Stock Market News: Updated Index Futures and Forecourt Prices from Apple, Disney, and Occidental Petroleum

2023-06-29 09:54:46
(Updated with index futures, forecourt prices from Apple, Disney, Occidental Petroleum) PARIS, June 29 (Archyde.com) – Top stocks to watch on Thursday on Wall Street, where major index futures suggest an opening up 0.30% for the Dow Jones .DJI , 0.28% for the Standard & Poor’s 500 .SPX and 0.32% for the Nasdaq .IXIC: Street, BANK OF AMERICA BAC.N , WELLS FARGO WFC.N , JPMORGAN CHASE JPM.N , GOLDMAN SACHS GS.N and MORGAN STANLEY MS.N , advanced about 1% to 2.5% in pre-trade after the results of the annual “stress test” of the Fed which show that these establishments have enough capital to face a serious economic crisis. The regional banks CHARLES SCHWAB SCHW.N , M&T BANCORP MTB.N , PNC FINANCIAL PNC.N and PACWEST BANCORP PACW.O rose from 1.2% to 7.3%. * APPLE AAPL.O rose 0.2% in pre-market after having brushed the symbolic bar of 3,000 billion dollars in market capitalization on Wednesday. * MICRON TECHNOLOGY MU.O gained 3.8% in pre-market after the publication of a quarterly turnover higher than analysts’ expectations and a sales forecast for the current quarter better than expected. * AMAZON AMZN.O – Prime Day, the group’s promotional day scheduled for July 11-12, is expected to boost sales by 12% from the same period a year ago, JPMorgan estimated Thursday. * SALESFORCE CRM.N on Thursday announced plans to invest $4 billion in its UK business over the next five years as the US software maker expects strong demand in the digital shift and artificial intelligence. * ORACLE ORCL.N spent “billions” of dollars on NVIDIA NVDA.O chips this year to develop its cloud computing service aimed at companies interested in artificial intelligence (AI), its founder and chairman, Larry Ellison, said Wednesday. * BERKSHIRE HATHAWAY BRKa.N announced on Wednesday that it had increased its stake in the capital of OCCIDENTAL PETROLEUM OXY.N to more than 25% after a new investment of approximately $122.1 million. Occidental Petroleum shares rose 1% ahead of trading. * VISA VN announced on Wednesday the acquisition of the Brazilian financial technology platform Pismo for a billion dollars in cash in order to strengthen itself in Latin America. * BLACKBERRY BB.NBB.TO – The Canadian group’s Wall Street-listed share rose 17.4% in pre-market after the publication of better-than-expected quarterly sales, driven in particular by higher spending on cybersecurity. * PFIZER PFE.N – Credit Suisse lowers its advice from “outperform” to “neutral”. Pfizer shares fell 1% in pre-market trading. * WALT DISNEY DIS.N was down 0.5% after reports that KeyBanc lowered its stock advice from “overweight” to “line weight”. * ROKU ROKU.O – Piper Sandler starts the trail at “neutral” with a price target at $65. (Written by Claude Chendjou, edited by Kate Entringer)
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