2024-05-09 12:54:20
NEW YORK (awp international) – After six consecutive days of gains, the Dow Jones Industrial is expected to start trading slightly changed. About three-quarters of an hour before the start of trading on Thursday, broker IG estimated that the leading US index was only 0.1 percent lower at 39,001 points. The technology-heavy Nasdaq 100 is expected to be slightly higher.
It is worth looking at the latest data from the labor market. The number of initial weekly jobless claims increased significantly than expected. The data shows a weakening of the recently strong labor market.
On the company side, another hand comes into focus. The chip developer, whose technology is found in nearly every smartphone, missed stock market expectations with its sales forecast for the fiscal year that just started. The shares lost 6.5 percent in pre-market US trading.
Accommodation platform Airbnb also disappointed with its predicted sales development. This means that their shares fell by almost eight percent before the trading session.
Investors in the online video game platform Roblox, which went public just over three years ago, have had to contend with a drop of as much as 29 percent. The prospect for new business here was bleak.
A disappointing forecast and a bigger-than-expected loss last quarter sent shares of solar company Solaredge tumbling. In pre-market trading, the recent decline was more than eight percent.
Entertainment giant Warner Bros. Discovery provided only a positive exclamation mark in early pre-market trading. CEO David Zaslav has instructed his employees to find additional ways to cut costs to meet financial targets for the coming years, Bloomberg news agency reported, citing people familiar with the matter. This supported the papers at first. But then weak quarterly figures caused a gloomy mood and the shares recently lost more than three percent./la/stk
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