Stock Market Update

Zoom Video Communications (ZM)

Shares in the video-conferencing provider rose about 11% in premarket trading after it forecast higher-than-expected adjusted profit for this year.

Workday (WDAY)

The cloud-enterprise company's stock was down almost 8% premarket. It topped quarterly profit expectations and met revenue forecasts Monday, but stuck to its guidance for fiscal 2025 growth.

Hess (HES)

Exxon Mobil (XOM) said it could pre-emptively match the price that Chevron (CVX) offered Hess for its stake in an oil prospect off Guyana's coast, potentially derailing the megadeal. Hess shares fell more than 3% in thin premarket trading.

Coinbase (COIN)

The cryptocurrency exchange's stock rallied premarket, on the back of a jump in bitcoin prices to around $56,700, the highest level since November 2021. The move extends Coinbase stock's hot streak in recent weeks.

Unity Software (U)

Shares in the company, which operates a platform for developing software applications, slumped 17% premarket after it reported a larger-than-expected quarterly loss.

Upcoming Earnings Reports

• Lowe's (LOW)
• Macy's (M)
• AutoZone (AZO)
• eBay (EBAY) will report results after the market close.