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2022-10-28

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Pre-Bell｜Dow Futures Turn Higher After Economic Data; Amazon Shares Tumble 14%

Dow futures turned higher after economic data on Friday after data showed a slightly lower-than-expe

Pre-Bell｜Dow Futures Turn Higher After Economic Data; Amazon Shares Tumble 14%

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Amazon’s projection reflects economic uncertainty and a significant hit from a stronger U.S. dollar.</p><p><b>Apple (AAPL)</b> – Apple beat top and bottom line estimates for its latest quarter, with its highest revenue ever for the July through September period. However, iPhone sales during the quarter were slightly below Street forecasts. Apple added 0.6% in premarket trading.</p><p><b>Pinterest (PINS)</b> – Pinterest surged 11% in the premarket after its quarterly results beat analyst forecasts and its monthly user numbers also topped expectations.</p><p><b>Intel (INTC)</b> – Intel rallied 7% in premarket action despite cutting its full-year sales forecast. The chip maker beat top and bottom line estimates for its latest quarter and said it will focus on cost reductions over the next year.</p><p><b>Exxon Mobil (XOM)</b> – Exxon Mobil added 2.2% in premarket trading after record profits exceeded analyst forecasts. Higher natural gas prices and cost controls helped offset the slide in crude oil prices.</p><p><b>Chevron (CVX) </b>– Chevron rose 2% in premarket action after top and bottom line beats for its latest quarter. Chevron’s $11.2 billion profit was lower than the record $11.6 billion it reported during the prior quarter, but still the second-best on record.</p><p><b>Sanofi (SNY) </b>– Sanofi shares gained 2.2% in premarket action after the French drug maker issued an upbeat forecast. Sanofi is seeing strong demand for its Dupixent eczema treatment and its flu vaccines.</p><p><b>T-Mobile (TMUS)</b> – T-Mobile shares jumped 2.9% in premarket trading after it reported the strongest jump in subscriber numbers since its merger with Sprint in 2020.</p><p><b>Deckers Outdoor (DECK)</b> – The footwear and apparel maker reported a quarterly profit of $3.80 per share, 12 cents above estimates. The company reaffirmed its full-year outlook and that conservative forecast helped push the stock down 6% in the premarket.</p><h2>Market News</h2><h3>Apple Earnings Rise As Economic Gloom Hits Tech</h3><p>Apple Inc on Thursday reported revenue and profit that topped Wall Street targets, one of the few bright spots in a tech sector battered by spending cutbacks due to inflation.</p><p>The forecast for the holiday quarter was more grim. While not providing specific numbers, Apple said revenue growth would fall below 8% in the December quarter but did not go as far as Amazon.com.</p><p>The Cupertino, California-based tech giant was saved by its oldest technology, its laptop computers, while its star, the iPhone, stumbled.</p><p>Although iPhone sales were not as strong as some analysts had targeted, they were still a record for the September quarter. Mac sales of $11.5 billion were far head of analyst estimates of $9.36 billion.</p><h3>Amazon Predicts Sales Growth Slowdown for Holidays, Crushing Shares</h3><p>Amazon.com Inc on Thursday forecast a slowdown in sales growth for the holiday season, disappointing Wall Street and warning that inflation-wary consumers and businesses had less money to spend.</p><p>Amazon&#39;s 14% stock drop erased about $140 billion in its market capitalization, greater than the entire value of companies such as Morgan Stanley (MS.N), Netflix (NFLX.O) and Lockheed Martin .</p><p>Net sales were $127.1 billion in the third quarter that ended Sept. 30, still a little lower than the $127.5 billion analysts expected, according to IBES data from Refinitiv.</p><p>But the macro outlook has not brightened. In a call with reporters, Amazon Chief Financial Officer Brian Olsavsky said the company was bracing for slower economic growth.</p><h3>Musk Is Said to Take Twitter CEO Role, Reverse Life Bans</h3><p>Elon Musk plans to assume the role of chief executive officer at Twitter Inc. after completing his $44 billion acquisition, taking the helm of the social media giant on top of leading Tesla Inc. and SpaceX.</p><p>Musk intends to replace Parag Agrawal, who was fired along with other major executives upon completion of the takeover, a person familiar with the matter said, asking not to be identified discussing internal deliberations. The billionaire is expected to remain CEO in the interim but may eventually cede the role in the longer term, the person added. Twitter representatives declined to comment.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Dow Futures Turn Higher After Economic Data; Amazon Shares Tumble 14%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜Dow Futures Turn Higher After Economic Data; Amazon Shares Tumble 14%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-28 20:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Dow futures turned higher after economic data on Friday after data showed a slightly lower-than-expected reading in a key inflation metric for the month of September, easing investor nerves about the pace of aggressive Federal Reserve tightening.