Wall Street Monday: Apple’s ‘Scary Fast’ Event, Stock Market Updates, and More

2023-10-30 10:54:05

Main values ​​to follow Monday on Wall Street where index futures open up 0.56% for the Dow Jones .DJI, 0.56% for the Standard & Poor’s-500 .SPX and 0. 63% for the Nasdaq: * APPLE AAPL.O is organizing a special event this Monday called “Scary Fast” during which the group should, according to several media, present new products, notably Macs. * NVIDIA NVDA.O, AMAZON AMZN.O and TESLA TSLA.O rose 0.9% to 1.6% on Monday in pre-market trading at the start of a week full of financial publications and on the eve of the meeting of two days of monetary policy from the American Federal Reserve. * MCDONALD’S MCD.N exceeded Wall Street’s expectations on Monday for its third-quarter profit and turnover, once morest a backdrop of the launch of new menus which supported demand. The stock is up around 2% in pre-market trading. * ALPHABET GOOGL.O – Sundar Pichai, the group’s general manager, will testify Monday in federal court as part of the trial where the American administration accuses the group of having circumvented competition rules to secure a position quasi-monopoly in internet research. * FORD FN – Leaders of the United Auto Workers union on Sunday approved a tentative agreement with Ford that includes a wage increase of at least 30% for full-time employees and pay more than doubled for the others. However, negotiations are continuing with General Motors GM.N. * BLACKSTONE BX.N announced on Monday its intention to take a majority stake in the Indian group Care Hospitals for a billion dollars, marking its entry into the health services sector in this country. * REALTY INCOME ON, SPIRIT REALTY CAPITAL SRC.N – Realty Income, which is looking to expand its real estate portfolio, announced on Monday that it will buy real estate investment company Spirit in an all-stock transaction valued at 9 .3 billion dollars. Spirit Realty shares rose 13% in pre-market trading. * LOEWS LN reported a profit in the third quarter on Monday, compared to a net loss a year earlier, thanks to an increase in its investments and a solid performance of its insurance division CNA Financial CNA.N. * WESTERN DIGITAL WDC.O rose 10% in pre-market trading, as the memory chip maker announced on Monday that it would split into two companies that would focus on the hard drive and flash memory markets, a few days following the failure of negotiations for a merger with the Japanese group Kioxia. * KKR KKR.N has signed an agreement to invest $400 million in OMS Group, a Malaysian provider of submarine telecom cable services, the two groups announced on Monday. * INTERNATIONAL FLAVORS & FRAGRANCES IFF.N will be bought by Clariant CLN.S for $810 million in cash, the Swiss group announced on Monday. * COHERUS BIOSCIENCES CHRS.O jumped 15.2% in pre-stock market transactions, the Food and Drug Administration, the health authority in the United States, having approved its treatment for nasopharyngeal cancer. * REVVITY RVTY.N on Monday cut its full-year sales forecast following missing Wall Street estimates in the third quarter, hurt by weak demand for its supplies to life sciences researchers and solutions diagnostic. The stock lost 8% in pre-market trading. * MODERNA MRNA.O – JP Morgan resumes monitoring of the value at “neutral”, with a price target of 93 dollars. (Written by Claude Chendjou and Diana Mandiá, edited by Blandine Hénault)
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