financetom
Market
financetom
/
Market
/
Technology Stocks Rise After Tesla Earnings as US Equity Futures Trade Mixed Pre-Bell
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Technology Stocks Rise After Tesla Earnings as US Equity Futures Trade Mixed Pre-Bell
Nov 2, 2024 11:53 PM

09:10 AM EDT, 10/24/2024 (MT Newswires) -- US equity futures were mixed ahead of Thursday's opening bell, with futures of the technology-heavy Nasdaq Composite index rising after upbeat earnings from electric vehicle maker Tesla (TSLA).

Dow Jones Industrial Average futures slipped 0.1%, S&P 500 futures rose 0.4%, and Nasdaq futures were up 0.9%.

Tesla reported late Wednesday higher Q3 adjusted earnings and revenue and projected a "slight growth" in vehicle deliveries for 2024.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.6% at $75.44 per barrel and US West Texas Intermediate crude up 0.9% at $71.41 per barrel.

New unemployment claims, released at 8:30 am ET, fell to 227,000 in the week ended Oct. 19 from 242,000 in the preceding week, compared with estimates compiled by Bloomberg for 227,000.

The S&P Global US manufacturing Purchasing Managers' Index, due at 9:45 am ET, is seen coming in at 47.5 in October versus 47.3 in the prior month, while the services component is seen coming in at 55.0 versus 55.2 previously.

New home sales, slated for 10 am ET, are expected to increase to 719,000 in September from 716,000 in August.

In other world markets, Japan's Nikkei closed 0.1% higher, Hong Kong's Hang Seng ended 1.3% lower, and China's Shanghai Composite finished 0.7% lower. Meanwhile, UK's FTSE 100 rose 0.5% and Germany's DAX index was up 0.8% in Europe's early afternoon session.

In equities, Tesla shares were up more than 14%. West Pharmaceuticals (WST) shares increased 9% after the company posted Q3 adjusted earnings and revenue that topped analysts' estimates and issued guidance that also beat projections.

On the losing side, Osisko Development ( ODV ) shares fell 25% after the company launched a $50 million private placement of securities. Icon (ICLR) shares retreated 15% after reporting a lower Q3 revenue and issuing a weaker 2024 outlook.

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 >
Exchange-Traded Funds, US Equities Decline After Midday
Exchange-Traded Funds, US Equities Decline After Midday
Oct 7, 2024
01:11 PM EDT, 10/07/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) shed 0.4%. US equity indexes declined as crude oil rose in midday trading Monday amid reports of a pending meeting between Iran and Russia to assess the escalating crisis in the Middle East. Energy iShares US...
TREASURIES-US yields top 4% and 2s/10s invert on bets of less dovish Fed
TREASURIES-US yields top 4% and 2s/10s invert on bets of less dovish Fed
Oct 7, 2024
(Updates as of 1030 EDT; Changes dateline) By Alden Bentley NEW YORK/LONDON, Oct 7 (Reuters) - The benchmark Treasury yield topped 4% for the first time in two months on Monday, and a widely watched section of the yield curve briefly inverted as markets bet against another jumbo U.S. rate cut after Friday's strong U.S. jobs report. The 10-year yield...
US Equity Indexes Decline, Crude Oil Jumps Amid Middle East Turmoil
US Equity Indexes Decline, Crude Oil Jumps Amid Middle East Turmoil
Oct 7, 2024
12:53 PM EDT, 10/07/2024 (MT Newswires) -- US equity indexes declined as crude oil jumped in midday trading Monday amid reports of a pending meeting between Iran and Russia to assess the escalating crisis in the Middle East. The Nasdaq Composite fell 0.5% to 18,051.7 with the S&P 500 down 0.4% to 5,729.5 and the Dow Jones Industrial Average dropping...
Sector Update: Energy
Sector Update: Energy
Oct 7, 2024
01:30 PM EDT, 10/07/2024 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each rising 0.8%. The Philadelphia Oil Service Sector index was posting a 0.2% increase, while the Dow Jones US Utilities index was falling 1.6%. Front-month West Texas Intermediate crude oil was rising 3.6%...
Copyright 2023-2026 - www.financetom.com All Rights Reserved