U.S. stock futures were mixed ahead of midterm election results, with Dow futures down 0.94%, S&P 500 futures down 0.19% and Nasdaq 100 futures up 0.13%. Apple fell 3.9% premarket after warning higher memory-chip costs would pressure holiday-quarter gross margin.
U.S. stock index futures were mixed Tuesday as crude oil prices rose and investors awaited midterm election results. Apple fell 3.9% in premarket trading after warning that rising memory-chip costs would pressure its holiday-quarter gross margin.
Palantir Technologies fell 7.7% despite forecasting fourth-quarter revenue above estimates after topping third-quarter expectations. Nvidia rose 1.4%, while AMD gained 1.8% ahead of its quarterly results; Marvell Technology and Intel rose 1.4% and 2.1%, respectively.
The Nasdaq-100 closed more than 10% below its record closing high on Monday, entering a correction as investors weighed Big Tech’s AI spending and the prospect of limited returns. Analysts cited concerns about government spending, deficits and borrowing costs; crude oil rose after an Iranian official said a deal to end the war was far off. Pfizer gained 0.8% after raising its annual revenue and profit forecast.
