Key points:
- PayPal and Ford see significant stock declines.
- Pfizer and HSBC rise on strong results and stock buybacks.
- Major companies will report earnings after the market closes.
PayPal (PYPL) Drops After Disappointing Results
PayPal’s quarterly revenue slightly missed expectations, with lower-than-anticipated forecasts weighing on the stock. Shares were down more than 5% in premarket trading.
Pfizer (PFE) Rises on Strong Earnings
Pfizer shares rose 2% premarket after quarterly earnings and sales beat estimates. The company also raised its annual forecast, which bolstered investor confidence.
Ford (F) Falls on Cautious Outlook
Ford Motor: Stocks are down 6% before the open. The automaker said annual profit would come in at the low end of its forecast.
Boeing (BA) tries to raise funds
Boeing: The aircraft manufacturer priced its offering of 112.5 million stocks at $143 each. It aims to raise about $21 billion to strengthen its balance sheet.
Trump Media & Technology (DJT) soars in after-hours trading
Trump Media & Technology: Stocks of Truth Social’s parent company soared 10% in after-hours trading, following a rally on Monday.
HSBC (HSBA, HSBC) announces stock buyback
HSBC: The global bank reported quarterly net profit growth and announced a new stock buyback of a maximum $3 billion. Stocks rose 4% in London.
McDonald’s (MCD) falls despite U.S. gains
McDonald’s: The chain made progress in boosting its U.S. business last quarter. However, comparable store sales continued to lag expectations. Stocks fell just before the open.
Companies reporting after the close
Advanced Micro Devices (AMD), Google parent Alphabet (GOOGL), Chipotle Mexican Grill (CMG) and Visa (V) are among the companies reporting results at the close of the U.S. session.