</p><p>The Commerce Department&#39;s core Personal Consumption Expenditures Index (PCE), the Fed&#39;s preferred inflation measure, climbed 5.1% in September compared to an expected 5.2% rise on a year-over-year basis when stripped of volatile food and energy costs.</p><h2>Market Snapshot</h2><p>At 8:46 a.m. ET, Dow e-minis were up 16 points, or 0.05%, S&amp;P 500 e-minis were down 18.75 points, or 0.49%, and Nasdaq 100 e-minis were down 113 points, or 1.01%.</p><p><img src=\"https://static.tigerbbs.com/7eb4d00b3bb8639df557a8ea62b2c14b\" tg-width=\"456\" tg-height=\"195\" referrerpolicy=\"no-referrer\"/></p><h2>Pre-Market Movers</h2><p><b>Amazon (AMZN)</b> – Amazon slumped 14% in the premarket after projecting much weaker-than-expected revenue for the current quarter. Amazon’s projection reflects economic uncertainty and a significant hit from a stronger U.S. dollar.</p><p><b>Apple (AAPL)</b> – Apple beat top and bottom line estimates for its latest quarter, with its highest revenue ever for the July through September period. However, iPhone sales during the quarter were slightly below Street forecasts. Apple added 0.6% in premarket trading.</p><p><b>Pinterest (PINS)</b> – Pinterest surged 11% in the premarket after its quarterly results beat analyst forecasts and its monthly user numbers also topped expectations.</p><p><b>Intel (INTC)</b> – Intel rallied 7% in premarket action despite cutting its full-year sales forecast. The chip maker beat top and bottom line estimates for its latest quarter and said it will focus on cost reductions over the next year.</p><p><b>Exxon Mobil (XOM)</b> – Exxon Mobil added 2.2% in premarket trading after record profits exceeded analyst forecasts. Higher natural gas prices and cost controls helped offset the slide in crude oil prices.</p><p><b>Chevron (CVX) </b>– Chevron rose 2% in premarket action after top and bottom line beats for its latest quarter. Chevron’s $11.2 billion profit was lower than the record $11.6 billion it reported during the prior quarter, but still the second-best on record.</p><p><b>Sanofi (SNY) </b>– Sanofi shares gained 2.2% in premarket action after the French drug maker issued an upbeat forecast. Sanofi is seeing strong demand for its Dupixent eczema treatment and its flu vaccines.</p><p><b>T-Mobile (TMUS)</b> – T-Mobile shares jumped 2.9% in premarket trading after it reported the strongest jump in subscriber numbers since its merger with Sprint in 2020.</p><p><b>Deckers Outdoor (DECK)</b> – The footwear and apparel maker reported a quarterly profit of $3.80 per share, 12 cents above estimates. The company reaffirmed its full-year outlook and that conservative forecast helped push the stock down 6% in the premarket.</p><h2>Market News</h2><h3>Apple Earnings Rise As Economic Gloom Hits Tech</h3><p>Apple Inc on Thursday reported revenue and profit that topped Wall Street targets, one of the few bright spots in a tech sector battered by spending cutbacks due to inflation.</p><p>The forecast for the holiday quarter was more grim. While not providing specific numbers, Apple said revenue growth would fall below 8% in the December quarter but did not go as far as Amazon.com.</p><p>The Cupertino, California-based tech giant was saved by its oldest technology, its laptop computers, while its star, the iPhone, stumbled.</p><p>Although iPhone sales were not as strong as some analysts had targeted, they were still a record for the September quarter. Mac sales of $11.5 billion were far head of analyst estimates of $9.36 billion.</p><h3>Amazon Predicts Sales Growth Slowdown for Holidays, Crushing Shares</h3><p>Amazon.com Inc on Thursday forecast a slowdown in sales growth for the holiday season, disappointing Wall Street and warning that inflation-wary consumers and businesses had less money to spend.</p><p>Amazon&#39;s 14% stock drop erased about $140 billion in its market capitalization, greater than the entire value of companies such as Morgan Stanley (MS.N), Netflix (NFLX.O) and Lockheed Martin .</p><p>Net sales were $127.1 billion in the third quarter that ended Sept. 30, still a little lower than the $127.5 billion analysts expected, according to IBES data from Refinitiv.</p><p>But the macro outlook has not brightened. In a call with reporters, Amazon Chief Financial Officer Brian Olsavsky said the company was bracing for slower economic growth.</p><h3>Musk Is Said to Take Twitter CEO Role, Reverse Life Bans</h3><p>Elon Musk plans to assume the role of chief executive officer at Twitter Inc. after completing his $44 billion acquisition, taking the helm of the social media giant on top of leading Tesla Inc. and SpaceX.