As U.S. stock trading nears the opening at the bottom of the hour, the major indexes are mostly trading higher:
- Dow Industrial Average trades up 72 points
- The S&P index trades up eight points
- The NASDAQ index is trading down -3.25 points.
US yields are trading lower as buyers in the 10-year sector are touted. The 10-year yield is currently down 4.4 basis points at 4.44% (that’s a lot of 4s).
Disney reported disappointing earnings and its shares are down 7.28% in pre-market trading.
Nvidia shares are also down in premarket trading, although Goldman Sachs increased its projection for the stock from $1,000 to $1,100. Shares are trading down -0.94% at $912.75. There was a report that Apple was developing its own chips running artificial intelligence software in data centers.
Apple shares are up 1%. Apple will host an iPad event starting at 10 a.m. ET
Palantir shares are down -12.34% after eating into EPS and revenue, but disappointed by full-year revenue guidance.
This article was written by Greg Michalowski at www.forexlive.com.
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