These 2 Once-Hot Stocks Are in the Deep Freeze Wednesday

The stock market had a nice gain on Tuesday, but investors appeared ready for a brief pause in any upward recovery as major market benchmarks eased lower. As of 8:30 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were down 76 points to 34,828. S&P 500 (SNPINDEX: ^GSPC) futures had declined 10 points to 4,455, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures were down 34 points to 14,576.

Investors have paid particularly close attention to high-growth stocks to see whether they could make good on their potential when they release their actual financial results. For Roblox (NYSE: RBLX) and Toast (NYSE: TOST), the past few months have been painful for shareholders, and the news each of them released late Tuesday afternoon after the stock market's regular trading session had ended didn't inspire investors to change their bearish views on the two companies. Below, you'll learn more about what Roblox and Toast said about their results and their futures.

Shares of Roblox were trading lower by 17% in premarket trading on Wednesday morning. The global game platform and budding metaverse environment provider reported its fourth-quarter financial results, and while they showed substantial gains, they weren't enough to make its shareholders happy.

Source Fool.com