S&P 500 futures retreat from record after data showing sticky inflation, weakening labor market: Live updates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 18 min. at publisher
  • 📊 Quality Score:
  • News: 69%
  • Publisher: 72%

Markets News

Breaking News: Markets,United States,Prices

U.S. stock futures dipped Thursday as investors weighed a slightly hotter-than-expected consumer price index report for September.

Some stocks are making big moves in premarket trading: Delta Air Lines – Shares fell nearly 5% after the airliner provided disappointing fourth-quarter revenue guidance . Delta anticipates revenue will rise between 2% and 4% from a year earlier, less than the 4.1% estimate, per LSEG. Third-quarter earnings per share and revenue also came in below expectations. 10x Genomics – Shares fell around 26% after the single-cell market leader announced it expects third-quarter revenue to come in at $151.

7 million , which is about a 1% decrease from the same period a year ago. CEO Serge Saxonov said the transition the company experienced due to recent changes to its commercial processes and organization was 'more disruptive than we anticipated, especially in the Americas.' CVS Health – Shares of the pharmacy chain added 1.9% on the back on an upgrade to overweight from equal weight by Barclays. The firm said there's a 'compelling margin recovery opportunity' for CVS.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks tick higher as S&P 500 shoots for a 5-day winning streak: Live updatesThe major averages are on pace for weekly gains as traders aim to overcome a sluggish September.
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 futures are little changed after stocks pull back to start new week: Live updatesThe three major indexes finished Monday’s session in the red.
Source: NBCNewYork - 🏆 270. / 63 Read more »