Size of the text
Stocks are expected to open mainly lower after disappointing economic reports from around the world. Futures in the stock market
The Dow Jones Industrial Average is a stock market index that measures how well
The Dow Jones Industrial Average fell 157 points, or 0.5 percent, while
S&P 500 Index
Futures were down by 0.3 percent, while
The Nasdaq Composite Index
The futures remained largely unchanged.
China’s first-quarter GDP growth came in at 7.9%, falling short of predictions of 8.2%. This might be construed as a less-than-optimistic assessment of the world economy. Investors in the United States are concerned that economic expansion has reached its limit. According to Tom Essaye, founder of Sevens Report Research, “futures are marginally lower following mixed Chinese economic data.” Initial unemployment claims in the United States were 360,000, which was in line with expectations and an improvement from last week’s result of 386,000. Here are five stocks that have moved in the premarket on Thursday:
American International Group is a multinational corporation based in the United
(ticker: AIG) climbed 6% after private equity firm Blackstone agreed to pay $2.2 billion for a 9.9% ownership holding in AIG’s life and retirement division. Blackstone’s stock increased by 2.8 percent.
Morgan Stanley is a financial services firm based in
(MS) shares dropped 1.5 percent after the company reported a profit of $1.85 per share, topping predictions of $1.65 per share, on revenue of $14.8 billion, which was more than the $13.9 billion expected.
Microchips and Advanced Micro Devices
The stock of AMD increased 1% after Citigroup upgraded it from Sell to Neutral.
Old Dominion Freight Line is a freight line that operates in the United States.
(ODFL) declined 0.7 percent after Wolfe Research downgraded it from Outperform to Peer Perform.
NXP Semiconductors is a semiconductor company based in the Netherlands.
The stock of NXPI fell 1.4 percent after Mizuho downgraded it from Buy to Neutral. Jacob Sonenshine can be reached at jacob.sonenshine@barrons.com./n
Read More
