CNR, Cascades in Spotlight
October 21,2021 08:34 am EST
Stock futures declined in early trading on Thursday after the blue-chip Dow Jones Industrial Average retook its record high in the prior session amid solid corporate earnings.
Futures for the Dow Jones Industrials dropped 96 points, or 0.3%, to 35,381.
Futures for the S&P 500 slid 13 points, or 0.3%, to 4,515.
Futures for the NASDAQ Composite Index fell 59 points, or 0.4%, to 15,318.50.
IBM shares lost more than 4% in premarket trading following a revenue miss in the third quarter. Its top two business segments — global services and the Cloud & Cognitive Software business — fell short of estimates.
Tesla shares dipped by 1% in premarket trading even after the electric-car maker posted record earnings and revenue in the third quarter that beat expectations.
Railroad giant CSX jumped more than 3% in extended trading following a stronger-than-expected earnings report.
On Wednesday, the Food and Drug Administration authorized booster shots of both Johnson & Johnson and Moderna''s Covid vaccines, a critical step in distributing extra doses to tens of millions of people. U.S. regulators also approved “mixing and matching” vaccines.
Overseas, in Japan, the Nikkei 225 stumbled 1.9% Thursday, while in Hong Kong, the Hang Seng fell 0.5%.
Oil prices sank 45 cents to $82.97 U.S. a barrel.
Gold prices $4.50 to $1,780.40 U.S. an ounce.
Currencies