New York Stock Exchange trades flat at the start of the trading day as oil prices fall.
The broad S&P 500 index was unchanged at 16:07 at 7 681,10.
The tech-heavy Nasdaq Composite is unchanged at 26 823,52.
By sector, utilities posted the best performance, up 0,57 percent, while healthcare recorded the weakest performance, down 0,87 percent.
Retail giant Target is cutting prices on nearly 2 000 products in home, clothing, footwear and accessories ahead of the holiday shopping season. Selected clothing and footwear will be at least 20 percent cheaper than last year, while prices on bed linen are being cut by an average of 15 percent. The measure follows price reductions on more than 10 000 products over the past year. The stock is down 1,5 percent.
Meta is launching Muse for Small Business, a version of the AI agent Muse for small businesses. The service can be connected to, among others, Asana, Canva, QuickBooks, Shopify, Slack, Stripe and Zoom, as well as business accounts on Facebook and Instagram. Muse can, for example, analyze sales, finances and marketing or create campaigns. The stock is rising 1,1 percent.
Electric vehicle manufacturer Tesla has received approval for FSD Supervised in Croatia and expects to launch the technology in the country shortly. Croatia is thereby joining, among others, the Netherlands, Belgium and Slovenia, which previously approved the system. An EU-wide launch is meanwhile still pending. The stock is down 0,6 percent.
Deutsche Bank upgrades Netflix to Buy from Hold but cuts the price target to 95 from 100 dollars following lower estimates for operating profit and free cash flow. The stock is up 2,6 percent.
Health technology company Oura is postponing its planned listing on Nasdaq in the US, citing uncertainty in the IPO market despite what the company describes as strong demand.
The yield on the US 10-year Treasury rises 1 basis point to 5,25 percent.
Brent crude falls 1,16 percent to 96,70 dollars and WTI crude declines 1,35 percent to 91,35 dollars.
IndexPriceChange todayChange this yearS&P 5007 681,10-0,03%12,21%Nasdaq Composite26 823,520,01%15,41%Consumer discretionary1 803,54-0,01%-6,48%Consumer staples913,63-0,79%5,64%Energy946,10-0,75%37,65%Financials901,05-0,17%-1,16%Healthcare1 980,54-0,87%9,67%Industrials1 434,450,38%9,24%Materials625,30-0,16%8,86%Real estate265,930,18%4,27%IT7 267,030,32%27,85%Utilities401,290,57%-7,50%Telecom466,68-0,40%3,16%Source: Factset
