U.S. stock futures pare losses as Asia tumbles

Wall Street could potentially see another volatile session on Thursday, as stock futures swung from negative to positive ground. As in recent sessions, Asia markets fell overnight and losses for oil picked up, which triggered a 100-point loss for Dow Jones Industrial Average at the start of European trading. Those losses were pared back and DJIA futures last fell 18 points to 15,704, while S&P 500 futures dropped 0.1 point to 1,855.25. Nasdaq 100 futures fell 2.5 points to 4,128. In Asia, the Nikkei 225 index gave up an early lead to close down 2.4% in a volatile session in which the Shanghai Composite is down 3.2%. U.S. crude oil also pared losses, last down 11 cents to $28.24 a barrel, and Brent crude was off 11 cents to $27.77 a barrel.

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From:: Stock Market News

U.S. stock futures tumble after rough day for Asia, oil under pressure

U.S. stock futures pointed to a much weaker start for Wall Street on Thursday. As in recent sessions, Asia markets fell overnight and losses for oil are also picking up, creating a risk-off environment for investors. Dow Jones Industrial Average futures slid 123 points, or 0.8%, to 15,595, while S&P 500 futures dropped 16.4 points, or 0.9%, to 1,838.50. Nasdaq 100 futures fell 35.75 points, or 0.9%, to 4,098. In Asia, the Nikkei 225 index gave up an early lead to close down 2.4% in a volatile session in which the Shanghai Composite is down 3.2%. U.S. crude oil was hovering at $28 a barrel, down 1%, and Brent crude slid 24 cents, or 0.9%, to $27.66 a barrel.

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Elevate Credit to postpone Thursday IPO: report

Elevate Credit Inc. will postpone its initial public offering that was due to price on Thursday, Dow Jones reported late Wednesday, citing sources close to the matter. Elevate would have been the first IPO of 2016 and was expected to price about 3.6 million shares between $20 and $22. The lender, which has been likened to an online payday lender, uses proprietary technology to offer “approval in seconds.”

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News Corp. denies rumor of Twitter stake

Twitter Inc. shares soared as much as 12.5% Wednesday in afternoon trade Wednesday, after falling as much as 7.2% to a record low earlier in the session. Shares closed up 4.2%. The shares rose amid speculation that News Corp. , the parent of MarketWatch, had bought a stake in Twitter, said James Cakmak, an analyst at Monness Crespi Hardt. “No idea if true or not but that’s the chatter right now,” Cakmak wrote in an email. News Corp. denied the rumor. Volume as of 2 p.m. ET was 46 million shares, more than double the full-day average of 19.8 million shares, according to FactSet

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LifeLock slides as founder Todd Davis resigns as CEO

LifeLock Inc. shares fell in Wednesday’s extended session after the identity theft protection company announced that founder Todd Davis resigned as chief executive and released preliminary 2015 corporate results. Davis will be succeeded by Hilary Schneider, president of LifeLock, on March 1. LifeLock also said its 2015 adjusted earnings per share are likely to come in between 62 cents to 63 cents while revenue is projected in a range of $586 million to $587 million. Analysts surveyed by FactSet had forecast 2015 EPS of 62 cents and revenue of $585.6 million. Shares of LifeLock were down 3.1% in after hours trading.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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