In pre-market trading, Advanced Micro Devices (NASDAQ: AMD) was one of the top gainers, surging 5.76% after the company announced plans to partner with IBM (NYSE: IBM) to build chips for computers. This should hinder AMD’s rival Nvidia. Communications company Nokia (HE: NOKIA) Corp rose 1.01%, while telecommunications company Qualcomm (NASDAQ: QCOM) rose 3.14% after reports that Broadcam is preparing to make an offer to acquire the company.
Sprint Corp (NYSE: S) was one of the leaders in the fall, which fell 10.34% after the termination of negotiations on a merger with T-Mobile. Instead, telecommunications company Sprint Corp. will partner with Altice USA to provide mobile services over Sprint Corp.’s networks.
The season of corporate reporting continues: among the companies that will submit their reports before the start of trading, CVS Health (NYSE: CVS), Michael Kors Holdings Limited (NYSE: KORS), Softbank Corp. (T: 9984) and Sysco (NYSE: SYY). Following the trading session, TripAdvisor Inc (NASDAQ: TRIP), Etsy Inc (NASDAQ: ETSY) and Godaddy Inc (NYSE: GDDY) will publish their reports.
Investors will pay attention to the speech of the President of the Federal Reserve Bank of New York, William Dudley at 20:00 Moscow time, which can talk about the situation in the US economy and give hints about the interest rate hike in December.
European stock markets fell after a fresh batch of corporate reports. France’s CAC 40 fell six points, or 0.12%, Germany’s DAX slipped 22 points, or 0.17%, and London’s FTSE 100 slipped 21 points, or 0.08%. At the same time, the Euro Stoxx 50 fell six points, or 0.18%, while Spain’s IBEX 35 fell 33 points, or 0.33%.
Gold futures rose 0.20% to $ 1,271.71, while WTI crude oil futuresrose 0.43% to $ 55.88 a barrel. The US dollar index, which measures the dollar’s purchasing power against a trade-weighted basket of six major currencies, rose 0.03% to 94.86.
US Stock Exchange Futures Indicate Neutral Open