Wall Street: Negative bias before the bell


(CercleFinance.com) – Futures on the S&P500 (-0.7%) and the Naddaq-100 (-1%) bode well for a noticeably lower opening this Friday, while the lack of statistics leaves operators focus on relatively extensive news from listed companies.

“Several Fed officials spoke on Thursday: Overall, they still struck a resolute tone around the current inflationary ills, but offered different prescriptions for the policy path forward,” Deutsche Bank said.

In securities news, General Motors announces the restoration by its board of directors of a quarterly dividend – suspended since April 2020 due to the health crisis – as well as the resumption of its ‘opportunistic’ share buybacks.

Deere reported a weaker-than-expected rise in quarterly profit and lowered its annual profit forecast, two announcements that caused the title of the agricultural machinery manufacturer to fall in pre-market quotations.

The equipment manufacturer for the semiconductor industry Applied Materials unveiled Thursday evening a non-GAAP EPS up 2% to 1.94 dollars, under its third quarter (ended at the end of July) for record revenues, in up 5% to 6.52 billion.

Finally, the chain of sporting goods stores Foot Locker lowered its annual objectives on the occasion of its quarterly publication, but also announced the appointment of Mary Dillon, former CEO of Ulta Beauty, as new CEO from September .

Copyright (c) 2022 CercleFinance.com. All rights reserved.



Source link -84