Stock Market News

Bank of America, Goldman Sachs and Walgreens rise premarket; Exxon Mobil falls

2024.10.15 07:48

Bank of America, Goldman Sachs and Walgreens rise premarket; Exxon Mobil falls

Investing.com — US stock steadied Tuesday, near record levels, as investors digested a series of major quarterly corporate earnings.

Here are some of the biggest premarket US stock movers today:

  • Goldman Sachs (NYSE:) stock rose 3.4% after the investment bank beat third-quarter expectations, with Global Banking & Markets a key driver of the strong performance, generating quarterly net revenues of $8.55 billion.
  • Boeing (NYSE:) stock rose 0.8% after the aerospace giant entered a credit agreement worth $10 billion with a consortium of banks, but also filed a registration statement with the U.S. markets regulator that will allow it to raise up to $25 billion through an offering of various debt securities and classes of stock.

  • Bank of America (NYSE:) stock rose 2.5% after the second-largest US bank posted net profit per share that topped expectations despite slipping compared to the prior year, as higher investment banking fees helped it offset a slight year-on-year decline in net interest income.

  • Walgreens Boots Alliance (NASDAQ:) stock rose 6.3% after the pharmacy chain operator said on Tuesday it would shut 1,200 stores over the next three years, as well as narrowly beat Wall Street’s lowered estimates for fourth-quarter adjusted profit.

  • Wolfspeed (NYSE:) stock soared 23% after the chipmaker announced that it will receive significant financial support, with $750 million proposed from the U.S. Department of Commerce under the CHIPS and Science Act and another $750 million in new financing from a consortium led by Apollo, The Baupost Group, Fidelity, and Capital Group.

  • Etsy (NASDAQ:) stock fell 4.7% after Goldman Sachs downgraded its stance on the e-commerce company to ‘sell’ from ‘neutral’, citing persistent challenges in growth and competitiveness.

  • Exxon Mobil (NYSE:), Occidental Petroleum (NYSE:) and Chevron (NYSE:) stocks all fell over 2%, tracking sharp declines in crude prices as supply concerns eased after a media report said Israel is willing to not strike Iranian oil targets.

  • Trump Media & Technology (NASDAQ:) stock rose 9%, continuing the previous session’s sharp gains when more than 57 million shares exchanged hands, in the busiest day for the stock since July 15 — the first trading day after an attempted assassination of the Republican presidential candidate at a rally in Pennsylvania.

  • Ericsson (BS:) stock rose 10% after the Swedish telecom equipment maker posted better-than-expected third quarter results, driven by a strong performance in its networks business, particularly in North America.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,575.41 0.45%
ethereum
Ethereum (ETH) $ 3,472.72 0.84%
tether
Tether (USDT) $ 0.999364 0.24%
xrp
XRP (XRP) $ 2.28 1.98%
bnb
BNB (BNB) $ 705.12 1.01%
solana
Solana (SOL) $ 197.79 0.47%
dogecoin
Dogecoin (DOGE) $ 0.331079 2.54%
usd-coin
USDC (USDC) $ 1.00 0.05%
staked-ether
Lido Staked Ether (STETH) $ 3,468.48 0.42%
cardano
Cardano (ADA) $ 0.911483 3.90%
tron
TRON (TRX) $ 0.256562 0.75%
avalanche-2
Avalanche (AVAX) $ 40.52 1.01%
chainlink
Chainlink (LINK) $ 24.62 1.13%
the-open-network
Toncoin (TON) $ 5.96 3.07%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,128.55 0.22%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 2.36%
sui
Sui (SUI) $ 4.49 3.69%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,161.30 0.27%
hedera-hashgraph
Hedera (HBAR) $ 0.314384 2.57%
stellar
Stellar (XLM) $ 0.383089 3.39%
polkadot
Polkadot (DOT) $ 7.47 1.89%
weth
WETH (WETH) $ 3,470.94 0.81%
bitcoin-cash
Bitcoin Cash (BCH) $ 463.37 2.76%
hyperliquid
Hyperliquid (HYPE) $ 26.82 10.89%
leo-token
LEO Token (LEO) $ 9.53 0.75%
uniswap
Uniswap (UNI) $ 13.90 5.20%
litecoin
Litecoin (LTC) $ 108.73 1.55%
bitget-token
Bitget Token (BGB) $ 5.74 15.21%
pepe
Pepe (PEPE) $ 0.000019 3.32%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,668.12 0.17%
near
NEAR Protocol (NEAR) $ 5.48 3.00%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
aave
Aave (AAVE) $ 369.66 2.48%
usds
USDS (USDS) $ 1.01 0.39%
aptos
Aptos (APT) $ 9.66 2.46%
internet-computer
Internet Computer (ICP) $ 11.25 0.15%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.516395 2.70%
crypto-com-chain
Cronos (CRO) $ 0.158587 5.29%
vechain
VeChain (VET) $ 0.051826 1.66%
mantle
Mantle (MNT) $ 1.24 0.40%
ethereum-classic
Ethereum Classic (ETC) $ 27.34 3.49%
render-token
Render (RENDER) $ 7.54 5.53%
bittensor
Bittensor (TAO) $ 511.80 1.12%
mantra-dao
MANTRA (OM) $ 3.79 0.42%
whitebit
WhiteBIT Coin (WBT) $ 24.93 1.23%
monero
Monero (XMR) $ 194.10 0.30%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.35 4.38%
dai
Dai (DAI) $ 1.00 0.18%
arbitrum
Arbitrum (ARB) $ 0.799717 4.03%
filecoin
Filecoin (FIL) $ 5.30 3.29%