Morning Movers: UnitedHealth rises following second quarter beat
Stock futures are lower this morning with investors balancing encouraging inflation data against renewed weakness in semiconductor stocks and another day of earnings. Markets continue to draw support from softer-than-expected consumer and producer price index reports, which reinforced hopes that inflation is easing and gave investors greater confidence the Federal Reserve can remain on hold in the near term. Corporate earnings remain the primary driver of individual stocks. Taiwan Semiconductor Manufacturing reported a 77% jump in quarterly profit and announced an additional $100B investment in Arizona. However, the results failed to satisfy investors, sending shares lower in premarket trading and weighing on the broader semiconductor sector as concerns linger over AI-related valuations and memory chip demand. Investors will also be watching Netflix, which is scheduled to report quarterly results after the closing bell, for further evidence that earnings growth remains resilient despite macroeconomic uncertainty. In pre-market trading, S&P 500 futures fell 0.40%, Nasdaq futures fell 1.06% and Dow futures fell 0.02%. Check out this morning's top movers from around Wall Street,.
Stock futures are lower this morning with investors balancing encouraging inflation data against renewed weakness in semiconductor stocks and another day of earnings.
Markets continue to draw support from softer-than-expected consumer and producer price index reports, which reinforced hopes that inflation is easing and gave investors greater confidence the Federal Reserve can remain on hold in the near term.
Corporate earnings remain the primary driver of individual stocks.
Taiwan Semiconductor Manufacturing reported a 77% jump in quarterly profit and announced an additional $100B investment in Arizona.
However, the results failed to satisfy investors, sending shares lower in premarket trading and weighing on the broader semiconductor sector as concerns linger over AI-related valuations and memory chip demand.
Investors will also be watching Netflix, which is scheduled to report quarterly results after the closing bell, for further evidence that earnings growth remains resilient despite macroeconomic uncertainty.
In pre-market trading, S&P 500 futures fell 0.40%, Nasdaq futures fell 1.06% and Dow futures fell 0.02%.
Check out this morning's top movers from around Wall Street,.