(Updated with index futures, Paypal, Peloton forecourt prices)
PARIS, Sept 20 (Reuters) – Main stocks to watch on Tuesday on Wall Street, where index futures suggest a drop of 0.35% for the Dow Jones, 0.43% for the Standard & Poor’s 500 and 0.56% for the Nasdaq:
* Shares of TECHNOLOGY GROUPS such as APPLE, MICROSOFT, TESLA, ALPHABET, AMAZON and META PLATFORMS fell 0.6% to 1% ahead of the market at the start of the first day of the Fed’s monetary policy meeting which is expected to lead to another 75 basis point rate hike on Wednesday, according to market consensus.
* U.S. CASINO OPERATORS like WYNN RESORTS, LAS VEGAS SANDS and MELCO RESORTS & ENTERTAINMENT gain 2.6% to 3.1% ahead of the stock market as China plans to ease entry rules into its territory for foreigners when visiting certain tourist sites.
* APPLE announced on Tuesday that it will raise the prices of apps and in-app purchases on its App Store from next month across the eurozone and in some countries in Asia and South America.
* UNITED HEALTH – An American judge on Monday rejected the Justice Department’s request to block the plan to buy CHANGE HEALTHCARE for eight billion dollars (as many euros). Change Healthcare stock gained 7% in after-hours trading after US markets closed.
* FORD – The automaker said on Monday that its supply costs would rise by about a billion dollars more than expected in the third quarter and that 40,000 to 45,000 vehicles could not be put on sale due to a lack of components. The title fell by 5.2% before the market.
* BOEING – China’s aviation regulator said on Tuesday it met with Boeing representatives last week regarding a possible return to service of the 737 MAX in China.
* PEPSICO told Reuters in a statement that it has ended production of Pepsi, 7UP and Mountain Dew in Russia nearly six months after making a commitment to do so.
* META PLATFORMS – The Advocate General of the Court of Justice of the European Union has ruled to authorize competition authorities to take into account the compatibility of a commercial practice with the General Data Protection Regulation, an opinion which, if followed by the Court, would be a setback for the owner of Facebook and Instagram.
* ZENDESK – The shareholders of the software publisher approved on Monday the group’s takeover project by a consortium of investment funds led by Hellman & Friedman and Permira.
* PELOTON – The specialist in “fitness” equipment gained 2.6% in pre-market after the launch of a device dedicated to the practice of rowing, a first for the group in this segment.
* PAYPAL HOLDINGS – The action fell 2.3% in pre-market after the lowering of the recommendation of Susquehanna to “neutral” against “buy”.
* CALLON PETROLEUM – KeyBanc begins tracking the stock at “online weighting”.
(Written by Marc Angrand and Claude Chendjou, edited by Sophie Louet)