Dow Futures Rise Ahead of Fed Rate Decision
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The firm, which recently announced the departure of CEO Emma Walmsley at the end of the year, now expects to generate core earnings per share growth of 10% to 12%, up from a previous forecast of 6% to 8%. GSK also lifted its turnover growth forecast and operating profit growth outlook.
Futures on Wall Street are trading with losses ahead of the all important meeting between US President Donald Trump and Chinese President Xi Jinping. Futures on the Dow Jones are down 100 points, while those on the Nasdaq are down 80.
Stock index futures largely hugged the flat line on Tuesday, a day after Wall Street notched record highs as traders gear up for a busy week.
Stock futures turned lower in recent trading on Thursday, hinting at more losses after major indexes snapped a three-day winning streak on Wednesday. S&P 500 futures were off by 11 points, or 0.2%, at 6,
Modine Manufacturing Co (NYSE: MOD) dipped 6.3% to $151.83 in pre-market trading following second-quarter results.
There could also be some trade-related developments between the U.S. and China. On October 30, the 2025 Asia-Pacific Economic Cooperation (APEC) summit will kick off in Gyeongju, South Korea and President Donald Trump and President Xi Jinping are expected to meet face-to-face to address trade disputes.
Stock futures were struggling for direction early Tuesday, with investors seemingly content to sit on the sidelines as they try to figure out whether a flurry of earnings reports and the Federal Reserve’s next policy decision will take any of the shine off of equities’ record-breaking run.
Major stock indexes rose Thursday, as investors digested the latest batch of corporate earnings and China trade news.