Quotes of futures for US stock indices are falling during trading on Tuesday.
The S&P 500 rose in four of the last six sessions and ended Monday at its highest level in more than a month. According to analysts, this may lead to some downward correction of the market.
In addition, in the absence of significant statistics, investors evaluate the quarterly reports of companies.
3M Co. stock quotes. (SPB: MMM) are down 3.2%. The company, which produces more than 50,000 items of various goods, increased its net profit in the third quarter by 2.7 times, but reduced revenue more than analysts expected. In addition, she worsened the annual forecast.
Raytheon Technologies (SPB: RTX) in July-September reduced its net income by 1%, the adjusted figure was higher than expected, but revenue fell short of experts’ expectations. Solutions provider for the aerospace and defense industries fell 0.4%.
Warner Bros stock price Discovery (SPB: DISCA) is down 0.2%. The media company, created last year by merging AT&T’s media arm WarnerMedia with Discovery Inc., is set to restructure operations to cut costs. The cost of this until the end of 2024 is expected to be about $4.3 billion.
Tesla (SPB: TSLA) is down 0.8%, Boeing Co. (SPB: BA) – by 0.3%, Salesforce Inc. (SPB: CRM) – by 0.2%, Apple Inc. (SPB: AAPL) – by 0.25%, Chevron Corp. (SPB: CVX) – by 0.8%.
Meanwhile, General Motors (SPB:GM) is up 3.3%. The largest American automaker increased revenue in July-September by 56%, to a record.
Shares of Halliburton Co. (SPB: HAL) rise in price by 1%. The oilfield service company increased its net profit in the third quarter by 2.3 times, revenue – by 1.4 times, both figures exceeding forecasts.
Coca Cola Co. (SPB: KO) increased its net income by 14% last quarter and raised its forecast for the current year. The price of securities of the world’s largest producer of soft drinks rises by 2.5%.
General Electric Co. (SPB: GE) in July-September received an adjusted profit worse than experts’ expectations, revenue – better. The value of the company is growing by 1.9%.
The world’s largest express delivery service, United Parcel Service (SPB: UPS), posted lower-than-expected revenue in the third quarter, but adjusted earnings and its guidance for the full year were more optimistic than expected. UPS shares rose 2.7%.
Quotations of December futures for the Standard & Poor’s 500 index by 15:10 qoq decreased by 0.47% and amounted to 3791.5 points, for the Dow Jones index – by 0.6%, to 31355 points. The price of contracts for December on the Nasdaq 100 index by this time fell by 0.24% – to 11451.5 points.
