New York stocks look set to start the final trading day of the week lower. Friday has so far been marked by a series of interim reports.
S&P 500 futures are down 1,13 percent, while Nasdaq 100 futures are falling 2,63 percent.
E-commerce giant Amazon is falling 7,2 percent in premarket trading. The company’s earnings for Q3 were worse than expected. Cloud business AWS posted its largest revenue increase in several years. Amazon repeated its capex forecast. The revenue forecast for Q4 was in line with expectations.
Semiconductor giant Intel is falling around 24 percent in premarket trading on a disappointing outlook. For the fourth quarter, Intel forecasts revenue of 15 to 16 billion dollars and adjusted earnings per share of 0,25 dollars. Analysts had expected 17,1 billion dollars and 0,44 dollars, respectively.
Energy giant Exxon Mobil’s adjusted earnings per share rose to 4,23 dollars in the third quarter, compared with 1,76 dollars in the same period last year. The result was 2,7 percent better than analysts’ expectations of 4,12 dollars, according to Factset. The stock is rising 1,9 percent.
Oil giant Chevron’s revenue rose 35,4 percent to 65,24 billion dollars in the third quarter, compared with the expected 61,82 billion. Adjusted earnings per share increased to 5,28 dollars from 1,85 dollars a year earlier, which was 8,4 percent above analysts’ expectations of 4,87 dollars. The stock is rising 1,4 percent.
Colgate-Palmolive’s revenue rose 4,7 percent to 5,37 billion dollars in the third quarter, compared with the expected 5,34 billion. Adjusted earnings per share increased to 0,97 dollars from 0,91 dollars a year earlier, which was 4,3 percent above analysts’ expectations of 0,93 dollars. The stock is up 5 percent.
Biotechnology company Abbvie’s revenue rose 10,3 percent to 17,40 billion dollars in the third quarter, compared with the expected 17,32 billion. Adjusted earnings per share increased to 3,82 dollars from 1,86 dollars a year earlier, which was 2,4 percent above analysts’ expectations of 3,73 dollars. The stock is falling 0,7 percent.
The yield on the US ten-year Treasury is falling 5 basis points to 4,93 percent.
InstrumentPriceChange todayTimeS&P 500 futures7 667,00-1,13%13:22:05Nasdaq 100 futures28 788,00-2,62%13:22:05FTSE 10010 728,940,06%13:17:08DAX25 799,84-0,92%13:17:05CAC 407 958,80-0,14%13:17:00Nikkei 225 index63 290,11-2,12%07:45:03Germany 10 Y3,35%-0,0213:31:58US 10 Y4,93%-0,0513:32:08EUR/USD1,11900,000713:32:03Brent, USD/barrel113,332,28%13:22:08WTI, USD/barrel104,092,05%13:22:08Natural gas, USD/mmbtu2,883-2,34%13:22:08Gold futures Nymex, USD/oz3 972,00-1,47%13:22:07Source: Factset
