open while S&P 500 and Nasdaq 100 futures also indicated gains. For the week, the major averages were up at least 1% and were headed for back-to-back weekly increases. The weekly increases come even as the number of coronavirus cases continues to rise. —Imbert

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