Dow Futures Edge Lower As Investors Watch Out For Trump-Xi Call: FDX, UPS, LEN, INTC Among Stocks To Watch
U.S. stocks appear set for a cautious opening on Friday ahead of a crucial call between President Donald Trump and his Chinese counterpart, President Xi Jinping, on TikTok and breaking the gridlock in the trade war between the United States and China.
While Dow Jones futures were down 0.04% at the time of writing, the S & P 500 futures were up 0.03%, while the tech-heavy Nasdaq 100's futures gained 0.08%. Futures of the Russell 2000 index were down 0.12%.
Meanwhile, the SPDR S & P 500 ETF (SPY) was up 0.12% at the time of writing, while Invesco QQQ Trust (QQQ) rose 0.18% on Friday morning. Retail sentiment around the S & P 500 ETF on Stocktwits was in the 'bullish' territory.
Asian markets ended Thursday's trading session on a largely negative note, with the TWSE Capitalization Weighted Stock index declining the most at 0.75%, followed by the Nikkei 225 at 0.62%, the KOSPI at 0.47%, and the Shanghai Composite at 0.3%.
The Hang Seng index edged up by 0.03%.
Stocks To Watch
- FedEx Corp. (FDX): FedEx shares surged over 5% pre-market after the company's first-quarter (Q1) results beat Wall Street expectations. FedEx reported earnings per share (EPS) of $3.83 on revenue of $22.2 billion, while analysts expected an EPS of $3.61 on revenue of $21.65 billion, according to Stocktwits data. United Parcel Service Inc. (UPS): UPS shares gained nearly 2% pre-market after the company terminated its plan to acquire Mexico's Estafeta. Lennar Corp. (LEN): Lennar shares fell over 3% after it reported third-quarter (Q3) results, with its profit falling for the fourth consecutive quarter. It reported an EPS of $2.29 on revenue of $8.81 billion, while analysts expected an EPS of $2.1 on revenue of $8.97 billion, according to Stocktwits data. Intel Corp. (INTC): Intel shares declined by over 3% after surging by over 23% on Thursday, after Nvidia Corp. (NVDA) announced an investment of $5 billion.
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