Dow Inc. (DOW) shares are trading higher in pre-market trading after the company reported better-than-expected third-quarter earnings. Sales rose 1% year-over-year, exceeding analyst expectations, driven by higher sales in the U.S. and Canada. Adjusted EPS also surpassed estimates, reflecting the company’s strong performance in key segments.
U.S. stock futures are trading mixed this morning. Here’s a look at some of the key companies that are expected to grab investor attention today due to their upcoming earnings reports: Dow, Lam Research, Honeywell, Tesla, and American Airlines.
U.S. stock markets traded mixed on Monday, with the Nasdaq Composite falling while the Dow rose. Energy shares performed strongly, while information technology stocks lagged. The NY Empire State Manufacturing Index rose to its highest level since April 2022, indicating positive economic activity.
U.S. stocks traded higher towards the end of trading on Tuesday, with the S&P 500 gaining more than 1%, while the Dow and NASDAQ also rose. General Motors Company reported better-than-expected earnings for its fiscal first quarter, with quarterly sales growth of 7.6% year-on-year. Communication services and materials sectors were the leading and lagging sectors, respectively. In commodity news, oil traded up 1.8% while gold traded down 0.2%. European and Asian markets closed mostly higher, with the eurozone’s STOXX 600 rising 1.09% and Japan’s Nikkei 225 gaining 0.30%. Sales of new single-family houses jumped 8.8% in March, while the S&P Global services PMI and composite PMI fell to 50.9 and 50.9, respectively.
