Here are the top stocks to watch on Wall Street, with index futures so far pointing to an open of 0.09% for the Dow, 0.12% for the S&P 500 and 0.14% for the Nasdaq
Apple: Several hundred employees of Foxconn’s iPhone manufacturing plant in China showed up on the site Wednesday, photos posted on social networks showed. Apple shares fell 0.3% in pre-market trading. * HP announced on Tuesday its intention to cut up to 6,000 jobs by the end of fiscal year 2025, which equates to cutting 12% of its workforce, citing a slowdown in the PC market. Its earnings forecast for the current quarter is also lower than expected. The title gained 1.4% in pre-market trading.
Nordstrom: The supermarket group reported slowing sales over the past two months and cut its full-year net profit forecast through the end of January. Title is down about 10% in pre-market trading.
Deere & co: The agricultural machinery maker on Wednesday reported a 75% year-over-year quarterly profit increase as price increases helped offset higher costs. The title gained 2.8% in pre-market trading and was heading for a more than seven-month high.
Oil stocks fell on top amid slumping crude prices, in response to reports that G7 countries are discussing a cap on Russian oil prices above current levels. Exxon and Chevron sell 1% and 1.2%, respectively.
Autodesk was down nearly 9% in non-aftertax trading sessions on Tuesday, as its guidance for the current quarter fell short of market expectations.
VMware: The enterprise software maker stock fell about 1.4% in after-hours trade after the close as its quarterly revenue and earnings per share fell short of the Refinitiv IBES consensus.