Stock Groups

U.S. Futures slip after record run for S&P 500, Dow -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO Traders are seen working on the New York Stock Exchange’s floor in New York City (USA), October 18, 2021. REUTERS/Brendan McDermid

By Devik Jain

(Reuters) – The and looked poised to fall from records on Wednesday, as a decline in commodity prices combined with a fresh Chinese regulatory crackdown scuttled optimism about strong quarterly earnings.

Energy firms include shares Chevron (NYSE: ) tracked lower oil prices while Bank of America (NYSE 🙂 fell on a flattening U.S yield curve.

In spite of the positive results achieved by technology companies, investors were affected by a new regulatory crackdown in China and uncertainty about U.S. monetary policy.

Microsoft Corp After its strong forecast for the end of the year due to its growing cloud business, (NASDAQ:) saw a 2.1% increase in premarket trades.

Twitter Inc The stock market index (NYSE) rose 1.4% following a 37% increase in quarterly revenues. It also avoided the negative effects of Apple Inc (NASDAQ)’s privacy restrictions on advertising, which have hampered its competition.

Alphabet Inc, Google’s owner (NASDAQ) Inc posted record quarterly profit due to a spike in ad revenues. After a rise of nearly 59% this year, it shares declined 0.6%.

Stronger-than-expected earnings reports have helped drive the S&P 500 and Dow back to all-time highs this week, while bringing the tech-heavy Nasdaq just below 1% from its record peak.

Profit for S&P 500 companies is expected to grow 35.6% year-on-year in the third quarter, with market participants gauging how companies are navigating supply-chain bottlenecks, labor shortages and inflationary pressures induced by the COVID-19 pandemic.

Cognizant, an IT outsourcing company (NASDAQ:), and eBay Inc (NASDAQ 🙂 will report their results today.

Robinhood Markets Inc (NASDAQ: ) dropped 8.4% after the retail brokerage reported a downbeat third-quarter result and trading levels decreased for cryptocurrencies such as dogecoin.

At 6:53 AM. ET were down 15 point, or 0.04 percent, at 6:53 a.m. ET were down 4.25 point, or 0.0.09%, and down 20.5points, or 0.13%,

Texas Instruments Inc (NASDAQ:) Inc has lowered its share price by 4.2%. The chipmaker is struggling with shortages in the semiconductor sector.

 

 

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, futures, indexes and Forex. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]