financetom
Market
financetom
/
Market
/
Investors Await Key Earnings Reports as US Futures Tread Water in Friday's Premarket
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Investors Await Key Earnings Reports as US Futures Tread Water in Friday's Premarket
Jul 19, 2024 5:51 AM

08:23 AM EDT, 07/19/2024 (MT Newswires) -- US stock futures were relatively unchanged in Friday's premarket session as investors eye a slew of earnings coming out, including those from American Express ( AXP ) , Travelers Companies ( TRV ) , Comerica ( CMA ) , Halliburton ( HAL ) , and Fifth Third Bancorp ( FITB ) .

The Dow Jones Industrial Average futures were off 0.21%, S&P 500 futures nudged 0.10% higher, and Nasdaq futures were up 0.16%.

Investors will also be parsing the words of Federal Open Markets Committee members Raphael Bostic and John Williams, who will be giving speeches later Friday, for any hints of the Federal Reserve's future monetary decisions.

Oil prices were moving lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.1% and 0.3% respectively. The latest U.S. Baker Hughes Rig count, a key gauge of the oil drilling industry, will be released Friday afternoon.

In equities, Serve Robotics ( SERV ) shares soared 64% in Friday's premarket session, adding to Thursday's 12% gain. Shares of Hawaiian Electric Industries ( HE ) surged 38% after Bloomberg reported Thursday that the electric services company was among a group of firms that reached a tentative deal to settle lawsuits over last year's wildfires in Maui. And Vaccinex's ( VCNX ) shares climbed 10% after climbing nearly 15% the previous session.

On the losing side, shares of SunPower Corporation ( SPWR ) tumbled 12%, piling on to a 40% loss Thursday when the solar energy company said it was pausing some operations. Scholastic's (SCHL) shares fell 14% after it reported late Thursday lower fiscal Q4 earnings and revenue. And shares of CrowdStrike ( CRWD ) dropped 12% following media reports that the cybersecurity firm suffered a major outage resulting from an issue with its latest update.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS-Wall St at record highs as rate-cut hopes flourish, chipmakers rally
US STOCKS-Wall St at record highs as rate-cut hopes flourish, chipmakers rally
Mar 21, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Micron Technology ( MU ) surges after upbeat Q3 rev forecast * Apple ( AAPL ) falls on report DOJ to sue co over antitrust laws * Reddit set for market debut later in the day * Indexes up:...
US STOCKS SNAPSHOT-Wall St rises as chipmakers rally, Fed bolsters rate cut bets
US STOCKS SNAPSHOT-Wall St rises as chipmakers rally, Fed bolsters rate cut bets
Mar 21, 2024
March 21 (Reuters) - The tech-laden Nasdaq led Wall Street higher on Thursday as chip stocks rallied following Micron Technology's upbeat forecast, while investors took comfort in the Federal Reserve sticking to its three-rate-cut view for this year. The Dow Jones Industrial Average rose 148.90 points, or 0.38%, at the open to 39,661.03. The S&P 500 opened higher by 28.81...
Dow Jumps 200 Points; US Weekly Jobless Claims Fall
Dow Jumps 200 Points; US Weekly Jobless Claims Fall
Mar 21, 2024
U.S. stocks traded higher this morning, with the Dow Jones index gaining around 200 points on Thursday. Following the market opening Thursday, the Dow traded up 0.52% to 39,718.37 while the NASDAQ rose 0.84% to 16,506.28. The S&P 500 also rose, gaining, 0.53% to 5,252.23. Check This Out: Micron, Accenture And 3 Stocks To Watch Heading Into Thursday   Leading...
Micron hits record high as AI demand powers strong forecast
Micron hits record high as AI demand powers strong forecast
Mar 21, 2024
(Reuters) - Memory chipmaker Micron Technology ( MU ) surged to a record high on Thursday after its strong revenue forecast fanned optimism that soaring demand for AI hardware would take the Nvidia supplier to new peaks. The stock was last up 15%, lifting the broader Philadelphia chip index 3% higher. Micron, which reports earnings before its peers, helps in...
Copyright 2023-2025 - www.financetom.com All Rights Reserved