11:41 AM EST, 12/05/2024 (MT Newswires) -- All three major US stock indexes were down slightly in late-morning trading on Thursday, as market participants look ahead to Friday's November jobs report.

In company news, American Airlines Group ( AAL ) updated its Q4 adjusted earnings guidance Thursday to a range of $0.55 to $0.75 per share, up from the previous forecast of $0.25 to $0.50. Analysts surveyed by FactSet expect $0.39. The airline also updated its Q4 year-over-year total revenue per seat mile growth guidance to a range of flat to up 1% from down 1% to down 3% and its Q4 year-over-year cost per available seat mile excluding fuel and net special items growth guidance to up 5% to 6% from up 4% to 6%. In addition, American Airlines ( AAL ) and Citigroup's ( C ) Citibank have entered into an agreement relating to the airline's co-branded credit card program. Under the new agreement, scheduled to begin in January 2026, Citi will be the exclusive issuer of the AAdvantage c-branded credit card portfolio in the US, the companies said in a joint press release. Shares of American Airlines ( AAL ) were up 15% around midday, while those of Citigroup ( C ) were up 1.6%.

Taiwan Semiconductor Manufacturing ( TSM ) is in talks with Nvidia ( NVDA ) to develop its Blackwell artificial intelligence chips at TSMC's new production facility in Arizona, Reuters reported Thursday, citing three unnamed people familiar with the plan. Taiwan Semiconductor is already planning to start production in early 2025, the report added, citing the sources. Separately, Nvidia ( NVDA ) Chief Executive Jensen Huang has agreed to set up an AI research and development center in Vietnam, Bloomberg reported Thursday. The initiative is intended to enhance Vietnam's AI infrastructure and support local startups, the report said. TSMC shares were up 1.9%, while those of Nvidia ( NVDA ) were up 0.8%.

Toronto-Dominion Bank ( MLWIQXX ) reported fiscal Q4 adjusted earnings Thursday of 1.72 Canadian dollars ($1.22) per diluted share, down from CA$1.82 a year earlier and below the consensus estimate from analysts surveyed by FactSet of CA$1.82. Fiscal Q4 revenue was CA$15.51 billion, up from CA$13.18 billion a year earlier and above the FactSet consensus of CA$12.47 billion. The company said it is conducting a strategic review of its opportunities, productivity initiatives and capital allocation, resulting in the suspension of its medium-term financial targets, including the 7% to 10% adjusted EPS growth guide. Shares of the bank were down 5.2%.

Kroger ( KR ) reported fiscal Q3 adjusted net earnings Thursday of $0.98 per diluted share, up from $0.95 a year earlier and above the FactSet consensus of $0.97. Fiscal Q3 sales were $33.63 billion, down from $33.96 billion a year earlier and below the FactSet consensus of $34.19 billion. The company said it now expects fiscal 2024 adjusted EPS of $4.35 to $4.45, compared to prior guidance of $4.30 to $4.50. Analysts polled by FactSet expect $4.44. Kroger ( KR ) shares were up 0.3%.

Alphabet's (GOOG, GOOGL) Waymo said Thursday it is expanding its ride-hailing robotaxi service to Miami. The company will start testing the service early next year and then open the Waymo One app to riders in 2026, Waymo said in a blogpost. The company will first start the service in Phoenix. Alphabet shares were down 0.4%, while those of Waymo's potential competitors -- Uber Technologies ( UBER ) and Lyft ( LYFT ) -- were down 6.2% and 6.1%, respectively.

Robinhood Markets (HOOD) is considering expanding into sports betting through event contracts, Chief Executive Vladimir Tenev said Wednesday at the company's investor day event, according to an S&P Global Capital IQ transcript. Robinhood shares were down 1.5%.

Price: 17.11, Change: +2.23, Percent Change: +14.99