… New York. The U.S. stock market opens at 9:30 a … New York. The U.S. stock market opens at 9:30 a … New York. The U.S. stock market opens at 9:30 a … , to 26,788.10. The Nasdaq, which is heavily weighted with …
… The four members of the Dow Jones Industrial Average that reported third … to 8,104.30. The Dow Jones Industrial Average DJIA, -0.15% … this week and four Dow components that reported early … since October 3, according to Dow Jones Market Data. West Texas …
… 1.4% drop for the Dow Jones Industrial Average DJIA, -0.15% …
… session in negative territory. The Dow Jones index fell 0.2 per …
… The four members of the Dow Jones Industrial Average that reported third … to 8,104.30. The Dow Jones Industrial Average DJIA, -0.15% … this week and four Dow components that reported early … since October 3, according to Dow Jones Market data. West Texas …
Texas Instruments Inc. shares dropped in the extended session Tuesday after the chip-maker’s outlook fell well beneath Wall Street estimates, and other chip-maker stocks took an after-hours hit.
Texas Instruments TXN, -1.80% shares dropped 8.6% after hours, following a 1.8% decline in the regular session to close at $128.57.
The company said it expects fourth-quarter earnings of 91 cents to $1.09 a share on revenue of $3.07 billion to $3.33 billion. Analysts surveyed by FactSet expect $1.28 a share on revenue of $3.59 billion.
The company reported third-quarter net income of $1.43 billion, or $1.49 a share, compared with $1.57 billion, or $1.58 a share, in the year-ago period.
Revenue declined to $3.77 billion from $4.26 billion in the year-ago quarter.
Analysts surveyed by FactSet had forecast earnings of $1.42 a share on revenue of $3.82 billion.
Shares of other chip companies also fell after hours.
Intel Corp. INTC, -0.23% shares fell 2.3%, with the chip giant reporting earnings Thursday.
ON Semiconductor Corp. ON, -1.08% shares fell 3.4%, Nvidia Corp. NVDA, -0.20% shares declined 2.1%, while Advanced Micro Devices Inc. AMD, -1.62% slipped 1.4% and Micron Technology Inc. MU, -1.24% shares fell 1.9%.
Shares of Skyworks Solutions Inc. SWKS, -1.03% fell 3% and Taiwan Semiconductor Manufacturing Co. TSM, +1.28% declined 0.9%.
Qualcomm Inc. QCOM, -0.65% shares shed 1.8%, and Broadcom Inc. AVGO, -0.73% shares fell 2.3%.
The PHLX Semiconductor Index SOX, -0.77% closed down 0.8% Tuesday, and is up 39% for the year, compared with a nearly 20% rise in the S&P 500 index SPX, -0.36% and a 22% gain in the tech-heavy Nasdaq Composite Index COMP, -0.72% .
Investing.com – Stocks on Wall Street fell back modestly Tuesday, buffeted by political undertainty in Britain, tech weakness at home and a big change at Boeing (NYSE:).
The slipped 0.36% and fell back under 3,000. It lasted just one day above 3,000 after a month of closes under that level, which has proved a stubborn resistance level.
The fell 0.15% on weakness in Travelers Companies NYSE:) and McDonald’s (NYSE:).
The fell back 0.72% on weakness in such stocks as Facebook (NASDAQ:), Advanced Micro Devices I(NASDAQ:) and Microsoft (NASDAQ:). Microsoft reports fiscal-first-quarter earnings after Wednesday’s close.
Tech shares may be pressured again on Wednesday after Texas Instruments (NASDAQ:) fell 10% postmarket after offering a gloomy outlook.
The S&P fell back in part because of the uncertainty from Britain after Prime Minister Boris Johnson lost a key vote on taking the United Kingdom out of the European Union. Parliament voted against Johnson’s fast-track timetable, putting into doubt the ability for the U.K. to leave with a deal by the Oct. 31 deadline, and it may lead to new elections.
Boeing (NYSE:) shares moved 1.9% higher after the aerospace giant said Kevin McAllister is stepping aside as president of Boeing Commercial Airplane, the division that makes the now-grounded 737 MAX airliner. He is the highest-profile executive affected by the crisis that erupted when two 737 MAX planes crashed and killed 346 people.
Boeing (NYSE:) reports third-quarter results before Wednesday’s open, and CEO Dennis Muilenburg is expected to testify before Congress next week.
McDonald’s shares, down 5%, weighed on the and other fast-food stocks after earnings missed estimates. Chipotle Mexican Grill (NYSE:), which reports after the close, was off more than 3%.
After the close, Chipotle reported $3.82 a share in earnings, up from $1.16 a share a year ago. Revenue was
… 2,995.99, while the Dow dipped 39.54 points or … fiscal first quarter results. Fellow Dow component United Technologies (UTX) also … the downside, however, with the Dow Jones U.S. Software Index slumping …
Visa Inc.’s Thursday afternoon earnings report will cap off a fiscal year in which the payments giant branched further beyond traditional credit and debit cards.
Among Visa’s big areas of focus in fiscal 2019 were Visa Direct, a function that lets users get paid using the card infrastructure, and B2B Connect, a cross-border commercial platform. The company expects both of these to be growth drivers in future, as Visa Direct benefits from trends such as the rise of gig-economy businesses that are looking to pay workers more quickly than every two weeks. B2B Connect allows Visa to tap into a lucrative new market for the company where credit cards don’t get much play.
The company turned to acquisitions as well as it broadened its capabilities. In the June quarter alone, the company made four deals, which Chief Financial Officer Vasant Prabhu said were meant to help Visa extend its reach.
“A lot of what goes on in our industry is you partner with [companies offering new capabilities] because that’s how you extend your network and add more services and all that,” Prabhu told MarketWatch in a mid-September interview. But in the case of its Earthport deal, Visa saw an opportunity to double the amount of bank accounts it could reach, to 99% of those in major countries, by buying the company outright. With its deal for processing company Payworks, Visa pulled the trigger only after first partnering with the German company.
PayPal earnings: Expect ‘more catalyst potential than usual’
Cantor Fitzgerald analyst Joseph Foresi wrote in a recent note to clients that “the card network’s ability to expand its addressable market is a key opportunity and area of focus.”
Expect more talk of activity beyond traditional card swipes, dips, and taps when Visa begins discussion of fiscal 2020 on its