Texas Instruments, IBM and Tesla published balance sheets that left the market little pleased. Meanwhile, two key events are approaching: the bilateral meeting between China and the US; and the Fed meeting.
The main indices of Wall Street operate with slight declines at the pre-opening this Thursday. As happened with Netflix This Wednesday, the quarterly results of Tesla and other important technology companies that were released in the last few hours did not completely convince investors. in a context in which trade tensions between the US and China increase.
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In this context, the index that groups the most important companies in the new york stock exchange he S&P 500 decreases 0.07% in the “premarket”while the Nasdaq Composite, dedicated to the technology sector, decreases 0.07%. For its part, the industrial index Dow Jones down 0.14%.


In the previous one, the actions with the greatest increases are West Pharmaceutics (+7.22%), Dow Inc. (+6.04%) and Las Vegas Sand (+5.6%). On the opposite side, the greatest falls are observed in Molina Healthcare (-0.10%), Centene Corp (-0.09%) and IBM (-7.29%).
In the rest of the world, the situation is bullish. In Europe, the Euro Stoxx rises 0.35%. At the local level, the situation is mixed: the German DAX drops 0.11% and the French CAC increases 0.44%. Outside the eurozone, the UK FTSE rises just 0.62%.
In Asia, the Hang Seng of Hong Kong rose 0.72%, the Shanghai stock market increased 0.22% in China. Meanwhile, the Nikkei 225 Japanese fell 1.35% and the Kospi South Korean fell 0.98%.
Disappointing balance sheets for Wall Street
IBM falls in pre-opening after the company registered a slowdown in growth in its key cloud software segment. For its part, Texas Instruments fell 0.6% after the company presented a weaker forecast for the fourth quarter, significantly below the previous consensus.
The most notable case is that of Tesla, one of the “magnificent seven” of the technology sector. It reported record quarterly revenue and significantly higher free cash flow, driven by the highest volume of vehicle deliveries in its history and a record deployment of energy storage solutions.
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Wall Street is also closely following developments in US trade negotiations with China.
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However, it falls 3.3% in the premarket. The explanation? Automotive business margins remain below the prior year level due to increased operating costs, tariffs and changes in the sales mix.
For this Thursday, the results of Intel will be known, while for next week the highlight will be the balance sheets of Microsoft, Apple, Alphabet (Google parent company), amazon and Goal.
Negotiations with China and the Fed in the spotlight
Anyway, Concerns about a new setback in US-China trade remain validespecially after a Reuters report that suggested the Trump administration considers banning Chinese exports made with US software.
The news increased doubts about whether the long-awaited meeting between Donald Trump and his Chinese counterpart, Xi Jinpingin South Korea will be held at the end of this month.
Investors also pay attention to consumer price index (CPI) Friday, which could solidify expectations of a cut in U.S. interest rates Federal Reserve (Fed) at its October meeting.
ANDThe shutdown of much of the federal government would complicate the flow of data and could cloud the inflation signal. The stalemate, now entering its fourth week, halted the release of key economic data, adding to uncertainty.
Source: Ambito

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