U.S. Stocks on the Move-Sherwin-Williams, Johnson & Johnson, IQVIA
SPY•Market tone
Nasdaq futures 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.
Individual stock moves
- 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.
