financetom
Market
financetom
/
Market
/
Traders Eye Tech Earnings as US Equity Futures Post Narrow Losses Pre-Bell
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Traders Eye Tech Earnings as US Equity Futures Post Narrow Losses Pre-Bell
Jul 23, 2024 6:23 AM

08:54 AM EDT, 07/23/2024 (MT Newswires) -- US equity futures posted narrow losses pre-bell Tuesday as traders awaited earnings from technology sector majors Alphabet (GOOG, GOOGL) and Tesla (TSLA).

The Dow Jones Industrial Average futures declined 0.1%, S&P 500 futures slipped 0.1% and Nasdaq futures were down 0.3%.

Alphabet and Tesla are scheduled to release quarterly results after the market close.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $81.80 per barrel and US West Texas Intermediate down 0.7% at $77.78 per barrel amid renewed hopes for a ceasefire in Gaza.

Existing home sales, slated for 10 am ET, are expected to drop to a 3.99 million annualized rate in June from a 4.11 million rate in May, according to estimates compiled by Bloomberg.

In other world markets, Japan's Nikkei closed 0.01% lower, Hong Kong's Hang Seng ended 0.9% lower, and China's Shanghai Composite finished 1.7% lower. Meanwhile, the UK's FTSE 100 slipped 0.1%, and Germany's DAX index rose 1% in Europe's early afternoon session.

In equities, shares of Danaher Corporation ( DHR ) were 7% higher pre-bell after the company posted Q2 earnings and revenue that topped analysts' estimates. The Coca-Cola Company ( KO ) shares increased 1% after reporting higher Q2 comparable earnings and revenue. Spotify Technology ( SPOT ) shares rose 14% on improved Q2 financial results.

On the losing side, Medpace Holdings ( MEDP ) shares were down 13% after the company reported Q2 revenue that trailed analysts' estimates.

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 >
Top Midday Stories: Tech Stocks Rise After Trump Announces AI Initiative; Netflix Subscriber Growth Tops Expectations
Top Midday Stories: Tech Stocks Rise After Trump Announces AI Initiative; Netflix Subscriber Growth Tops Expectations
Jan 22, 2025
12:11 PM EST, 01/22/2025 (MT Newswires) -- All three major US stock indexes were higher around midday Wednesday, with the S&P 500 touching a record high and the tech-heavy Nasdaq up more than 1% after President Trump's administration committed to making the US a leader in artificial intelligence. Trump announced the $500 billion Stargate initiative to build up US AI...
US STOCKS-Nasdaq leads Wall St higher helped by Netflix results, Trump's AI investment plans
US STOCKS-Nasdaq leads Wall St higher helped by Netflix results, Trump's AI investment plans
Jan 22, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click/ or type LIVE/ in a news window.) * Oracle up after Trump unveils $500 bln AI plan * Procter & Gamble ( PG ) gains after upbeat Q2 results * S&P 500 less than 1% away from all-time high * Indexes up: Dow 0.17%, S&P 500 0.48%,...
US STOCKS SNAPSHOT-Wall St opens higher after Netflix results, Trump's AI investment plans
US STOCKS SNAPSHOT-Wall St opens higher after Netflix results, Trump's AI investment plans
Jan 22, 2025
Jan 22 (Reuters) - Wall Street's main indexes opened higher on Wednesday, with the benchmark S&P 500 just shy of a record high, as investors cheered streaming giant Netflix's ( NFLX ) strong quarterly performance and President Donald Trump's multi-billion dollar support to bolster AI infrastructure. The Dow Jones Industrial Average rose 152.3 points, or 0.35%, at the open to...
Stock Of The Day: Fair Isaac Chart Illustrates Trading Psychology
Stock Of The Day: Fair Isaac Chart Illustrates Trading Psychology
Jan 22, 2025
Shares of Fair Isaac Corporation is trading a little lower Wednesday. This follows yesterday's announcement that the company will report its first quarter fiscal 2025 results on Feb. 4 after the market closes. Certain charts can offer valuable lessons to traders. The chart of Fair Isaac ( FICO ) is one of them. This is why our trading team has made...
Copyright 2023-2025 - www.financetom.com All Rights Reserved