</p><p>Musk intends to replace Parag Agrawal, who was fired along with other major executives upon completion of the takeover, a person familiar with the matter said, asking not to be identified discussing internal deliberations. The billionaire is expected to remain CEO in the interim but may eventually cede the role in the longer term, the person added. Twitter representatives declined to comment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","DECK":"Deckers Outdoor Corporation","TMUS":"T-Mobile US Inc","AMZN":"亚马逊","SNY":"赛诺菲安万特","CVX":"雪佛龙","PINS":"Pinterest, Inc.","XOM":"埃克森美孚",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","TSLA":"特斯拉","TWTR":"Twitter","AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126795660","content_text":"Dow futures turned higher after economic data on Friday after data showed a slightly lower-than-expected reading in a key inflation metric for the month of September, easing investor nerves about the pace of aggressive Federal Reserve tightening.The Commerce Department's core Personal Consumption Expenditures Index (PCE), the Fed's preferred inflation measure, climbed 5.1% in September compared to an expected 5.2% rise on a year-over-year basis when stripped of volatile food and energy costs.Market SnapshotAt 8:46 a.m. ET, Dow e-minis were up 16 points, or 0.05%, S&P 500 e-minis were down 18.75 points, or 0.49%, and Nasdaq 100 e-minis were down 113 points, or 1.01%.Pre-Market MoversAmazon (AMZN) – Amazon slumped 14% in the premarket after projecting much weaker-than-expected revenue for the current quarter. Amazon’s projection reflects economic uncertainty and a significant hit from a stronger U.S. dollar.Apple (AAPL) – Apple beat top and bottom line estimates for its latest quarter, with its highest revenue ever for the July through September period. However, iPhone sales during the quarter were slightly below Street forecasts. Apple added 0.6% in premarket trading.Pinterest (PINS) – Pinterest surged 11% in the premarket after its quarterly results beat analyst forecasts and its monthly user numbers also topped expectations.Intel (INTC) – Intel rallied 7% in premarket action despite cutting its full-year sales forecast. The chip maker beat top and bottom line estimates for its latest quarter and said it will focus on cost reductions over the next year.Exxon Mobil (XOM) – Exxon Mobil added 2.2% in premarket trading after record profits exceeded analyst forecasts. Higher natural gas prices and cost controls helped offset the slide in crude oil prices.Chevron (CVX) – Chevron rose 2% in premarket action after top and bottom line beats for its latest quarter. Chevron’s $11.2 billion profit was lower than the record $11.6 billion it reported during the prior quarter, but still the second-best on record.Sanofi (SNY) – Sanofi shares gained 2.2% in premarket action after the French drug maker issued an upbeat forecast. Sanofi is seeing strong demand for its Dupixent eczema treatment and its flu vaccines.T-Mobile (TMUS) – T-Mobile shares jumped 2.9% in premarket trading after it reported the strongest jump in subscriber numbers since its merger with Sprint in 2020.Deckers Outdoor (DECK) – The footwear and apparel maker reported a quarterly profit of $3.80 per share, 12 cents above estimates. The company reaffirmed its full-year outlook and that conservative forecast helped push the stock down 6% in the premarket.Market NewsApple Earnings Rise As Economic Gloom Hits TechApple Inc on Thursday reported revenue and profit that topped Wall Street targets, one of the few bright spots in a tech sector battered by spending cutbacks due to inflation.The forecast for the holiday quarter was more grim. While not providing specific numbers, Apple said revenue growth would fall below 8% in the December quarter but did not go as far as Amazon.com.The Cupertino, California-based tech giant was saved by its oldest technology, its laptop computers, while its star, the iPhone, stumbled.Although iPhone sales were not as strong as some analysts had targeted, they were still a record for the September quarter. Mac sales of $11.5 billion were far head of analyst estimates of $9.36 billion.Amazon Predicts Sales Growth Slowdown for Holidays, Crushing SharesAmazon.com Inc on Thursday forecast a slowdown in sales growth for the holiday season, disappointing Wall Street and warning that inflation-wary consumers and businesses had less money to spend.Amazon's 14% stock drop erased about $140 billion in its market capitalization, greater than the entire value of companies such as Morgan Stanley (MS.N), Netflix (NFLX.O) and Lockheed Martin .Net sales were $127.1 billion in the third quarter that ended Sept. 30, still a little lower than the $127.5 billion analysts expected, according to IBES data from Refinitiv.But the macro outlook has not brightened. In a call with reporters, Amazon Chief Financial Officer Brian Olsavsky said the company was bracing for slower economic growth.Musk Is Said to Take Twitter CEO Role, Reverse Life BansElon Musk plans to assume the role of chief executive officer at Twitter Inc. after completing his $44 billion acquisition, taking the helm of the social media giant on top of leading Tesla Inc. and SpaceX.Musk intends to replace Parag Agrawal, who was fired along with other major executives upon completion of the takeover, a person familiar with the matter said, asking not to be identified discussing internal deliberations. The billionaire is expected to remain CEO in the interim but may eventually cede the role in the longer term, the person added. 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