2023-10-13 12:30:00
(Updated with index futures, Meta, results of major American banks, BlackRock, UnitedHealth, Netflix, Delta, JD.com, oil groups and pre-stock prices) PARIS, October 13 (Archyde.com) – Main stocks to follow Friday on Wall Street, where futures contracts on the main indices suggest a stable opening (+ 0.01%) for the Dow Jones .DJI, a drop of 0.14% for the Standard & Poor’s 500 .SPX and a decline by 0.4 0% for the Nasdaq .IXIC: * JPMORGAN CHASE JPM.N reported on Friday an increase in its profit in the third quarter thanks to the increase in its net interest income in the context of costs of high borrowing and thanks to the acquisition of the regional bank First Republic Bank. The action gained 0.5% in pre-market trading. * WELLS FARGO WFC.N reported better-than-expected quarterly profit on Friday thanks to an increase in interest paid by customers on loans. The stock gained 1.9% in pre-market trading. * CITIGROUP CN reported on Friday a generally stable profit in the third quarter, supported by the increase in interest rates and commissions received in investment banking. * BLACKROCK BLK.N, the world’s largest asset manager, announced on Friday a 13% increase in its profit in the third quarter, marked however by a sharp drop in net inflows. The stock fell 1% in pre-market trading. * UNITEDHEALTH UNH.N rose 1.8% in pre-market trading, the health group having published a profit in the third quarter higher than analysts’ expectations, thanks to a less sharp increase than feared in medical costs in its division health insurance. * MICROSOFT MSFT.O, ACTIVISION BLIZZARD ATVI.O – The British Competition and Markets Authority (CMA) on Friday authorized the acquisition by the Windows publisher of the video game group for $69 billion following concessions . * INTEL INTC.O, AMD AMD.O, NVIDIA NVDA.O – Joe Biden’s administration plans to close a loophole allowing Chinese companies to access American semiconductors for artificial intelligence (AI) via subsidiaries located abroad, four people familiar with the matter told Archyde.com. * BOEING BA.N and SPIRIT AEROSYSTEMS SPR.N have expanded their ongoing inspections to include new elements concerning a probable production defect affecting the 737 Max 8 aircraft, the American aircraft manufacturer announced on Thursday. Boeing fell 1.8% in pre-market trading. * EXXON MOBIL jump in oil prices thanks to new American sanctions once morest Russian crude exports. * META PLATFORMS META.O said on Friday it would remove messages of praise and support for Hamas from its platforms, as the European Union (EU) criticizes social networks for not making enough effort to fight once morest misinformation. * KKR KKR.N – The American investment fund is preparing to submit an offer of several billion euros for the fixed telecoms network of Telecom Italia (TIM) TLIT.MI before the deadline of Sunday, as part of ‘a project supported by Rome, said sources close to the matter. * NEWMONT CORPORATION NEM.N – Shareholders of Newcrest Mining NCM.AX voted overwhelmingly in favor of the gold mining giant’s takeover offer for 26.2 billion Australian dollars (15.92 billion euros). . This is the largest company buyout in Australia since the start of the year. * DOLLAR GENERAL DG.N brought back its former director Todd Vasos on Thursday to replace Jeffery Owen, less than a year following his appointment, the low-cost distributor saying it wanted to stabilize its ailing activities, which pushed up the share price of 7.1% in pre-stock market trading. The group also lowered its profit forecast for this year. * DIGITAL WORLD ACQUISITION CORP DWAC.O, the investment vehicle (SPAC) that plans to merge with former US President Donald Trump’s media and technology company, announced plans to return $533 million to investors raised for this operation, some having already renounced $467 million in commitments. * NETFLIX NFLX.O lost 1.8% in pre-market trading following Brokerage Wolfe Research’s decision to lower its advice on the value to “online performance”. * DELTA AIR LINES DAL.N drops 1.1% in pre-market trading, with TD Cowen anticipating a stronger than expected increase in the air carrier’s maintenance costs. * JD.COM JD.O fell 4.5% in pre-market trading, with several banks and brokers having reduced their price targets and revenue growth forecasts for the Chinese e-commerce giant due to a slowdown in consumer spending. (Written by Claude Chendjou, edited by Blandine Hénault)
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