The Nasdaq fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall Street.
Stocks moving on company news
Cadence Design Systems Inc (CDNS.O): Climbs as AI demand drives annual forecast hike.
Coca-Cola Co (KO.N): Up after raising annual forecasts.
Sherwin-Williams Co (SHW.N): Beats profit estimates, forecasts higher FY net sales.
United Parcel Service Inc (UPS.N): Climbs after lifting full-year revenue forecast.
Boeing Co (BA.N): Seen posting 6.6% year-on-year revenue growth.
Johnson & Johnson (JNJ.N): Rises after announcing $5.5 billion settlement to resolve talc lawsuits.
Navitas Semiconductor Corp (NVTS.O): Falls after wider Q2 loss.
BuzzFeed Inc (BZFD.O): Jumps on plan to reduce 35% of workforce.
Centene Corp (CNC.N): Rises after lifting annual profit forecast.
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