Three quarters of an hour before the start of trading, the broker IG estimated the Dow Jones Industrial about 0.2 percent lower to 42,090 points. IG also sees the tech-heavy Nasdaq 100 index down about 0.2 percent at 19,732 points.
After an Iranian rocket attack on Israel, Prime Minister Benjamin Netanyahu announced retaliation. “And as long as there is counterattack after counterattack in this conflict, anxiety is likely to remain in the stock market.
Among the individual stocks, Nike shares seem to be clearly in the focus of investors. The US sporting goods company had reported a sharp decline in sales for the third quarter the night before and suspended its annual targets shortly before new CEO Elliott Hill took office. In addition, an investor day planned for November was canceled. The headlines seemed negative and the problems were raised at home, experts said. In US premarket trading, Nike shares recently fell by 7.9 percent.
Apple shares lost 0.7 percent premarket. Previously, analysts from JPMorgan, Barclays and Citigroup had lowered their estimates for iPhone sales.
US-listed Chinese stocks were again in good shape in pre-market trading. They continue to benefit from Beijing’s measures to support the domestic economy. Shares of Chinese online retailer Alibaba rose another 4.3 percent before the trading session. Shares of search engine operator Baidu gained 6.5 percent./edh/stk
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AXC0206 2024-10-02/14:58
2024-10-02 12:58:00
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