(Updated with McDonald’s, Merck, Alphabet, Meta and Futures)
PARIS, March 15 (Reuters) – Main stocks to follow on Friday on Wall Street, where futures contracts on the main indices suggest an opening up 0.19% for the Dow Jones, 0.19% for the Standard & Poor’s 500 and 0.15% for the Nasdaq:
* ADOBE plunges 11.4% in pre-stock market trading, the Photoshop publisher having announced Thursday evening that it anticipates a turnover for the current quarter of between 5.25 billion and 5.30 billion dollars against a consensus of $5.31 billion. The group’s quarterly forecasts also raised fears about strong competition and disappointed investors who were hoping for a boost linked to the integration of generative AI.
* TESLA rebounded by 1% on Friday after two consecutive sessions of decline of more than 4%.
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* MCDONALD’S said on Friday that a technology outage had disrupted operations at many of its locations around the world, including in Japan and Australia, but ruled out the possibility of a cybersecurity incident.
* MERCK said Friday that its blockbuster immunotherapy treatment Keytruda, combined with chemoradiotherapy, met the primary endpoint in a late-stage study and helped improve survival in patients newly diagnosed with a form of cervical cancer of the uterus.
*ALPHABET, META – Advertisers are making contingency plans with TikTok’s rivals in case the app is sold or banned in the United States. Short-video sharing platforms Meta and YouTube, TikTok’s biggest competitors, stand to benefit from higher advertising budgets if the app is banned, according to advertising experts.
* ULTA BEAUTY lost 6.6% in pre-market trading after announcing Thursday evening that it was forecasting an annual profit lower than expected due to an increase in costs in the supply chain and an increase in its promotions.
* MADRIGAL PHARMACEUTICALS soars 25.4% in pre-stock market trading after the Food and Drug Administration, the health authority in the United States, approved its treatment of fatty liver, a pathology which manifests itself in excess of fat in the liver unrelated to alcohol consumption.
* US STEEL lost 0.7% in pre-market trading, with US President Joe Biden declaring Thursday evening that the group should remain an American-owned company while he concluded a project with Nippon Steel for its sale for 14 .9 billion dollars.
* The cryptoasset groups COINBASE GLOBAL, BITFARMS, RIOT PLATFORMS, HUT 8 MINING and MARATHON DIGITAL fell from 3.1% to 4.8% in pre-market trading in the wake of bitcoin’s decline the day after its record at $73,803.
* MICRON TECHNOLOGY gains 3.4% in pre-market trading thanks to Citi’s raising of the chip manufacturer’s price target from $95 to $150. The intermediary expects Micron’s quarterly results to beat expectations next Wednesday. (Written by Claude Chendjou and Diana Mandiá, edited by Sophie Louet)
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