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 were down 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 personal computer 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 oil prices, in response to reports that G7 countries are discussing capping Russian oil prices above current levels. Exxon and Chevron sell 1% and 1.2%, respectively.
Autodesk was down nearly 9% in non-aftertaste trading 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.