financetom
Market
financetom
/
Market
/
Wall Street Consolidates After ASML-Fueled Losses as US Equity Futures Tread Water Pre-Bell
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Wall Street Consolidates After ASML-Fueled Losses as US Equity Futures Tread Water Pre-Bell
Oct 17, 2024 1:28 PM

08:58 AM EDT, 10/16/2024 (MT Newswires) -- US equity futures were flat pre-bell Wednesday, consolidating after losses amid concerns over chipmaker ASML's ( ASML ) weak sales guidance.

The Dow Jones Industrial Average futures gained 0.02%, while S&P 500 and Nasdaq futures were flat.

ASML ( ASML ) cut the top end of its 2025 sales guidance range to a new range of 30 billion euros ($32.69 billion) to 35 billion euros from the prior forecast range of 30 billion euros to 40 billion euros.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.4% at $74.53 per barrel and US West Texas Intermediate crude 0.4% higher at $70.88 per barrel.

US import prices fell 0.4% in September compared with expectations for a 0.3% decrease in a survey by Bloomberg and August's 0.2% decline, while export prices dropped 0.7% for the month following the 0.9% downtick previously and versus estimates for a 0.4% decrease.

In other world markets, Japan's Nikkei closed 1.8% lower, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.05% higher. Meanwhile, UK's FTSE 100 rose 0.9% and Germany's DAX index fell 0.2% in Europe's early afternoon session.

In equities, The Container Store ( TCS ) shares were up 37% pre-bell after the company disclosed a $40 million investment from Beyond (BYON). NovoCure ( NVCR ) stock was 23% higher after the company said overnight that the US Food and Drug Administration approved its Optune Lua device for the treatment of adults with metastatic non-small cell lung cancer.

On the losing side, ASML ( ASML ) shares fell 4.4%. Penguin Solutions ( PENG ) shares fell 13% after the company reported fiscal Q4 adjusted profit and sales 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 >
Dell, TJX And 2 Other Stocks Insiders Are Selling
Dell, TJX And 2 Other Stocks Insiders Are Selling
Mar 22, 2024
The Nasdaq 100 closed higher by around 80 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an...
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
Mar 22, 2024
MUMBAI, March 22 (Reuters) - STOCKS: The benchmark BSE Sensex rose 190.75 points, or 0.26%, to 72,831.94, while the broader NSE index gained 66.1 points, or 0.30%, to 22,078.05, as IT sector bellwether Accenture's revenue warning offset optimism around U.S. Federal Reserve rate cuts. RUPEE: The Indian rupee weakened 0.33% versus the U.S. dollar, and quoted at 83.43 per dollar,...
US Stock Futures Flat Ahead of Powell Speech After Reaching Record Highs on Thursday
US Stock Futures Flat Ahead of Powell Speech After Reaching Record Highs on Thursday
Mar 22, 2024
08:24 AM EDT, 03/22/2024 (MT Newswires) -- US stock futures were flat in Friday's premarket session after equity indexes closed at record highs on Thursday, as investors awaited Federal Reserve Chairman Jerome Powell's speech, scheduled for 9:00 am ET. Powell will deliver the opening remarks at a Fed Listens event in Washington on the topic of transitioning to a post-pandemic...
US STOCKS-Futures edge higher after Wall Street scales record peak
US STOCKS-Futures edge higher after Wall Street scales record peak
Mar 22, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Tesla slips on report co trims car production in China * FedEx ( FDX ) jumps on Q3 profit beat * Nike ( NKE ) falls after revenue forecast disappoints * Futures up: Dow 0.10%, S&P 0.11%, Nasdaq 0.07%...
Copyright 2023-2025 - www.financetom.com All Rights Reserved