Key points:
- A number of energy stocks and Chinese companies posted significant market declines
- Boeing and Goldman Sachs shares posted notable gains
- UnitedHealth and J&J readjusted their earnings forecasts due to external factors
Boeing aims to raise 10 billion dollars
Boeing (BA) plans to raise at least $10 billion through the sale of new shares. This strategy aims to stabilize its finances after a period of instability. Shares rose nearly 1% in after-hours trading.
Goldman Sachs reports a 45% increase in profits
Goldman Sachs (GS) announced a 45% increase in quarterly earnings, above market expectations. Stocks were up more than 3% in pre-market trading.
Bank of America beats expectations despite profit decline
Bank of America (BAC) posted a decline in its quarterly earnings, despite beating expectations. The stocks was up nearly 2% in pre-market trading.
UnitedHealth revises profit forecast in wake of cyberattack
UnitedHealth (UNH) lowered its earnings expectations in the wake of persistent disruptions caused by a cyberattack. Stocks were down more than 3% in after-hours trading.
Johnson & Johnson posts profit, but cuts its annual outlook
Johnson & Johnson (JNJ) reported better-than-expected quarterly sales and earnings, but cut its annual profit forecast. Stocks were down about 1% in after-hours trading.
Walgreens Boots Alliance confirms its adjusted earnings
Walgreens Boots Alliance (WBA) reported a quarterly loss of $3 billion, despite beating adjusted profit and sales forecasts. Stocks rebounded more than 5% in premarket trading.
Chinese companies fall as Beijing reduces stimulus
Stocks of U.S.-listed Alibaba (BABA), PDD (PDD) and NIO (NIO) declined in pre-market trading. The decline is due to cooling interest in Beijing’s economic boost.
Trump Media & Technology rebounds after recent gains
Stocks of Trump Media & Technology (DJT), parent company of Truth Social, rose in pre-market trading following an 18% gain on Monday. The rise is tied to the perception that Donald Trump has a slight edge in the election, as well as recovering from recent losses.
Energy companies retreat on falling oil prices
Stocks of Occidental Petroleum (OXY) and Diamondback Energy (FANG) were down in pre-market trading on lower oil prices. Hopes are rising that Israel’s planned attack on Iran will not affect nuclear or oil facilities.
